Low loss caps off Rugby World Cup 30 May 2012
The organisers of Rugby World Cup 2011 (RWC 2011) have posted a tournament end loss 20 per cent better than forecast, capping off a successful event that exceeded all expectations.
Rugby New Zealand 2011 (RNZ 2011) today announced a loss of $31.3 million from staging the seventh Rugby World Cup which is $8 million lower than forecast.
"This is a very satisfying way to wrap up the tournament," said RNZ 2011 Chairman Brian Roche.
"Very few global sporting events ever come in on budget. RWC 2011 was an extremely challenging event to deliver, of a scale and complexity never staged in this country so to deliver a significantly better than expected result is an extraordinary achievement.
"We were resolute in our drive to contain costs and achieve our ticket sales target despite the challenging environment we found ourselves in so this result is a real tribute to the team at RNZ 2011."
Rugby World Cup Minister Murray McCully said the result capped off an already hugely successful event.
"Without a doubt, RWC 2011 will generate significant economic benefits for this country for many years to come.
"We welcomed 133,000 visitors to our shores and we were superb hosts for a great six week celebration. The huge television audiences and extensive media coverage generated by the tournament boosted our international profile.
"We also forged valuable new business partnerships and showed the world we are a smart and innovative economy capable of delivering major global events.
"We made the most of being in the world's spotlight, so this result really is the icing on the cake."
New Zealand Rugby Union (NZRU) Chairman Mike Eagle said the result was further proof of how well New Zealand had done in delivering on the promises made in Dublin in November 2005 when the NZRU won the bid to host RWC 2011.
"Few global sporting events have had to contend with so much. We were thrown the very worst of challenges - the global financial crisis coupled with the tragedy of the Canterbury earthquakes which forced us to shift seven matches less than six months from kick-off.
"Through it all our Stadium of Four Million stuck with us and turned the tournament into a really unifying experience. So to deliver it well under budget is truly amazing."
The NZRU invested $10 million in RNZ 2011 and $10 million in the redevelopment of Eden Park.
"From a rugby perspective, our investment in RWC 2011 is certainly paying off. We are seeing encouraging early signs that player registrations are up on last year and the strong gates and TV audiences we are seeing for Investec Super Rugby are partly a spin-off from the wonderful atmosphere and exciting rugby we saw last year."
IRB Chairman Bernard Lapasset said RWC 2011 was an exceptional event that furthered the profile of Rugby, New Zealand and the Rugby World Cup brand.
"Today's announcement further endorses the strong collaboration between Rugby World Cup Ltd, NZRU, RNZ 2011 and the New Zealand Government in delivering a world class tournament that showcased New Zealand on a global stage and continued the exceptional growth and development of Rugby worldwide.
"A partnership with national and local government is an important aspect of event delivery. New Zealand highlighted that through the significant economic returns for the host nation, the growth of major event expertise and experience, business to business opportunities and increases in Rugby engagement, Rugby World Cup is definitely a low-risk, high-return event for a host nation.
"We thank the Stadium of Four Million which New Zealand became in 2011 and the benchmark they set for RWC 2015 and RWC 2019".
•133,000 fans visited from over 100 countries
•1.35 million fans attended 48 matches
•Biggest ticketing event ever in New Zealand - 11 times the 2005 British & Irish Lions Tour
•Venues were at 87% capacity on average
•Global cumulative television audience of 3.9 billion
•Broadcast in 207 territories
•Screened live for the first time in USA
?98 per cent market share in New Zealand for RWC 2011 Final
?All-time record pay TV audience in Australia
?73 per cent of French population watched at least 15 minutes
25 Feb 2015 News
PM saddened at passing of Dame Thea Muldoon Prime Minister John Key today expressed his sadness at the passing of Dame Thea ... more
25 Feb 2015 News
A Bill to better protect children from sexual exploitation passed its second reading in Parliament last night. The... more
25 Feb 2015 Business News
By Suze Metherell Feb. 25 (BusinessDesk) - New Zealand shares rose to a record, led by Xero after it raised $147 million from two... more
25 Feb 2015 Business News
Article - BusinessDesk Tourism Holdings beats 1H guidance on reduced fleet, wider margins By Suze Metherell Feb. 25 ... more
25 Feb 2015 Lifestyle
Dunedin businesses have given their full support to the Otago Polytechnic Education Open 2015. The event will be taking place at... more
25 Feb 2015 Lifestyle
Surfbreak Protection Society Duke Kahanamoku – 100 years of Surfing in New Zealand Celebrations are to be held in New Brighton... more
25 Feb 2015 Property
Auckland inner-city height restrictions weighing on supply, RBNZ's Wheeler says Feb. 25 (BusinessDesk) - New Zealand's government... more
11 Feb 2015 Property
Article - BusinessDesk Feb. 11 (BusinessDesk) - New Zealand residential property sales rose in January from the same month last... more
30 Jan 2015 Migration
NZ migration surged to record in 2014, helped by robust economy Jan. 30 (BusinessDesk) - New Zealand migration surged to a... more
25 Feb 2015 Travel & Tourism
By Fiona Rotherham Feb. 25 (BusinessDesk) - The only cloud on Air New Zealand’s horizon in coming months will be yield ... more
25 Feb 2015 Sailing
Yachting New Zealand has named 15 campaigns in the 2015 NZL Sailing Team. All are chasing the ultimate goal of Olympic glory in... more
25 Feb 2015 Opinion
Gordon Campbell on whether New Zealand troops are the least of Islamic State’s problems Given that it has been ... more
24 Feb 2015 Opinion
Gordon Campbell on the drip-feeding of information about the Iraq deployment There are two ways of framing the story of our... more
20 Feb 2015 Appointments
Foreign Minister Murray McCully has named diplomat Billie Moore as New Zealand’s new Consul-General in Sydney. "Ms Moore will... more
19 Feb 2015 Recruitment
Tertiary Education, Skills and Employment Minister Steven Joyce says better-than-expected Better Public Services results mean the ... more
4 Feb 2015 Recruitment
The latest labour market data shows continuing strong employment growth with 80,000 more jobs added to the New Zealand economy in ... more