Where did Otago rugby's pokie cash go?
$300,000 in pokie grants unaccounted for.
More than $300,000 of pokie grants to the Otago Rugby Football Union is unaccounted for and several trusts say they have stopped processing grant applications for the union amid concerns over its financial viability and delays in receiving receipts for previous grants.
Most affected is the Trusts Community Foundation which is awaiting receipts for $286,000 it granted last year for amateur rugby.
It pulled the plug on further grants to the union in January until receipts are produced for previous donations.
However, the foundation's general manager, Warwick Hodder, told NBR Online he's not overly concerned at the situation.
"I'm confident a fair amount will be accounted for as a lot of it went to wages for people in junior rugby and there've been no reports of anyone not being paid."
Mr Hodder said his only niggle was that the trust had not been kept up to date with the union's position and "it's fair to say we are disappointed that it has taken this long to account for the grants."
The union's change manager, Jeremy Curragh, says he's been in touch with the trusts and told them that the union is "going through a complicated financial reconciliation process where the amounts owing to creditors and the circumstances around debts are being verified."
"It is not appropriate to discuss the details around each creditor but we are currently in the middle of a process trying to put together a package for all creditors."
Rod Vaughan
Fri, 09 Mar 2012
Fri, 09 Mar 2012
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Where did Otago rugby's pokie cash go?
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