Sunday, February 8, 2009

Carisbrook Sale Bailout For Otago Rugby

The agreed purchase of Carisbrook by the Dunedin City Council is unnecessary for the new Stadium, but it does get the Otago Rugby Football Union out of a financial bind. Otago Rugby has made substantial losses over recent years and this will enable it to repay it's debts.

But how much will it cost the City Council to cover the loss in operating Carisbrook and renting it to Otago Rugby?

And will the sale go ahead even if the new Stadium is not built?

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