Gregor Paul: What's gone wrong with New Zealand Rugby and INEOS

New Zealand Rugby feel they're well-placed financially - despite needing to take legal action against one of their major sponsors. The national body's launched proceedings against petrochemical company INEOS for breaching a deal worth around $8 million a year. NZR views INEOS' non-payment of the first instalment of 2025 as confirmation they've exited the six-year agreement early. In response to further questions from Newstalk ZB - an NZR spokesperson says their financial position is strong - with cash reserves north of $170 million. They says they've also already started the process of finding a replacement, and are confident there is global commercial interest in the All Blacks and their other teams. LISTEN ABOVE See omnystudio.com/listener for privacy information.