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Rugby World Cup Posts Lower-Than-Forecast $23.8 Million Loss

May 30 (Bloomberg) -- Organizers of last year’s Rugby World Cup in New Zealand said they made a lower-than-forecast loss of NZ$31.3 million ($23.8 million) from staging the 20-team event.

The loss from hosting the seventh edition of rugby’s four-yearly championship was NZ$8 million less then previously forecast, Rugby New Zealand 2011 Ltd., the joint venture between the New Zealand Government and its national rugby union, said today in an e-mailed statement.

“Very few global sporting events ever come in on budget,” RNZ 2011 Chairman Brian Roche said. “RWC 2011 was an extremely challenging event to deliver, of a scale and complexity never staged in this country so to deliver a significantly better than expected result is an extraordinary achievement.”

The six-week tournament, which culminated in a victory for the All Blacks, attracted about 133,000 visitors from more than 100 countries to New Zealand and a cumulative global television audience of 3.9 billion, RNZ 2011 said.

To contact the editor responsible for this story: Dan Baynes at dbaynes@bloomberg.net

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