Sport
Rugby Australia considers private equity after recording $27.1 million loss in coronavirus-hit 2020 – ABC News
Rugby’s governing body in Australia will look to sell a stake in the form of private equity in a bid to raise much-needed money for the struggling football code,…
Rugby Australia (RA) has recorded a net deficit of $27.1 million for 2020 due to the COVID-19 pandemic, with the governing body losing so much money it even considered reverting to amateur status.
Key points:
- Rugby Australia experienced a $45.7 million reduction in revenue in 2020
- New Zealand Rugby has approved a historic private equity deal, with Rugby Australia looking to follow suit
- Rugby Australia says it “openly talked about the game potentially becoming amateur” amid its financial woes
The $45.7…
Continue Reading
-
Noosa News20 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News21 hours agoBrisbane-bound traffic diverted after pile-ups along Bruce Highway
-
Noosa News20 hours agoMan arrested after police chase: Driver shot, woman dies in crash
-
General16 hours agoAustralian Catholics mourning death of Pope Francis