NZ Rugby has released its financial result, and it isn't great.
The organisation has reported a deficit of almost $20 million.
NZ Herald rugby writer Gregor Paul has taken a look at the numbers and he thinks they prove that the Silver Lake deal was a bad call. He explained why to D'Arcy Waldegrave on Sportstalk.
LISTEN ABOVE

Full Show: Sportstalk with D'Arcy Waldegrave - March 19, 2026
41:56

Wyatt Crockett: former Crusaders prop on James Slipper beating his Super Rugby appearance record
08:58

Kevin Hickland: Marist Brothers Old Boys Rugby Club spokesperson on the increase in rugby clubs scrapping fees for juniors
10:22