Earlier yesterday, DVML chief executive David Davies issued a statement confirming revenue of $114,808 had been generated by the match, with a profit of $21,412 once costs of $93,396 were covered.
### ODT Online Tue, 24 Jul 2012
North-South game profit falls short
By Chris Morris
Dunedin ratepayers are on the right side of the scoreboard, despite receiving just a fraction of what had been hoped for from last month’s North-South charity rugby clash, Mayor Dave Cull insists. It was confirmed yesterday the game at Forsyth Barr Stadium had generated a profit of just $21,412, after teams shorn of All Blacks and other top players drew a crowd of 7427 fans. The profit was much less than the $200,000 hoped for by Mr Cull when details of the match were unveiled in March, as part of the rescue package designed to save the Otago Rugby Football Union.
23.7.12 DCC media release
Subject: LGOIMA request: Full costs of North South game
Date: Tue, 24 Jul 2012 08:45:21 +1200
68 Russell St
Dunedin Central 9016
Tuesday 24th July 2012
It was reported in today’s ODT that the North South game generated a revenue of $114,808, with a profit of $21,412 once costs of $93,396 were covered. It is also reported that:
“Match costs included about $13,000 spent on advertising and promotion by DVML, but staff costs were not part of the bill and nor was any venue hire agreement, it was confirmed yesterday.”
It is normal business practice to include ALL costs before declaring a profit.
As this was a fundraising match, I do not anticipate any “commercial sensitivity” excuses for not disclosing all the costs.
I, therefore, request a full breakdown of ALL the costs, including the staff costs and normal cost for hiring the venue.
Posted by Elizabeth Kerr