Five expressions of interest have been received for licences to manage and operate a New Zealand-based Super Rugby team.

Expressions were invited for four of the five teams: the Blues, Chiefs, Hurricanes and Crusaders and at least one proposal has been received for each franchise.

"We are heartened by the interest shown which underlines the attractiveness of the franchises as a commercial proposition," said NZRU chief executive Steve Tew.

"Since this is a commercial process we are unable to release details on each proposal. However, given this was a step into the unknown we have every reason to be encouraged. As we said last year, this process aims to provide opportunities for license holders to inject fresh ideas and capital and that can only be good if we are to ensure the Super Rugby franchise model is viable for the long term."

If appointed, a licensee's responsibilities will include management of the team, both on-field and off, including professional development for members of the squad and promotion of matches and the brand associated with each team.

The NZRU will retain ownership of the brands associated with each team and will continue to be responsible for contracting players and coaches.