Concerns Rise Over Public Funding for Moana Pasifika Rugby Franchise Amid Liquidation Talks
Christopher Luxon and David Seymour wary as Winston Peters explores saving Moana Pasifika rugby franchise
Image: Nzherald
National and Act parties are cautious about using public funds to support the Moana Pasifika rugby franchise, now in liquidation. Talks led by Winston Peters with Pacific leaders aim to explore future options, while the Ministry of Foreign Affairs engages with New Zealand Rugby. The franchise owes $2.75 million of a $3 million Crown loan.
- 01Moana Pasifika rugby franchise has entered liquidation.
- 02Winston Peters is discussing the franchise's future with Pacific leaders.
- 03The franchise owes $2.75 million of a $3 million loan from the Crown.
- 04Sport Minister Mark Mitchell has sought advice on recovering the loan.
- 05A proposal for financial support may involve both public and private funding.
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The Moana Pasifika rugby franchise has been placed in liquidation, prompting caution from the National and Act parties regarding further public funding. Foreign Minister Winston Peters has engaged in discussions with Pacific leaders about the franchise's future, leading to urgent talks between Ministry of Foreign Affairs officials and New Zealand Rugby. Sport Minister Mark Mitchell confirmed he has requested advice on recovering the outstanding $2.75 million from a $3 million Crown loan to the franchise. Peters hinted at potential 'good news' and a proposal that could involve both public and private financial support. An initial report from the liquidator is expected this week, detailing the franchise's debts, including the Crown loan.
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The liquidation of Moana Pasifika could affect local rugby communities and stakeholders involved in the franchise.
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