New Zealand Rugby has posted a $19.5 million loss for 2024. 

Since NZR brought US fund manager Silver Lake on as an equity partner in June 2022, the national body has posted total accumulated losses of around $76 million over three years. 

NZR is trumpeting record income of $285 million dollars against the loss. 

CEO Mark Robinson told Mike Hosking that much of the deficit is as a result of investment, and putting all those aside, the deficit is just under $6 million over the last four years.  

He says that they’re making choices to fund investment and growth for the future, and you can see some green shoots coming through. 

LISTEN ABOVE 

New Zealand Rugby has posted a $19.5 million loss for 2024.&nbsp;
Since NZR brought US fund manager Silver Lake on as an equity partner in June 2022, the national body has posted total accumulated losses of around $76 million over three years.&nbsp;
NZR is trumpeting record income of $285 million dollars against the loss.&nbsp;
CEO Mark Robinson told Mike Hosking that much of the deficit is as a result of investment, and putting all those aside, the deficit is just under $6 million over the last four years. &nbsp;
He says that they’re making choices to fund investment and growth for the future, and you can see some green shoots coming through.&nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Mark Robinson: NZ Rugby CEO on the body posting a $19.5 million loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b33be0e5-4ac1-4c82-85a1-b2d7015b946a/transcript