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:
Manawatu thump Southland to top table20.Sep.2014
Magpies win second Shield defence despite Steamers guts20.Sep.2014
Auckland join Otago at head of women's table20.Sep.2014
New Zealand Heartland Under 19 squad announced19.Sep.2014
Willie Ripia the latest Lions first five-eighth19.Sep.2014
Prince Harry gets behind the Rugby World Cup19.Sep.2014