Minister concerned Govt’s $2.7m loan to Super Rugby’s Moana Pasifika might not be recovered

New Zealand's Sport Minister Mark Mitchell is awaiting advice on whether the government will recoup a $2.75 million loan extended to the Super Rugby Pacific franchise Moana Pasifika. The franchise has recently been placed into liquidation, casting doubt over the repayment of the public funds.

Mitchell confirmed he has requested a report from Sport New Zealand to assess the situation. The advice will focus on the funding provided and the prospects for recovering the loan amount. The minister could not definitively state whether the government expects to see the money returned.

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Sport Minister Mark Mitchell can’t say whether the Government will see the return of a $2.75 million loan given to Super Rugby Pacific franchise Moana Pasifika, which has been placed in liquidation.

The loan was part of government support for the Moana Pasifika team, which competes in the Super Rugby Pacific competition. The team's financial difficulties have now led to its liquidation, a move that typically signals severe financial distress and potential inability to meet financial obligations.

Further details on the government's exposure and the steps being taken to address the loan are expected once Sport New Zealand completes its assessment. The outcome will determine the final financial impact on taxpayers regarding this investment in professional rugby.

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Mitchell says he has asked for advice from Sport New Zealand regarding the loan and whether it