NZ Rugby’s deficit widens despite record income
Rugby body cites ‘ineffective’ foreign exchange hedging for Ineos deal and investment in commercial initiatives as reasons for the loss.
New Zealand Rugby has reported a full year net loss of $19.5 million, wider than the $8.9m deficit last year, despite a 6.5% rise in total income.
In a statement issued alongside its annual report and financials today, the game’s governing body emphasised that it had nearly broken-even on an
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