The Hurricanes have revealed a $2 million loss is projected for the current financial year, after announcing a new leadership structure. 

Local developer Malcolm Gillies has stepped in to buy the Wellington Rugby Union's 50% stake in the Super Rugby franchise. 

NZ Rugby will also take a minority shareholding and bolster the 'Canes with loans. 

Interim CEO Tony Philp told Andrew Dickens rugby’s had a difficult few years, but there’s certainly opportunities at the club to settle the finances moving forward. 

LISTEN ABOVE  

The Hurricanes have revealed a $2 million loss is projected for the current financial year, after announcing a new leadership structure.&nbsp;
Local developer Malcolm Gillies has stepped in to buy the Wellington Rugby Union's 50% stake in the Super Rugby franchise.&nbsp;
NZ Rugby will also take a minority shareholding and bolster the 'Canes with loans.&nbsp;
Interim CEO Tony Philp told Andrew Dickens rugby’s had a difficult few years, but there’s certainly opportunities at the club to settle the finances moving forward.&nbsp;
LISTEN ABOVE &nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Tony Philp: Hurricanes Interim CEO on the change of leadership at the club

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/71c97961-06a3-4c93-862b-b3ad0169681b/transcript