Why Highlanders posted a profit

Thu, 20 Dec 2012 11:47
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The ability to rid themselves of the financial burden that is Otago allowed the Highlanders to move into the black.

The ability to rid themselves of the financial burden that is Otago allowed the Highlanders to move into the black.

The Highlanders on Thursday announced a profit of NZ$71,000 for the financial year ended August 31.

Highlanders Chairman Ross Laidlaw described the year end result as a "very positive" outcome for the franchise.

"The separation from the Otago Rugby Football Union in 2010, and the work done over the past two years by the board, staff, management and players have been significant and this positive result was expected," Laidlaw said.

"We are now on track to deliver under our independent business model."

Commercially, the surplus has been generated by strong crowds (on average 17, 000 per home match), increased corporate support from the business community, a credible team and a new stadium.

"The commercial and public support from the community has been an important factor in our profitable result this year, and I would like to thank our commercial partners and the rugby public for getting in behind our team," added Laidlaw.

"The result is further pleasing, as we have made a significant investment in a management structure and team, thereby positioning the team as title contenders.

"The Board is confident this result, and the turnaround of the franchise, is the beginning of a bright future for the Highlanders based in Dunedin.

"There is still a good deal of hard work required, however, we believe the Highlanders have a sustainable business model based out of Forsyth Barr Stadium," commented Laidlaw.

The Highlanders conclude their pre-season training for the year Friday in Dunedin.

They return on Monday, January 7 to continue preparations for the Super rugby competition.

The first home game, in Dunedin, is on Friday, February 22 against the defending champion Chiefs.

There are currently no matches being played
FIXTURE GMT VENUE
Sat, 27 May 2017
Sunwolves v Cheetahs 05h15 Tokyo
Highlanders v Waratahs 07h35 Dunedin
Rebels v Crusaders 09h45 Melbourne
Bulls v Hurricanes 13h05 Loftus Versfeld
Wasps v Exeter Chiefs 13h30 London
Sharks v Stormers 15h15 Kings Park
Munster v Scarlets 17h15 Dublin
Jaguares v Brumbies 21h40 Buenos Aires
Sun, 28 May 2017
Lions v Kings 12h30 Ellis Park Stadium
Wed, 31 May 2017
New Zealand U20 v Scotland U20 07h00 AIA Arena
England U20 v Samoa U20 07h00 Tbilisi
South Africa U20 v France U20 09h30 Tbilisi
Ireland U20 v Italy U20 09h30 AIA Arena
Argentina U20 v Georgia U20 12h00 Tbilisi
Australia U20 v Wales U20 14h30 Tbilisi
Fri, 02 June 2017
Blues v Reds 07h35 Auckland
RESULT SCORE
Fri, 26 May 2017
Reds v Force 26 | 40
Blues v Chiefs 16 | 16
Sun, 21 May 2017
Waratahs v Rebels 50 | 23
Sat, 20 May 2017
Kings v Brumbies 10 | 19
Munster v Ospreys 23 | 3
Wasps v Leicester Tigers 21 | 20
Lions v Bulls 51 | 14
Exeter Chiefs v Saracens 18 | 16
Sunwolves v Sharks 17 | 38
Force v Highlanders 6 | 55
Hurricanes v Cheetahs 61 | 7
Fri, 19 May 2017
Leinster v Scarlets 15 | 27
Stormers v Blues 30 | 22
Chiefs v Crusaders 24 | 31
Sat, 13 May 2017
Jaguares v Force 6 | 16
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 11 4 0 7 23
Waratahs 11 4 0 7 19
Force 12 4 0 8 17
Reds 12 3 0 9 16
Rebels 11 1 1 9 8
Pool NZ
Team P W D L Pts
Crusaders 12 12 0 0 54
Chiefs 12 9 1 2 45
Hurricanes 11 9 0 2 43
Highlanders 12 9 0 3 41
Blues 13 6 1 6 33
Pool SA1
Team P W D L Pts
Stormers 11 7 0 4 30
Bulls 11 3 0 8 15
Cheetahs 12 2 0 10 11
Sunwolves 11 1 0 10 7
Pool SA2
Team P W D L Pts
Lions 12 11 0 1 51
Sharks 12 8 1 3 38
Jaguares 11 5 0 6 24
Kings 11 4 0 7 19