NZ Rugby faces 70% revenue loss

NZ Rugby faces 70% revenue loss
Victoria Young
Disruption caused by the covid-19 pandemic means NZ Rugby’s revenue for the 2020 calendar year may decline by up to 70 percent, stakeholders were told at the organisation’s annual meeting today. Chief operating officer Nicki Nicol said the previous year’s positive result – a loss of $7.4 million despite a budgeted $11.8 million loss – was largely academic given the immediate impact of the pandemic. Rugby competitions, particularly the Super Rugby season, had been suspended since lockdown and the union had received $3.7 million in wage sub...

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