Highlanders Post Profit

The Highlanders have today announced a profit of $71,000 for the financial year ended 31 August 2012. 

Highlanders Chairman Ross Laidlaw commented ‘our year end result is a very positive outcome for the Highlanders.  The separation from the Otago Rugby Football Union in 2010, and the work done over the past two years by the board, staff, management and players has been significant and this positive result was expected.  We are now on track to deliver under our independent business model’.

Commercially, the surplus has been generated by strong crowds (on average 17, 000 per home match), increased corporate support from the business community, a credible team and a new stadium.

‘The commercial and public support from the community has been an important factor in our profitable result this year, and I would like to thank our commercial partners and the rugby public for getting in behind our team’ added Laidlaw.

‘The result is further pleasing, as we have made a significant investment in a management structure and team, thereby positioning the team as title contenders’.

‘The Board is confident this result, and the turnaround of the franchise, is the beginning of a bright future for the Highlanders based in Dunedin. There is still a good deal of hard work required, however, we believe the Highlanders have a sustainable business model based out of Forsyth Barr Stadium’ commented Laidlaw.

The Highlanders conclude their pre-season training for the year tomorrow in Dunedin.  They return on Monday 7 January to continue preparations for the 2013 Investec Super rugby competition.  The first Dunedin home game is on Friday 22 February 2013 at Forsyth Barr Stadium against the 2012 defending champions the Chiefs.

.