Sport
‘Horrible’: Rugby Australia records $27m loss as chairman hits out at wasteful spending – Sydney Morning Herald
Rugby Australia slashed more than $30 million of costs in 2020 and chairman Hamish McLennan believes that money should have always been spent on grassroots.
Rugby Australia announced a $27.1 million loss for 2020 at its annual general meeting on Thursday, with chairman Hamish McLennan labelling the governing bodys balance sheet horrible following a 12-month period significantly affected by COVID-19.
Yet in light of RA shedding $31.2 million in costs last year, McLennan has hit out at unnecessary spending by previous administrations, saying it was a missed opportunity to have not invested more into grassroots rugby each year.
The Wallabies during last…
-
Noosa News24 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged
-
General17 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General8 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
General15 hours agoWarner Bros Discovery board rejects rival $163bn bid from Paramount