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Come on Rugby Lord, lighten up...who`s paying for this year`s Olympics in London ?Has the money been in an interest bearing savings account for the last 10 years ?
Tax payers pay for everything, get over it. The whole point is that we now know we can do it, so watch out for the spin offs...It was one hell of a party.
Posted 04:44 26th March 2012
We did well, all hunkie dorie. But we as tax payers will be paying for this for decades just for our rugby team to lift a trophy. Our tax is increasing year by year. I agree with statledwombat. The public should be thanked for the success.
Posted 22:28 24th March 2012
I guess we did ok after all...imagine that..
Posted 02:05 24th March 2012
The IRB extracts (extorts?) a tournament fee. That was $150m.
The IRB makes a $176m profit.
The tournament fee was paid for by the NZ Govt, using taxes from every NZ citizen and employer.
There's only 4.4m New Zealanders, of whom about 2m pay individual tax, and also 350,000 employers, who pay company tax. Of course everyone pays the GST - adults, children, pensioners, disabled, employers. NZ's total tax haul is $46.7 billion.
The IRB has obtained a not-insignificant percentage of NZ's annual tax take.
Also, the World Cup cost NZ more than just the $150m tournament fee. The Govt money diverted to the World Cup was:
To IRB, as already mentioned
- tournament fee $150m
Holding the tournament
- $20m NZ govt contribution to the bid, after the bid was won
- $29m direct govt spend eg Auckland fan facilities, dignitaries.
- $350m NZ Govt-led spend to upgrade facilities eg $190m on Eden Park.
This was revenue raised by the central government only. It doesn't include revenue-raising by local government through the rates bill.
For example, if you are an adult living in Dunedin you've been stung for a new stadium (paid for through your rates to the Council), bailout of the ORFU for their stadium decisions (paid for through your rates) and payment for the rugby world cup (paid for through your tax take to the government).
Bear in mind that NZ has about 2.1m families, and 350,000 active employers. It's not a lot, and they've coughed up $550m between them. Say, $225 extracted from each family/employer. Excluding rates.
You'd think that rather than boasting about their successful tournament, the IRB would be writing to each New Zealand family and employer, thanking them for their contribution to the IRB's coffers.
To really get on side with them, I suggest the IRB include in each letter a photo of Richie McCaw.
Posted 10:59 23rd March 2012
Just goes to show that time zones don't matter squat!
Posted 09:37 23rd March 2012
@NHSaints - That was about sending NZ teams to future WC's & is a totably justifiable problem.
Posted 06:29 23rd March 2012
This article is for all the haters that came on here to rip into NZ's ability to hold the tournament before it even started.
Posted 00:20 23rd March 2012
Jamaica have a rugby union team? That's news to me...anyway, despite all the complaints that nz made about how they were going to make massive losses it would appear the growing status of rugby has worked wonders for it...here's to a successful RWC 2015.
Posted 21:30 22nd March 2012