Why Highlanders posted a profit

Thu, 20 Dec 2012 11:47
Large highlanders general Large jamie joseph highlanders 63 Large hosea gear 630

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
Fri, 24 March 2017
Crusaders v Force 06h35 Christchurch
Rebels v Waratahs 08h45 Melbourne
Glasgow Warriors v Connacht 17h15 Scotstoun Stadium
Scarlets v Edinburgh 19h05 Parc y Scarlets
Treviso v Ospreys 19h35 Stadio Monigo
Dragons v Ulster 19h35 Rodney Parade
Sat, 25 March 2017
Blues v Bulls 06h35 Eden Park
Brumbies v Highlanders 08h45 Canberra
Sunwolves v Stormers 10h55 Singapore
Kings v Lions 13h05 Nelson Mandela Bay Stadium
Zebre v Munster 14h00 Stadio Sergio Lanfranchi
Harlequins v Newcastle Falcons 15h00 Twickenham Stoop
Saracens v Bath 15h00 Allianz Park
Leinster v Cardiff Blues 15h00 RDS Arena
Northampton Saints v Leicester Tigers 15h00 Franklin's Gardens
Exeter Chiefs v Sale Sharks 15h00 Sandy Park
Cheetahs v Sharks 15h15 Bloemfontein
Treviso v Ospreys 19h35 Stadio Monigo
Jaguares v Reds 21h40 Buenos Aires
Sun, 26 March 2017
Wasps v Worcester Warriors 14h30 Ricoh Arena
Bristol v Gloucester 15h00 Ashton Gate
Mon, 27 March 2017
NWU-Pukke v UP-Tuks 14h45 Potchefstroom
Fort Hare v UKZN-Impi 16h30 Davidson Stadium
Wits v UCT-Ikeys 16h30 Johannesburg
NMMU-Madibaz v CUT-Ixias 16h30 Bloemfontein
UWC v WSU 16h30 Cape Town
Maties v UJ 17h00 Stellenbosch
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 4 2 0 2 10
Reds 4 1 0 3 6
Force 3 1 0 2 5
Waratahs 4 1 0 3 4
Rebels 3 0 0 3 0
Pool NZ
Team P W D L Pts
Chiefs 4 4 0 0 19
Crusaders 4 4 0 0 16
Hurricanes 4 3 0 1 15
Blues 4 1 0 3 6
Highlanders 4 1 0 3 5
Pool SA1
Team P W D L Pts
Stormers 3 3 0 0 13
Cheetahs 4 2 0 2 9
Bulls 3 1 0 2 5
Sunwolves 4 0 0 4 1
Pool SA2
Team P W D L Pts
Jaguares 4 3 0 1 14
Lions 4 3 0 1 14
Sharks 4 3 0 1 13
Kings 4 1 0 3 5