ALL BLACKS IN THE BLACK

NZ Rugby World - - The Breakdown -

NEW ZEALAND RUGBY HAS AC­QUIRED A FAIRLY MA­JOR WAR CHEST IN ITS QUEST TO KEEP PLAY­ERS HERE, POST­ING A RECORD PROFIT OF $33 MIL­LION IN 2017.

The na­tional body banked that cash a er en­joy­ing record rev­enue of $257 mil­lion – around $40 mil­lion of which came from host­ing the Bri­tish & Ir­ish Lions.

That in­come was also boosted by a 14 per cent in­crease in spon­sor­ship rev­enue and a slight li in the money earned from broad­cast­ers.

“The New Zealand Lions se­ries gen­er­ated mas­sive in­ter­est, both here in New Zealand and glob­ally, and that’s re­flected in the num­bers, but it needs to be put in the con­text of be­ing a one-in-12-year-event,” NZR chief ex­ec­u­tive Tew said.

“If you look at 2017, we had an un­usual num­ber of top-qual­ity in­ter­na­tional rugby matches played on New Zealand soil and, as a re­sult, NZR ben­e­fited from a sig­nif­i­cant spike in in­come, mainly from in­creased gate tak­ings and broad­cast­ing rev­enue.”

NZR’s $257 mil­lion in earn­ings con­trasts with $162m in the 2016 fi­nan­cial year, while its $224m in ex­pen­di­ture is sig­nif­i­cantly higher than 2016’s $169m.

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