Rugby Australia Faces Financial Setback, Eyes Recovery Through Lions Tour and World Cup
Nguồn: news.source.
Rugby Australia (RA) reported a significant financial loss of A$36.80 million for 2024, attributed to the integration of Super Rugby teams and the collapse of the Melbourne Rebels. Despite the financial strain, RA remains optimistic about future revenues from the British and Irish Lions tour and the 2027 Rugby World Cup. CEO Phil Waugh emphasized the progress towards a sustainable model and announced plans for a new Wallabies coach.
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Rugby Australia reported a A$36.80 million loss for 2024, exacerbated by the integration of Super Rugby teams and the financial collapse of the Melbourne Rebels.
Despite the loss, RA anticipates a financial recovery through the upcoming British and Irish Lions tour and the 2027 Rugby World Cup.
CEO Phil Waugh highlighted the progress towards building a sustainable model for Australian Rugby.
RA spent over A$10 million on integrating the ACT Brumbies and New South Wales Waratahs, and more than A$5 million on the Melbourne Rebels' administration and exit.
The Wallabies' July test schedule against Wales and Georgia contributed to the financial loss.
RA is forecasting a record surplus in 2025 due to the Lions tour and plans to exit an A$80 million loan.
A new broadcasting deal with Nine Entertainment from 2026 is expected to improve financial conditions.
A new Wallabies coach is set to be announced soon, with Queensland Reds coach Les Kiss being a potential candidate.