Business of Sport: NZ Rugby’s shocking financial black eye

Business of Sport: NZ Rugby’s shocking financial black eye
NZR CEO Mark Robinson. (Image: Getty)
Trevor McKewen
A friend rang me on Thursday. He had been caught up in meetings all day but had heard something outrageous that couldn’t possibly be correct and he needed to check it with me. “Did New Zealand Rugby really just announce a $47 million loss for last year?” he asked incredulously.It was just the first call of many I took on this subject.Just to give this some context, on Thursday, April 27, at its annual general meeting at the Poneke Rugby Club in Wellington, NZ Rugby (NZR) announced the biggest single-year loss in the histo...

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