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3w ago

Rugby Australia Reports $36.8 Million Deficit, Eyes 2025 Surplus

The deficit, attributed to restructuring costs, sets the stage for a financial rebound driven by the British & Irish Lions series and new broadcast deals.

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Overview

  • Rugby Australia announced a $36.8 million deficit for 2024, citing one-off costs from operational restructuring and strategic investments.
  • Key expenses included the centralization of the NSW Waratahs and ACT Brumbies and the exit of the Melbourne Rebels from Super Rugby, totaling over $15 million.
  • The organization forecasts a record $50 million surplus in 2025, driven by the British & Irish Lions series, expected to sell over 500,000 tickets.
  • A new five-year broadcast deal with Nine Entertainment, worth up to $240 million, will bolster revenue starting in 2026.
  • Rugby Australia aims to eliminate its debt by the end of 2025 and capitalize on upcoming marquee events, including hosting Rugby World Cups in 2027 and 2029.