ORFU board may have to stand down

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Thu, 23 Feb 2012
Rugby | Otago | NZRU | ORFU
Steve Tew
Steve Tew
Speculation is mounting the entire Otago Rugby Football Union board will be asked to stand down on Monday night.

A New Zealand Rugby Union board meeting in Wellington today featured a lengthy discussion of Otago's problems.

The ORFU is technically insolvent, with negative equity of $2.2 million, and it will reveal a loss of several hundred thousand dollars on Monday night.

NZRU boss Steve Tew said Otago's situation was "extremely serious''.

While reluctant to say the ORFU board would have to stand down, he pointed out Otago was in a similar position to Southland, which got into strife last year and was lent money from the NZRU on the condition the board resign.

For more, see tomorrow's Otago Daily Times.

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A better replacement

Submitted by MikeStk on Thu, 23/02/2012 - 6:32pm.

Let's hope they will be replaced with a new board that not only really understand what it means to make more money than they spend, but will also honour their promise to raise $50m in private fundraising to pay their share of building the stadium - it will be good to finally see some actual ORFU fundraising events start to happen.

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