Simon Poter: Halo Sport Managing Director on the settlement between Ineos and NZ Rugby

Petro-chemical conglomerate Ineos have dug deep into their pockets to resolve financial differences with New Zealand Rugby over kit sponsorship.  A settlement has been reached after NZR lodged an injunction at the High Court in Wellington – the figure reportedly in excess of $21 million.  Ineos get to terminate the deal after three years, and NZR can now attempt to secure a new sponsor.  Halo Sport Managing Director Simon Porter told Mike Hosking NZR now has some prized assets to sell, and have some time to ensure they get a good deal.  LISTEN ABOVE See omnystudio.com/listener for privacy information.