da esoccer bet： New Zealand Cricket (NZC) has posted a post-distribution surplus of NZ$6.84million, according to the results of their annual general meeting
da bet sport： Cricinfo staff22-Oct-2009New Zealand Cricket (NZC) has posted a post-distribution surplus of NZ$6.84million (US$5,138,550), according to the results of their annual general meeting. Income amounted for the 2008-09 year was $55.99m (US$42,039,643) – and was 57% up on the previous year thanks mainly to India’s tour earlier this year, which also allowed NZC increase their financial distributions to member associations.”With India touring during the past summer it was a key year for New Zealand Cricket,” said chief executive Justin Vaughan. “The tour was a resounding success for the game and was also import ant for the commercial return it provided.”Expenditure at $36.37m (US$27,311,265) – as compared to last year’s $29.33m – was attributed to increased insurance costs, higher commissions on broadcasting rights and greater spending on New Zealand A, Emerging Players and Under-19 tours. Revenue was also boosted by ICC events and foreign currency gains. Approximately $12.19 million will be shared by the associations, a 26&% increase on 2007-08.NZC operates on a four-year cycle due to variations in revenue over that period and forecasts a surplus with the current cycle to end on May 31, 2010.
