One other possible investor could be Dunedin Venues Management Ltd as a shareholding in the Highlanders would keep the side playing at Forsyth Barr Stadium for the foreseeable future. –Steve Hepburn
### ODT Online Wed, 11 Dec 2013
Rugby: ORFU keen to be stakeholder in privatised Highlanders
By Steve Hepburn
The NZRU said yesterday the Highlanders were being considered for privatisation next year. The Otago Rugby Football Union is keen to be a stakeholder in the southern franchise, but whether the union has the financial muscle to get involved is still open to question although any discussion is months away.
DVML is drowning in debt and is on shaky management ground (there is more to say about that in coming days).
ORFU is the entity DCC has continually ‘helped’ to the tune of hundreds of millions of dollars over a considerable number of years without qualification, openly, illicitly — without the required checks and balances in place to conservatively and prudently manage ratepayer funds — DCC has been the unsanctionable open chequebook of assistance to a fraudulent sporting regime.
No doubt Mr Mayor Rugby-is-Us Cull (with ex Cr Brown and the like pulling strings), the DVML Boys, and the money-laundering GOBs of Dunedin… will want to buy a rugby team. Because the GOBs/ORFU sure as hell did not buy the stadium – they connived and deceived to have it gifted by all ratepayers and residents such that the city council’s consolidated debt is $623 million and rising. They haven’t raised the (conditional) $45 million in private sector funding they promised to the stadium construction project. And now, they want MORE.
█ ODT 11.12.13 A levelled playing field – the end of Carisbrook
Posted by Elizabeth Kerr