Rugby Australia Reports $9.2 Million Deficit for 2023, Anticipates Further Challenges

The financial shortfall is attributed to high costs from the World Cup and supporting the Melbourne Rebels, with tough conditions expected to continue into 2024.

• Rugby Australia announced a $9.2 million deficit for 2023, influenced by high costs including support for the Melbourne Rebels and a disappointing World Cup campaign.
• 2024 is projected to be challenging due to ongoing financial commitments and the need to fund various rugby programs and teams.
• Significant investments were made in women’s rugby and community programs, aiming to boost participation and professional opportunities.
• Rugby Australia has secured an $80 million credit facility to manage financial pressures until anticipated revenue spikes from future major events.
• The organization is focusing on strategic planning to avoid quick fixes and ensure long-term stability and growth of the sport.

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