sport news Australian rugby's year from hell gets FAR worse as Wallabies boss reveals ... trends now
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Rugby Australia has announced a $9.2 million deficit for the 2023 financial year.
The loss was partly due to $11.5 million being invested during a World Cup year, including an unapproved $2.6 million overspend on Eddie Jones' disastrous campaign in France.
The results were revealed following RA's annual general meeting in Sydney on Monday.
The 2023 year also included a $4.9 million reduction in revenue, largely due to lesser match-day revenue as a result of only being able to host two home Wallabies Tests in the World Cup year, compared with six in 2022.
RA said additional high-performance investment in the Wallabies, Wallaroos and Australia A programs, increased spending in Super W and higher player payments reflecting 2023 being the first year of a new collective bargaining agreement with players contributed to the deficit.
Rugby Australia has announced huge losses for the 2023 financial year
Elsewhere, RA reported a 1.7 per cent increase in participation growth across clubs and 2.3 per cent in
