NZRU concerned by overspending
January 2, 2011
Southland held the Ranfurly Shield for much of 2010 but are now in a grave financial situation © Getty Images
New Zealand Rugby Union chief executive Steve Tew has revealed that Southland is not the only provincial outfit currently in financial trouble.
It emerged on Saturday that Southland has debts of over $700,000. Given that the team enjoyed a reasonably successful 2010 on the field, the scale of the union's financial problems caused has generated much surprise. However, Tew explained that a number of New Zealand's provinces are living beyond their means.
"It's not rocket science. You have to earn more than you spend or you don't survive," he is quoted as saying by the New Zealand Herald.
"At the end of last year, we made no secret that a significant number of unions are finding it very difficult to bank the income they require to sustain the business model they have put in place. Some are taking longer to adjust to the new environment, longer than they should have, but they will get there.
"There are two or three others who are on close watch by the NZRU and they will have to be very mindful of how they get through the next couple of months and how they set themselves up for the next ITM Cup."
© ESPN Sports Media Ltd.
The latest Week in Pictures brings you a selection of the best snaps from around the rugby world with scantily clad ladies, O'Driscoll and snow all featuring
"If I miss the first kick of the match, it shouldn't have any impact on the second. They are different entities." Tom Hamilton talks to Northampton Saints' Stephen Myler
It's time for those running Welsh rugby to stop trying to prevent its players heading to France and to start planning a future without them, writes Martin Williamson
Paul Eddison explains how the French sold English clubs down the river and why their domestic game will go from strength to strength