The New Zealand Federation (NZR) at its Annual General Meeting announced a profit of NZD 5.5 million, or approximately € 3.4 million, for 2021. c. This is the first time since 2017 that the body has submitted a positive budget. The next three years have already ended in financial losses. The year 2020, which saw the spread of the Covid-19 pandemic (losses of 20 million euros), prompted the union to lay off half of its 180 employees.
The development of Covid-19 in New Zealand in 2021 also restricted meetings with the public and led to the Women’s World Cup being postponed. But revenue continued to rise from NZ$139 million to NZ$189 million, primarily driven by increased broadcast and sponsorship revenue.
During the same general meeting, an agreement to sell a minority stake in New Zealand’s business activities to the American company Silver Lake was not voted on. This must first be ratified by the various unions in the provinces of New Zealand. The latter asked for more time to examine the details of the sale, while the players’ union agreed last February.
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