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".

Tournament facts

•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

Add a comment

Bookmark and Share

News

Maori King's son back before court

20 Aug 2014 News
The son of the Maori King will be back before the court next week. Last month, Korotangi Paki, 19, was let off charges of burglary,... more

Shark finning to be banned from 1 October

20 Aug 2014 News
A ban on the finning of all shark species within New Zealand waters will take effect from 1 October this year, Conservation ... more

Business

Airways sees 27% gain in 2015 profit, misses 2014 target

20 Aug 2014 Business News
By Tina Morrison Aug. 20 (BusinessDesk) - Airways Corp. of New Zealand expects to boost profit 27 percent this year, after missing... more

Landcorp cuts FY15 earnings guidance on lower dairy payout

20 Aug 2014 Business News
By Paul McBeth Aug. 20 (BusinessDesk) - Landcorp Farming, the state-owned commercial farmer, slashed guidance for 2015 earnings... more

Living

Adventurer wins prestigious University of Waikato award

20 Aug 2014 Entertainment
Adventurer, management consultant and motivational speaker Jamie Fitzgerald will receive a Distinguished Alumni Award from the... more

Weta Workshop & Roxy Cinema Exclusive WOAP Event

20 Aug 2014 Entertainment
CoCo at The Roxy unwraps the art of food in film Wellington’s iconic The Roxy Cinema is turning into a movie set next week as... more

Property

House sales down as winter cools market - REINZ

14 Aug 2014 Property
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000... more

NZ property values rise at slowest annual pace in 13 months

7 Aug 2014 Property By Paul McBeth
Aug. 7 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 13 months in July as rising interest rates,... more

Migration

Who's living next door to you?

20 Aug 2014 Migration
Statistics NZ puts out detailed data on different ethnic groups, down to the 108 people from the Isle of Man. Did you know there are... more

NZ population growth speeds up

14 Aug 2014 Migration
New Zealand's climb to 4.5 million people has been faster in the past year than it has in any other year in the past decade,... more

Travel

Auckland 10th most liveable city - again

19 Aug 2014 Travel & Tourism
Auckland has again been ranked the tenth most liveable city in the world. The Economist Intelligence Unit (EIU) has released its... more

Air NZ Dreamliner to be put on show

15 Aug 2014 Travel & Tourism
An Air New Zealand Dreamliner is to be put on show at a famous air show next week. The Boeing 787-9 aircraft will be exhibited to... more

Sport

Four Nations set stage for NZ teams

20 Aug 2014 Rugby League
This year's Rugby League Four Nations will provide the catalyst for five New Zealand representative sides - not just the NZ Kiwis -... more

Commonwealth Games Head of Sport joins World Masters Games

20 Aug 2014 Sport
  From Glasgow to Auckland is the well-travelled route taken by Australian Greg Warnecke, announced today as the General... more

Columns

Martin Doyle Cartoon: Doing Justice to the Election

19 Aug 2014 Opinion
Opinion - Martin Doyle   Martin Doyle Cartoon: Doing Justice to the Election Given the dirty politics that have been exposed in... more

Gordon Campbell on no more Mr Nice Guy

19 Aug 2014 Column
Column - Gordon Campbell   Gordon Campbell on no more Mr Nice Guy by Gordon Campbell When future historians seek to identify... more

Kiwi Success

The duo behind NZ's hottest new label

20 Aug 2014 People
We're expecting big things from Harman Grubisa, the new label from Auckland-based friends Madeleine Harman (right) and Jessica... more

Victoria announces new strategic appointments

11 Aug 2014 Appointments
Victoria University of Wellington has announced the appointment of New Zealand’s first Provost, Professor Neil... more

Recruitment

On track to surplus, more jobs, higher incomes

19 Aug 2014 Recruitment
New Zealand is on track to Budget surplus this year, backed by good growth, more jobs and higher incomes under the ... more

The Right To Work: Young New Zealanders

18 Aug 2014 Recruitment
Getting young people into work is about preparing them for work and ensuring they have ongoing support: sustainable youth employment... more