Loss-making NZ eye Lions cash boost

2016-04-28 11:17
All Blacks logo (File)

Wellington - New Zealand Rugby (NZR) on Thursday revealed that next year's British and Irish Lions tour will be crucial to its finances, underpinning a five-year plan to break even by 2020.

NZR said it recorded a NZ$463 000 loss in 2015, despite the All Blacks becoming the first team to ever to win back-to-back Rugby World Cups.

While that was less than the NZ$955 000 deficit the organisation was expecting, NZR said the figure was set to blow out to NZ$10 million this year as it ploughs extra funds into provincial unions.

Chairperson Brent Impey said the NZR was still in a "favourable financial position" with cash reserves of NZ$59.1 million, but it needed to find ways to generate extra revenue.

"We face a revenue challenge if we hope to continue growing investment in the game," he said in a statement.

"We are forecasting losses in four of the five years, with the exception being next year with the British and Irish Lions.

"Our aim is to reach break-even over the period, but it is clear already that this will be a big challenge."

The NZR's annual report released on Thursday did not provide a breakdown of projected losses or how much next year's Lions tour is expected to bolster the bottom line.

However, it said last year that demand was set to exceed the composite team's last tour in 2005, when 20 000 travelling fans created a boisterous atmosphere and injected an estimated NZ$135 million into the economy.

No Lions squad has won a series in New Zealand since 1971. Next year's tourists face a packed 10-match schedule, including three Tests against the All Blacks.

Read more on:    all blacks  |  rugby

What To Read Next


Read News24’s Comments Policy

Live Video Streaming
Sport Talk

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Springbok coach Allister Coetzee remains defiant, saying he won't resign despite a shambolic two years at the helm. Your thoughts?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.