Rugby Australia posts big losses, warns of ‘significant cuts’
Rugby Australia’s alarming financial state heading into the coronavirus shutdown was revealed Monday with the organisation posting a near Aus 10 million (US 6.0 million) deficit, not helped by a hefty payment to the sacked Israel Folau. The 2019 numbers were released as the governing body struggles to navigate a way through the COVID-19-enforced halt to sport, and with players complaining of being locked out of critical talks about their future. RA said it was unable to produce a set of audited financial accounts due to uncertainty surrounding its business…
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