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Moana Pasifika $8 million in debt, report finds
More than $8 million, that's how much the Super Rugby franchise Moana Pasifika is in debt. The first liquidators report shows $4.3 million is owed to secured creditors. That includes a $2.7 million loan from Sport NZ, a crown entity. Approximately $3.9 million is owed to unsecured creditors. Players are among those owed money. Boss of the Rugby Players Association, Rob Nichol spoke to Lisa Owen.
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By RNZMore than $8 million, that's how much the Super Rugby franchise Moana Pasifika is in debt. The first liquidators report shows $4.3 million is owed to secured creditors. That includes a $2.7 million loan from Sport NZ, a crown entity. Approximately $3.9 million is owed to unsecured creditors. Players are among those owed money. Boss of the Rugby Players Association, Rob Nichol spoke to Lisa Owen.