New Zealand Rugby is to take a 5 percent stake in Sky as it unveils a new broadcast deal. In the latest twist in broadcasting rights news, Sky says it has secured the rights to broadcast SANZAAR rugby matches until 2025. Sky says thge broadcast rights include exclusive coverage of all Investec Rugby Championship, Steinlager Series, Investec Super Rugby, Mitre 10 Cup and all New Zealand's other domestic competitions, including women's competitions like the Farah Palmer Cup.
Sky's share price has fallen by more than 20 per cent following news late last week that Spark has won rights to domestic cricket, including Black Caps matches in New Zealand. What's behind New Zealand Rugby buying shares in Sky? Kathryn talks with Grant Davies, an Investment Adviser with Hamilton Hindin Greene.