WELLINGTON: New Zealand Rugby has posted its first profit in four years with the announcement Thursday of a NZ$5.5 million (US$3.6 million) surplus for 2021.
The positive result came despite Covid-19 forcing a postponement of the Women’s World Cup, which was to be held in New Zealand, and the Rugby Championship Tests being moved to Australia because of border restrictions and lockdowns.
“We should reflect on 2021 with a sense of pride as we emerge from a tough period on sound financial footing,” chairman Stewart Mitchell told the New Zealand Rugby annual general…
