Rugby Australia reported a deficit of $36.8 million for 2024, citing increased operating expenses linked to player payments and match costs. Despite the financial strain and the fallout from a disappointing World Cup performance, the organization looks forward to future revenue prospects from major events like the 2025 British and Irish Lions tour and the Rugby World Cups in 2027 and 2029. With a projected record surplus in 2025, RA's chief executive Phil Waugh emphasized that the sport is on a recovery trajectory, addressing previous financial burdens.
Despite financial setbacks leading to a $36.8m loss in 2024, Rugby Australia remains optimistic, anticipating revenue boosts from major upcoming tournaments.
Phil Waugh highlights that financial losses were expected due to the Wallabies' poor 2023 World Cup performance, but forecasts a record surplus in 2025.
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