New Zealand Rugby Union CEO Steve Tew has warned that New Zealand may not play in the 2015 Rugby World Cup under the current financial conditions.

Tew said the NZRU would not be able to send a team to the World Cup unless the current financial model is changed.

Tew estimates that the All Blacks ruling body will lose 6.7million pounds from the current event and that in a volatile economic climate with costs on the rise, they could not afford to suffer similar losses in four years time.

He said they want a couple of things taken very seriously around the IRB table and one is the money that flows through and out of Rugby World Cup.

He added that they lose $13.2million NZ dollars worth of revenue after income from Rugby World Cup and costs are adjusted.

Tew added that all they want is what is best for world rugby and New Zealand and Australia tend to have to bang the table pretty hard at times to get people to listen.

Story by: Dhanjay Deo
Source: stuff.co.nz