Daily Archives: June 20, 2009

NZRU goes for "10-team affair"

Four teams from the current Air New Zealand Cup are facing the axe…

### stuff.co.nz Last updated 17:54 20/06/2009
Rugby Heaven
NZ domestic rugby structure decided
By Duncan Johnstone

New Zealand’s premier domestic rugby championship will be reduced to a 10-team affair with two divisions operating below it. The New Zealand Rugby Union announced the changes on Saturday after meeting with the provinces in Wellington.
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All Black WIN

ODT Online’s second live blog from the All Black-France series…

### ODT Online Sat, 20 Jun 2009
All Blacks beat France 14-10
By Hayden Meikle – Dunedin

ALL BLACKS WIN.
It’s 14-10 after 80 sodden minutes at the Cake Tin. A well-deserved win for the All Blacks. But the French take home the Dave Gallaher Trophy and the memory of that wonderful win at Carisbrook.
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All Blacks coach Wayne Smith afterwards: “we did just enough”…

### stuff.co.nz Last updated 19:38 20/06/2009
Rugby Heaven
All Blacks win in the wet
By Marc Hinton

Crisis averted. The All Blacks have avoided the dreaded sweep as they hit back tonight to claim the second rugby test against France with a much-improved effort in the Wellington wet.
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### ODT Online Sat, 20 Jun 2009
Rugby: Improved All Blacks win arm wrestle

The All Blacks won the second test but lost the silverware after prevailing 14-10 over France in a titanic rugby arm wrestle here tonight. NZPA
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The All Blacks host Italy in Christchurch next Saturday while France plays Australia in Sydney.

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Confidence in DCC, joke…

### ODT Online Sat, 20 Jun 2009
Editorial: Subsidising rugby

Will the Dunedin City Council be able to surprise ratepayers and prove it negotiated a good deal in buying Carisbrook? Or will it emerge that the council has paid over the odds and granted largesse to the Otago Rugby Football Union?
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Stadium Lotto: $109 million to venues company

UPDATING

### ODT Online Sat, 20 Jun 2009
Stadium: council borrows $109m
By David Loughrey

The Dunedin City Council has begun borrowing $109 million to fund the Forsyth Barr Stadium, with $90 million of that figure locked in at an interest rate of 6.4%.
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### ODT Online Sat, 20/06/2009 – 11:24am.
Comment by Calvin Oaten on Stadium borrowing

Interesting that Athol Stephens says that investing $6.4 million at 6% for 20 years would realise $17.8 million. Correct, except that he forgets to mention that first he had to borrow the $6.4 million. Now, if that was borrowed from the same source as the $109 million at 6.4% then the end result would be negative $4.33 million. Not a good result, but on par with the likely outcome of the whole stadium package. It is seriously flawed, yet we repeatedly get told just how simple it all is. Just $66 per year per average ratepayer, “yeah right”.

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### ODT Online Sat, 20/06/2009 – 1:19pm.
Comment by Calvin Oaten on Dunedin City Council borrowing

“The Dunedin City Council has begun borrowing $109m to fund the Forsyth Barr Stadium, with $90m of that figure locked in at an interest rate of 6.4%.” This has already been done by DCHL before 31.12.08 as shown in their six monthly progress report.
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Question: Which set of figures is closer to the true cost of the stadium project… Are the city council figures easy to understand???

### ODT Online Sat, 20/06/2009 – 4:29pm.
Comment by farsighted on Add another $128 million

We’re now at $342 million all up. Land purchases “Guaranteed Maximum Price”. Purchase of Carisbrook. Interest on DCC debt More to come – demolition costs of Carisbrook, interest on the ORC debt, SH realignment. That $400 million projection is now well within reach.
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Rugby support down in Christchurch

Venues such as Hamilton and Dunedin looming as major threats to Christchurch to host other Tests…

### TVNZ News Published: 9:00PM Friday June 19, 2009
Christchurch under threat as Test venue
Source: NZPA

Christchurch’s status as a host of major rugby Tests is under threat because of poor ticket sales ahead of next week’s fixture against Italy. About 12,000 tickets have been sold for the city’s only All Blacks Test of the year, less than half the capacity of AMI Stadium, which is currently undergoing reconstruction.
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31,000 tickets have been sold for the second Test against France at Westpac Stadium on Saturday – that’s 4,000 short of capacity but ahead of what was budgeted for.

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