Rugby cops heavy $38m loss

Rugby cops heavy $38m loss

Rugby Australia’s deficit nearly quadrupled to $36.8 million in the last financial year with hopes a multimillion-dollar profit is coming next on the back of the British & Irish Lions tour.

Rugby Australia posts A$36m loss - Daily Telegraph NZ

Rugby Australia has posted a $A36.8 million ($NZ39.6 million) loss for 2024, driven by the costly integration of Super Rugby teams and the collapse of the Melbourne Rebels, adding to the financial strain after a $A9.2 million loss in 2023. Despite the deficit, the result was reportedly better than expected, with CEO Phil Waugh expressing optimism about a future surplus in 2025 due to the British and Irish Lions tour. RA spent over $A15 million r…

Rugby Australia confirm massive 2024 financial debt, insist Schmidt successor will be named 'sooner rather than later'

Rugby Australia officials have confirmed a $36.8million (£17.6m STG) deficit for 2024 but added that they hope to soon reveal the identity of Joe Schmidt’s successor.