World cup faces €21m loss
Despite strong interest in next year's Rugby World Cup in New Zealand, chief executive Martin Snedden is still predicting a sizeable loss for Rugby New Zealand 2011 Ltd.
The tournament's organisers -- a joint venture between the New Zealand RU and the government -- originally estimated a loss of €16m, but when ticket-sale expectations were downgraded, it rose by a further €5m as the only income RNZ 2011 receives is from ticket sales.
Now with 85,000 match tickets sold as part of official travel packages and 50,000 fans from more than 100 countries pre-registering for venue and team pool packs, which went on global sale yesterday, RNZ 2011 boss Snedden remains optimistic that the €21m figure will not rise further.
The applications for venue and pool packs close on Friday, May 21 with individual match tickets on sale later this year. A ballot system will be used for tickets to the semi-finals and final, which will all be played at Auckland's revamped Eden Park.