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.
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The Mike Hosking Breakfast