Rugby Australia posts big losses, warns of 'significant cuts'

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Rugby Australia's alarming financial state heading into the coronavirus shutdown was revealed Monday with the organisation posting a near Aus$10 ...

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But after its annual general meeting it reported a provisional A$9.4 million operating deficit, compared to a A$5.4 million profit in 2018. The governing body's perilous position comes with rugby on hold indefinitely after the Australian government put tough restrictions on public gatherings as it battles to contain the coronavirus.Rugby Australia chairman Paul McLean said"significant cuts across the business" would be needed to keep the sport financially viable in the short term.

"It has forced us to make some extremely difficult decisions, and there will be even harder decisions to come as we continue to navigate the implications of the virus on the game's finances."

 

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