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New Zealand Rugby reports third straight year of losses, totaling $19.5M, but maintains $174.5M in reserves.
New Zealand Rugby (NZR) reported a NZ$19.5 million loss for 2024, marking its third consecutive financial deficit.
The loss is partly due to a decline in the value of its investments and strategic spending.
Despite the financial challenges, NZR's reserves remain at NZ$174.5 million, and it secured a new sponsorship with Toyota.
The organization is working on developing a more sustainable financial model.
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New Zealand Rugby reporta el tercer año consecutivo de pérdidas, totalizando $ 19.5 millones, pero mantiene $ 174.5 millones en reservas.