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flag New Zealand Rugby reports third straight year of losses, totaling $19.5M, but maintains $174.5M in reserves.

flag New Zealand Rugby (NZR) reported a NZ$19.5 million loss for 2024, marking its third consecutive financial deficit. flag The loss is partly due to a decline in the value of its investments and strategic spending. flag Despite the financial challenges, NZR's reserves remain at NZ$174.5 million, and it secured a new sponsorship with Toyota. flag The organization is working on developing a more sustainable financial model.

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