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New Zealand Rugby has posted a loss of $19.5 million for 2024, despite also bringing in record income.
The result was announced during today's AGM in Wellington - and is New Zealand Rugby's third consecutive deficit following a $8.9 million loss in 2023 and a $47 million loss in 2022.
The national body recorded income of $285 million, in what it describes as being a 'near break-even result', highlighted by growth in commercial revenue.
NZ Rugby chief executive Mark Robinson says there's been significant investment in all levels of the game.
"The investment has gone into record levels of investment into the women and girls' game, to the work we're doing in content and digital strategy and game development - we've never had higher levels of investment in the community game."
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