The Hurricanes have revealed a $2 million loss is projected for the current financial year, after announcing a new leadership structure. 

Local developer Malcolm Gillies has stepped in to buy the Wellington Rugby Union's 50% stake in the Super Rugby franchise. 

NZ Rugby will also take a minority shareholding and bolster the 'Canes with loans. 

Interim CEO Tony Philp told Andrew Dickens rugby’s had a difficult few years, but there’s certainly opportunities at the club to settle the finances moving forward. 

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