NEWS & INSIGHTS
Rugby Australia secure eight-figure loan after major sponsor walks
Rugby Australia secure eight-figure loan after major sponsor walks (extract only)
RA say the $80 million loan will go towards critical areas of the game’s development, with high-performance integration, women’s rugby and community and pathways being areas of focus.
Chief executive Phil Waugh believes pursuing a debt capital path was the right decision for rugby in Australia and believes the injection of cash will help set the game up for the future.
Published 5th March 2024
By Wexted