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Malcolm Gillies: Hurricanes new board chair on purchasing a 50% stake in the club
Published 3 months ago
Description
The new Hurricanes board chair is determined to turn around the books of the struggling Super Rugby franchise.
Developer Malcolm Gillies has acquired the 50% stake in the club, offloaded by the Wellington Rugby Union to balance its own books.
The franchise has collectively lost $4 million in the past three seasons.
Gillies told Heather du Plessis Allan it's a good investment.
He says there’s a lot of untapped potential, but there’s certainly a lot of things to do.
Tony Philp, who recently departed as the club's general manager of rugby, will assume the interim CEO role.
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