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 Apr 2015 News
NZ News UK attended several ANZAC ceremonies in Auckland today. These photos were taken at the Northcote Community where the... more
24 Apr 2015 News
Anzac Day 'We will remember them' Anzac Day 2015 – Message from the Governor-General of New Zealand On 25 April every... more
24 Apr 2015 Business News
Article - BusinessDesk Mercer's CEO Shepherd, CFO Blathwayt quit the manufacturer By Suze Metherell April 24 (BusinessDesk) -... more
23 Apr 2015 Business News
Oracle-owned boatbuilder has had two government grants in three years April 23 (BusinessDesk) - Core Builders Composites,... more
25 Apr 2015 ANZAC
100 years after allied forces landed in Gallipoli, 25 April – ANZAC Day – has been commemorated in the UK officially for... more
24 Apr 2015 ANZAC
Tomorrow marks the 100th ANZAC Day, and if you are a Kiwi or Aussie far from home there are plenty of events on to enable you both to... more
21 Apr 2015 Property
Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to... more
14 Apr 2015 Property
April 14 (BusinessDesk) - New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting... more
23 Apr 2015 Migration
April 23 (BusinessDesk) - New Zealand migration hit a new annual record in March, as more students arrived from India and China and... more
2 Mar 2015 Migration
Prime Minister John Key says he is not aware of any suspected war criminals from the former Yugoslavia in New Zealand. The claim that... more
17 Apr 2015 Travel & Tourism
Air NZ's Houston service paves the way for partnership with United Airlines, analysts say April 17 (BusinessDesk) - Air New... more
17 Apr 2015 Travel & Tourism
Wellington Airport's revised fees are 'just within' acceptable range of returns, regulator says April 17 (BusinessDesk) -... more
25 Apr 2015 Equestrian
Kiwi eventer Tim Price and Wesko have delivered their best-ever dressage score to sit at the front of the field this morning at the... more
24 Apr 2015 Column
Gordon Campbell on the hair-pulling finale, and the real hero of Gallipoli Don’t know about you, but when hi-jinks and... more
14 Apr 2015 Opinion
Houston, there is clearly a problem with (a) the plunge in pass rates for University Entrance qualifications, which has been ... more
24 Apr 2015 Appointments
Fonterra reshuffles management team to speed up value-add strategy April 24 (BusinessDesk) - Fonterra Cooperative Group, the... more
18 Apr 2015 Recruitment
The He Toki ki te Mahi Apprenticeship Training Trust was launched by Prime Minister, the Rt Hon John Key at Rehua Marae in ... more