Shaun Johnson lines up a penalty in the Warriors versus Cowboys, NRL Rugby League match at Mt Smart Stadium, Auckland, on 15 April 2023. Photo: Photosport / Andrew Cornaga
New Zealand Rugby reported a financial loss of $47 million when it opened the books at its annual meeting in Wellington on Thursday.
While commercial revenue reached a record high of $271 million, expenditure swelled to $318 million.
New Zealand Rugby's chief financial officer, Jo Perez, spoke to Ingrid Hipkiss.
