In their statement, NZR emphasized that they had no alternative but to take legal action against INEOS.
It read: “New Zealand Rugby is disappointed that Ineos has breached its sponsorship agreement. Most recently, it failed to pay the first instalment of the 2025 sponsorship fee, confirming its decision to exit our six-year agreement.
“Having learned of Ineos’s decision to walk away three years early, we have moved to protect the interests of New Zealand Rugby and the wider game. We have been left with no option but to launch legal proceedings to protect our commercial position.
“NZR is actively pursuing new commercial opportunities and global interest in the All Blacks and other Teams in Black remains high. We are committed to being world class on and off the field and deliver unique value to sponsors through our iconic brands.
"New Zealand Rugby is confident that its renowned All Blacks brand remains one of the most appealing in world sport and, following considerable commercial success, says that it “looks forward to building on that with new partners and fulfilling our purpose of seeing rugby thrive”.