Rugby Australia Faces Financial Setback, Eyes Recovery Through Lions Tour and 2027 World Cup
Source: news.source.channelnewsasia
Rugby Australia reported a significant financial loss of A$36.80 million for 2024, attributed to costs from integrating Super Rugby teams and supporting the Melbourne Rebels before their collapse. Despite the financial strain, Rugby Australia remains optimistic about future revenues from the upcoming British and Irish Lions tour and the 2027 Rugby World Cup, which they believe will help recover their financial position. The organization also plans to announce a new Wallabies coach soon, aiming to leverage these events for a prosperous future.
Key Points
Rugby Australia reported a A$36.80 million loss for 2024, exacerbated by costs from integrating Super Rugby teams and supporting the Melbourne Rebels.
Despite the loss, Rugby Australia is optimistic about future revenue from the British and Irish Lions tour and the 2027 Rugby World Cup.
The organization spent over A$10 million on integrating the Brumbies and Waratahs, and more than A$5 million on the Melbourne Rebels' administration and exit.
A new broadcasting deal with Nine Entertainment starting in 2026 is expected to be more favorable than the current one.
Rugby Australia is set to announce a successor to Wallabies coach Joe Schmidt, with Les Kiss being a favored candidate.
