Wellington Rugby continues remarkable turnaround
wrfu.co.nz 10 Apr 2013 Getty Images
This ends an exciting year for Wellington Rugby as Chairman, Tony Duffin, explains.
“2012 was a year full of highlights for Wellington Rugby and now we can top off the year with recording a successive profit,” Duffin said.
“The securing of the Hurricanes licence and obtaining the 50% cornerstone share in the franchise was a positive move forward for rugby in the Capital.”
The balance sheet is healthy with the Union continuing to be debt free.
Wellington Rugby CEO, James Te Puni added “Considering the current economic climate and the pressures faced in rugby, it is good to achieve this result and remain debt free. A sound financial result sits alongside an 8% increase in community playing numbers and improvement on the pitch for the Ricoh Wellington Lions.”
“The increase in profit also shows the commitment made to meet financial targets and reflects Wellington Rugby’s strong focus on sustainability.”
Most popular News:
Pressure mounts at first five for All Blacks23.Nov.2014
Awards, accolades crown All Blacks year23.Nov.2014
Retallick World Rugby Player of the Year 201423.Nov.2014
All Blacks crush Welsh defiance23.Nov.2014
Pasifika Aotearoa Cup for Women’s Sevens this weekend22.Nov.2014
Konnichiwa and Hola! Two new teams confirmed for 2016 Investec Super Rugby21.Nov.2014