Samoa loses $1.5million in hosting All Blacks

The good news is that the All Blacks have been to Samoa, the nation enjoyed the party and the Manu Samoa gave them a mighty good run for their money.

The bad news is that in the aftermath, the cash-strapped Samoa Rugby Union (S.R.U) is again staring down the barrel of a $1.5million (US$579,000) loss.

The loss was confirmed by the Chairman of S.R.U and Prime Minister, Tuilaepa Sa’ilele Malielegaoi, during a media conference.

According to the Prime Minister, the historical match cost the Union $3.4million (US$1.3 million.

“$3.4 million was spent to host the All Blacks,” he said. “The money was spent on preparations, the cost of everything and allowances.

“The bulk of the money went towards the players’ allowances.”

The Union collected $1.9million (US$733,000) in revenue.

“So there was a loss of $1.5m but that’s the reality faced by the Union. The truth is that the Union needs at least $10m every year for its international fixtures,” said Tuilaepa.

Asked if the Union received any money from companies who sold Manu Samoa merchandise, Tuilaepa said all that money adds up to $1.9m.

“It doesn't cover our expenses, especially the extended camp for the players. Food, allowances, transport…it’s all money.”

The loss, Tuilaepa said, means the Union will have to find somewhere to plug the hole.

“That’s why the union works hard to raise funds to offset the losses.

Which means they will have to resort to government bodies for help.”

Among those government bodies is the Samoa International Finance Authority, which has been a major sponsor of Samoan rugby for the past few years.

On Thursday, Tuilaepa said the Union hosted its sponsors and supporters.

During the meeting, the Prime Minister said the stakeholders were informed about the Union’s vision and longterm plans. 

Source: 

PACNEW