New Zealand Rugby has rejected multiple bids to rescue Moana Pasifika, ending the franchise's participation in Super Rugby from 2027.

The franchise was placed into liquidation in May after the Pasifika Medical Association, the previous owners, said they could no longer fund the team after the current season. Liquidators reported the franchise owed $8.2 million.

NZR, which owns the licence for the franchise, stated it explored all possibilities with several interested parties but were not convinced any rescue bids were commercially viable. The competition will operate with a 10-team format in 2027.

Financial requirements not met

NZR chief financial officer Chris Kinraid said the rescue bids could not meet certain financial requirements for long-term viability.

According to Kinraid, a sustainable and competitive Super Rugby side needs commercial revenue beyond $10 million, excluding income from broadcasting rights. He added that backers must commit at least $15 million in funding to support business operations and ensure adequate financial reserves.

"We firmly believe a team can be based in the Pacific Islands and that a sustainable long-term solution can be found in the future," Kinraid said. "We remain open and willing to engage with anyone who can meet the financial and commercial requirements."

Licence process focused on Moana Pasifika

"The licence available through this process was specifically for a team representing Moana Pasifika as a pathway for Tonga and Samoa from 2027," Kinraid said. "This was not a process to establish a new team or enter a new market."

Kinraid said NZR received interest in potential expansion opportunities beyond 2027, but noted that any future expansion of Super Rugby Pacific would need to be considered in partnership with Rugby Australia, Super Rugby Pacific and as part of broader competition planning.

What comes next

Moana Pasifika joined Super Rugby Pacific in 2022 and completed its final season last weekend before the announcement.

Kinraid said NZR remains open to future possibilities beyond 2027.