The new Hurricanes board chair is determined to turn around the books of the struggling Super Rugby franchise. Developer Malcolm Gillies has acquired the 50% stake in the club, offloaded by the Wellington Rugby Union to balance its own books. The franchise has collectively lost $4 million in the past three seasons. Gillies told Heather du Plessis Allan it's a good investment. He says there’s a lot of untapped potential, but there’s certainly a lot of things to do. Tony Philp, who recently departed as the club's general manager of rugby, will assume the interim CEO role. LISTEN ABOVE See omnystudio.com/listener for privacy information.