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NZ Rugby makes nearly $9 million loss



New Zealand Rugby has made a loss of almost $9 million for the last financial year, it's second consecutive deficit. .


NZR's total income in 2023 was $268m with expenditure at $277m, meaning a net deficit of $8.9m.


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Although spending was reduced from the previous year a drop in broadcast and matchday revenue in a World Cup year saw income fall from 271 to 268-million dollars.


Domestic competitions and game development programmes remain the biggest NZR costs.


NZR ceo Mark Robinson said the overall operating result was heavily impacted by a truncated Rugby Championship, the lack of the mid-year home series, Māori All Blacks or All Blacks XV matches, and just two domestic tests.


The result showed a 39 percent decrease in matchday income from $28m to $17m.


Broadcast income was down by $16m due to the impact of the 2023 Rugby World Cup.


However, NZR has grown its reserves, which have increased to $175m, up $79m from 2022.

Sponsorship income has also increased to $121m, up $8m.


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