Fiji’s drought-breaking victory over England at Twickenham showed the rise of the incredibly talented Pacific Islanders is starting to look inexorable.
After so many false dawns for Pacific Islands rugby, it pays to be cautious. But, after beating England at the weekend, Fiji’s emergence as a genuine power may have begun. They were 8-0 down early at Twickenham and the rain was pouring down, but it did not deter them.
But, no matter who is paying the players, the question of funding remains. My hunch is that Australian rugby may now go down the debt path, rather than private equity.The valuation of rugby assets has likely decreased in recent years – CVC’s investment into the English Premiership looks like a complete stinker – and the upshot for Australia is that they would have to sell a massive slice of the farm to get the sort of capital injection that would make that worthwhile.
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