Government subsidies give ORFU half-million-dollar profit - News Summed Up

Government subsidies give ORFU half-million-dollar profit


The Otago Rugby Football Union had logged a profit of more than half a million dollars but says it was only able to because of government support and sacrifices made by staff and players. The union made a profit of $527,349 but it was facing a loss of $379,000 before it received assistance from the Government. Funding from New Zealand Rugby, commercial, trust funding and gate revenue all dropped. The board made cautious decisions throughout last year so the union maintained sufficient resources to deliver rugby should it return. The union made a loss of $115,098 in 2019 and a profit of $131,598 in 2018.


Source: Otago Daily Times March 17, 2021 15:32 UTC



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