1 Jul 2009

New Zealand rugby union takes greater role in management of Highlanders

6:28 pm on 1 July 2009

The New Zealand rugby union's agreed to underwrite the financially troubled Highlanders franchise for the next two years as part of a restructuring package.

The NZRU and the franchise have agreed to a number of changes to the governance and operation of the Highlanders which will mean greater involvement of the union.

The changes have come about after a review of the franchise in the wake of financial problems over the past year and a projected financial shortfall for 2009-2010.

The Highlanders board will be restructured, with three independent directors appointed by the NZRU, one by the Dunedin City Council while three will be appointed by the provincial unions within the franchise.