To the financial accounts of New Zealand Rugby..

Expect the cleaver to get sharpened to cut budgets over the coming year.

Chief executive Mark Robinson has been grilled about NZR's 19.5 million dollar annual loss on the Mike Hosking Breakfast.

He says they have a plan.



New Zealand Rugby claims the loss can largely be attributed to foreign exchange hedging and the further investment in their new content and streaming service.

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