tag:blogger.com,1999:blog-3686764185628666543.post434321836555521700..comments2023-10-10T03:26:30.831+13:00Comments on Share Investor: 2011 World Cup FeverShare Investorhttp://www.blogger.com/profile/02150520236094812434noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3686764185628666543.post-61494654103691154772010-06-28T16:50:44.902+12:002010-06-28T16:50:44.902+12:00Hey RJ, at last we disagree!
Hey the RWC might ha...Hey RJ, at last we disagree!<br /><br />Hey the RWC might have a feel good factor but I don't feel good about paying for it.<br /><br />Question.<br /><br />Will you feel good when the All Blacks don't win the cup?Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-88896230609334462772010-06-28T15:03:21.531+12:002010-06-28T15:03:21.531+12:00Darren,
You are being Harsh again.
The RWC is a w...Darren,<br /><br />You are being Harsh again.<br />The RWC is a world class event,no doubt about that.<br /><br />It does not need to be a money spinner because it is purely entertainment, that is what sport is, an entertainment.<br />Think of it like going to see a movie.<br /><br />We are hosting a giant entertainment extravaganza !<br />The feel good factor alone will be priceless!<br /><br />Good on RNZ for hosting it.<br />I am looking forward to it Immensely.RamJettnoreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-63493285766346463452010-06-24T19:38:49.457+12:002010-06-24T19:38:49.457+12:00Thanks for your comments Mike but let me counter s...Thanks for your comments Mike but let me counter some of your points.<br /><br />I have little faith in economists taking stabs in the dark on behalf of politicians at economic impacts, good or bad. Ask two different economists an opinion and they will give you 2 different answers.<br /><br />The $1.25 billion cannot be quantified by facts and figures. It is guesswork.<br /><br />The $600 million spend also ignores the inevitable cost overruns of public building and also ignores the interest costs to be paid on the considerable debt used to build stadiums and other infrastructure.<br /><br />The stadia built or rebuilt will also require annual running costs which also will be sadly paid from the public purse and this is not factored into the $600 million.<br /><br />The opportunity cost lost from not spending that $600 million on something productive is also not accounted for in your figures.<br /><br />If building stadiums was a money spinner private business would be funding them.<br /><br />Also to say that this event is the world's 3rd largest is just not factual.<br /><br />The Olympics is first, World Cup second, Formula one third, Rallying probably forth with a whole host of others that come before the Rugby World Cup.<br /><br />I wouldn't argue that the 2011 Cup will have some impact overseas but it is certainly not going to be as much as all the hype would have us believe. It is a relatively small event with limited exposure.<br /><br />Most of the world will not know that it is being held, let alone being held in New Zealand.<br /><br />Thanks again for your comments and I wish you well in 2011.Share Investorhttps://www.blogger.com/profile/02150520236094812434noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-42036655931758157302010-06-24T13:26:56.296+12:002010-06-24T13:26:56.296+12:00Whoops, that should read around $600 million of pu...Whoops, that should read around $600 million of public money!Unknownhttps://www.blogger.com/profile/11883873894686195307noreply@blogger.comtag:blogger.com,1999:blog-3686764185628666543.post-45527405053042852612010-06-24T12:43:04.561+12:002010-06-24T12:43:04.561+12:00You seem to have missed a number of important poin...You seem to have missed a number of important points.<br /><br />The $1.25b economic impact of the Tournament was calculated by economists at Horwath Asia Pacific in 2006 so there is some rigour to the analysis.<br /><br />Around $600 of public money - local and central is being spent on stadia redevelopments, transport improvements etc. These are capital investments which will have long term benefits to the communities that will use them. Most are improvements that would have happened anyway - Eden Park, Christchurch and Dunedin were overdue for upgrades and had long been talked about. By the way, Eden Park's permanent capacity will only be a few thousand more than pre-redevelopment so its not an unnecessary giant stadium as you put it. The Dunedin stadium will have similar capacity to Carisbrook, but be more useable given that it is enclosed. Then there are much needed improvements to numerous training facilities. <br /><br />Then there is the international exposure NZ gets from holding the world's third biggest sporting event. The 4b television audience is a cumulative figure during tournament time. You need to also factor in all the other exposure we are getting from rising international media interest in the lead-up to the Tournament and during it. Plus the endorsement of the expected 60,000 plus visitors. RWC 2011 provides many valuable showcasing opportunities for New Zealand around the world. <br /><br />Then there are other intangibles - more than 5000 volunteers will be recruited for the Tournament. We hope many go on to serve their community further. We are training people to provide great service at major events. We are building confidence in the ability of NZ to host major events. There are many other intangibles - how the new generation of kids inspired to take up Rugby as a sport? How about reinvigorated national and community pride? Hard to put a price on that.<br /><br />RWC 2011 is probably the last time NZ will be able to host an event of this magnitude. It was an opportunity too good to be missed.<br /> <br />Hope this provides food for thought.<br />Mike Jaspers<br />Communications Manager<br />Rugby New Zealand 2011Unknownhttps://www.blogger.com/profile/11883873894686195307noreply@blogger.com