Eden Park Trust financial woes to worsen over next decade

Eden Park Trust financial woes to worsen over next decade

The report by consultants EY anticipates the country's premium sports venue will run up losses of nearly $80 million over the next 10 years.

It says the performance of the Eden Park Trust, which owns the park, is expected to worsen in 2019 due to the impact of the Rugby World Cup in Japan, meaning one less All Blacks test.

There will also be a reduction in other events, including cricket matches.

The report says Eden Park will not even generate enough cash-flow this year to pay the interest on its loans from Auckland Council and ASB Bank.