Celebrating 25 Years of Scoop
Licence needed for work use Learn More

Art & Entertainment | Book Reviews | Education | Entertainment Video | Health | Lifestyle | Sport | Sport Video | Search

 

NZ Soccer to get more than $350,000 from TAB

Friday 28 June 2002


The phenomenal success of the World Cup will see New Zealand Soccer receive more than $350,000 from the TAB, figures released today show.

TAB head bookie Pete Young said total turnover on the World Cup had now exceeded $20 million and with two more games to go was likely to hit close to $22 million.

Under the TAB’s sports betting rules, New Zealand sports associations receive a guaranteed one percent of turnover and five percent of profit from betting on their sport.

“That means we will be writing New Zealand Soccer out a cheque for more than $350,000,” Pete Young said.

New Zealand Soccer chief executive Bill MacGowan is thrilled with the windfall: “The money will be a great shot in the arm for our academy and youth development programmes.”

“New Zealand Soccer budgeted for a substantial sum but the extra will be well received. In the short term, the Under-20 tournament in Christchurch in November, with Uruguay, Peru, Mexico and our own Under-20 squad, will benefit.”

New Zealand Soccer received $115,000 from the TAB after the last Soccer World Cup in France in 1998. Turnover on that event was $5.2 million.

The Soccer World Cup is now the TAB’s highest ever sports betting event, surpassing the $11.6 million bet on the 2002 Telecom Super 12.

********


© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.