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.