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
Fri, 27 April 2018
Hurricanes v Sunwolves 07h35 Wellington
Stormers v Rebels 13h00 Newlands
Leicester Tigers v Newcastle Falcons 18h45 Welford Road
Sat, 28 April 2018
Reds v Lions 05h05 Suncorp Stadium
Blues v Jaguares 07h35 Eden Park
Brumbies v Crusaders 09h45 Canberra
Kings v Cheetahs 13h00 Nelson Mandela Bay Stadium
Exeter Chiefs v Sale Sharks 14h00 Sandy Park
Worcester Warriors v Harlequins 14h00 Sixways
Gloucester v Bath 14h00 Kingsholm
Connacht v Leinster 14h05 Sportsground
Dragons v Scarlets 14h05 Rodney Parade
Bulls v Highlanders 15h15 Loftus Versfeld
Treviso v Zebre 16h00 Stadio Monigo
Cardiff Blues v Ospreys 16h35 Cardiff Arms Park
Munster v Ulster 16h35 Thomond Park
Edinburgh v Glasgow Warriors 18h35 Myreside
Sun, 29 April 2018
London Irish v Saracens 14h00 Madejski Stadium
Wasps v Northampton Saints 14h00 Ricoh Arena
RESULT SCORE
Sun, 22 April 2018
Racing Metro v Munster 27 | 22
Brumbies v Jaguares 20 | 25
Sat, 21 April 2018
Ulster v Glasgow Warriors 36 | 15
Zebre v Ospreys 37 | 14
Sharks v Stormers 24 | 17
Leinster v Scarlets 38 | 16
Bulls v Rebels 28 | 10
Reds v Chiefs 12 | 36
Crusaders v Sunwolves 33 | 11
Fri, 20 April 2018
Waratahs v Lions 0 | 29
Blues v Highlanders 16 | 34
Sun, 15 April 2018
Saracens v Bath 41 | 6
London Irish v Exeter Chiefs 5 | 45
Sat, 14 April 2018
Leinster v Treviso 15 | 17
Kings v Cardiff Blues 12 | 45
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Waratahs 8 5 1 2 24
Rebels 87 4 0 4 21
Brumbies 8 3 0 5 15
Reds 8 3 0 5 13
Sunwolves 8 0 0 8 2
Pool NZ
Team P W D L Pts
Crusaders 8 6 0 2 29
Hurricanes 7 6 0 1 27
Chiefs 8 6 0 2 26
Highlanders 7 5 0 2 24
Blues 8 2 0 6 12
Pool SA
Team P W D L Pts
Lions 9 6 0 3 30
Bulls 8 4 0 4 19
Sharks 9 3 1 5 18
Jaguares 9 4 0 5 16
Stormers 9 3 0 6 14