New Zealand Rugby has posted a loss of $19.5 million for 2024, despite also bringing in record income.

The result was announced during today's AGM in Wellington - and is New Zealand Rugby's third consecutive deficit following a $8.9 million loss in 2023 and a $47 million loss in 2022.

The national body recorded income of $285 million, in what it describes as being a 'near break-even result', highlighted by growth in commercial revenue.

NZ Rugby chief executive Mark Robinson says there's been significant investment in all levels of the game.

"The investment has gone into record levels of investment into the women and girls' game, to the work we're doing in content and digital strategy and game development - we've never had higher levels of investment in the community game."

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New Zealand Rugby has posted a loss of $19.5 million for 2024, despite also bringing in record income.
The result was announced during today's AGM in Wellington - and is New Zealand Rugby's third consecutive deficit following a $8.9 million loss in 2023 and a $47 million loss in 2022.
The national body recorded income of $285 million, in what it describes as being a 'near break-even result', highlighted by growth in commercial revenue.
NZ Rugby chief executive Mark Robinson says there's been significant investment in all levels of the game.
"The investment has gone into record levels of investment into the women and girls' game, to the work we're doing in content and digital strategy and game development - we've never had higher levels of investment in the community game."
LISTEN ABOVE

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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.

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Mark Robinson: NZ Rugby chief executive on NZ Rugby posting its third consecutive deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bb4e0092-6b7b-4126-a995-b2d7007075c4/transcript