New Zealand Rugby chief executive Steve Tew was happy with his organisation's better-than-expected loss. New Zealand Rugby has posted a $1.9 million loss for 2018, but that was $1.4m better than the $3.3m loss it had budgeted for. NZR chief executive Steve Tew said it was something they expected to be able to overcome. READ MORE:* NZ Rugby boss Steve Tew vows to address dwindling playing numbers in schools game* New Zealand Rugby: 'We want New Zealanders to be proud of us'* Season long sabbaticals 'not impossible' for top All Blacks post World Cup"Part of it is driven by foreign exchange gains. Outgoing North Harbour Rugby Union chairman Shaun Nixon was elected to the NZR board to replace Steve Morris at the AGM on Wednesday, while Mark Robinson was reappointed by the Appointments Committee.

Source: Stuff April 17, 2019 02:26 UTC