### stuff.co.nz Last updated 20:18 27/02/2012
Otago rugby union heading into liquidation
By Mike Houlahan – Fairfax NZ News
With debts of $2.35 million, and a loss from the last financial year of $862,000, the decision was made at a press conference in Dunedin tonight, with NZRU CEO Steve Tew and chairman Mike Eagle in attendance. The 126-year-old union, which has not held the Ranfurly Shield since 1957 or won the National Provincial Championship since 1998, will cease trading by Friday. The New Zealand Rugby Union (NZRU) is taking immediate steps to support community rugby across the Otago region. “We are stepping in to support community rugby and all the amateur players, volunteers, administrators, and others who have a stake in the game,” said NZRU chief executive Steve Tew. Otago has a long and proud rugby history and the union has played a vital role in the rugby community for 131 years so this is a sad day.
Read more + Q&A
What does this situation mean for Forsyth Barr Stadium? (via Stuff)
The Highlanders still intend to play at the stadium and today’s events do not impact on that. The Highlanders will host their first home game for the season this weekend. Our desire is for a team from Otago to participate in the ITM Cup, but it is too early to discuss what will happen in that regard. Any issues relating to the financial impact on the stadium should a representative team from Otago not play in the ITM Cup are for the stadium owners to comment on.
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