The financial vulnerability of New Zealand's five Super Rugby clubs has been outlined in a new report by Deloitte.

The reports claimed  all five clubs were cumulatively unprofitable across the last six years, with the Hurricanes posting two net losses of over $1 million.

Hurricanes co-owner Malcolm Gillies joined Piney to examine the report's findings.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Podden och tillhörande omslagsbild på den här sidan tillhör Newstalk ZB. Innehållet i podden är skapat av Newstalk ZB och inte av, eller tillsammans med, Poddtoppen.