Wellington Phoenix informed various representatives from New Zealand Sport, including Steve Tew, Chief Executive Officer for New Zealand Rugby, that they faced collapse unless they received financial assistance.
So the A-League Football Club received the second bail-out they’ve required in the last 10 years. The first rescue mission was accomplished by a wunch of wealthy bankers in 2011 and the second saw the team securing NZ$950 000 of taxpayer money to keep it afloat.
This is part of the NZ$4.6 million spend by NZ Sport, the first releases of capital from the Sport Recovery Package worth NZ$265 million announced in May as part of Budget 2020.
The National Rugby League’s New Zealand Warriors got NZ$200 000, Netball New Zealand NZ$2.2 million so its ANZ Premiership could be relaunched, and NZR NZ$1.25 million to help with Super Rugby Aotearoa.
David Dome, General Manager for The Phoenix, released a statement saying that without this kind of support for professional Football, the sport could be lost indefinitely. Chief Executive Officer for Sport NZ Peter Miskimmin reported that The Phoenix painted a very grim picture in April. This was when Tew met with the club after being contracted to assess how much money each sport would be getting.
Miskimmin said that the risk to Kiwis and The Phoenix was that if they did end up bowing out, they would have to forfeit their A-League license. This would then serve as a pretty serious barrier to any of our teams getting back into the country’s primary competitions for this sport.
| # | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Ladbrokes |  | 5/5 | 100% Match up to $250 NZD | Bet now Review |
| 2 |  | Palmerbet | | 4.9/5 | 100% Match | Bet now |
More About Trent Wilson
Trent Wilson is OnlineBetting.nz’s resident sports news expert. He draws on his extensive sporting knowledge, his qualification in sports management and his passion for betting to provide the latest, most up to date information on sporting events in New Zealand and across the globe. Trent is a veritable treasure trove of sports information and has been betting online for several years. He prides himself in keeping his readers informed, and in always offering an unbiased standpoint that reflects exactly what’s going on in the sports world.
View Posts - Visit WebsiteYou May Also Like:
NZ Rugby Mourning The Death Of Sean Wainui
New Zealand Rugby has described the sudden passing of Chiefs and All Blacks player Sean Wainui as a dark day for the game. Wainui died in a car crash early on Monday morning. According to a statement issued the Bay of Plenty police department, the crash at McLaren Falls had ….
Argentina Coach Unhappy Over Photo Exclusion
Argentina head coach Mario Ledesma on Saturday voiced extreme unhappiness on behalf of his team after the Argentinian Rugby Championship side got left out of the captain’s photoshoot in Townsville. Ledesma in a post-game conference delivered an unexpected message: one of reacting to a situation he said he deemed disrespectful. ….
Clarke In No Hurry For All Blacks Return
Caleb Clarke’s immediate plans for the future don’t involve re-joining the All Blacks – at least not soon. Instead, he’ll be returning to a 15-man Auckland backline on the weekend, albeit not to play. Despite having been named as part of the All Blacks Sevens team that won silver in ….
Wallabies Changes for Rugby Championship Opener
Dave Rennie has made some changes to the Wallabies lineup. This is as everyone readies for the Rugby Championship opener against the All Blacks at Eden Park on August 14, 2021. He’s decided that his young backline could do with some experience and added Matt To’omua. The 31-year old player ….
AB Coach Ian Foster A Frustrated Figure
New Zealand coach Ian Foster says the lack of creative solutions available to sports teams looking to enter the country while the global health crisis drags on is nothing short of lamentable. The All Blacks coach described the situation as an ongoing frustration. Foster voiced his opinion on the back ….