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 News20 hours agoCrucial step in Sea World helicopter crash investigation set
-
Business20 hours agoWhy Accent, DroneShield, EBR Systems, and Titomic shares are pushing higher
-
General16 hours agoForget a tariff-induced recession, Australians have been in recession for two years
-
Business20 hours ago2 ASX 300 shares that look significantly undervalued