Buying Into The Warriors
New Zealand billionaire Owen Glenn has taken a stake in the New Zealand Warriors. Glenn and major shareholder Eric Watson announced the new ownership structure of the Warriors would give them each a 50 per cent stake in the club. Glenn said: “As New Zealanders we are known for achieving above our station and the Warriors are no exception having made the finals in four of the past six years. I’ve been incredibly impressed with the management of the club in recent years and I’m extremely positive about its future.” Glenn was raised a British subject in India, attending a boarding school in the Himalayas until his family immigrated to New Zealand when he was 11. Earlier this year, Glenn sold the company he founded, OTS Logistics Group, to a London-based private equity group. A provider of logistics services, Los Angeles-based OTS had a turnover of more than US$700 million in 2010.