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John Thornett (49)
One thing that has slipped through because of the everything else, Hamish did say on the RRC podcast that RA did actually make a profit last yr. 1st time since 2019.
^ due to increased revenue, reduced costs or a bit of both? Either way it's encouraging.
One thing that has slipped through because of the everything else, Hamish did say on the RRC podcast that Rugby Australia did actually make a profit last yr. 1st time since 2019.
Reassuring. Let's hope they can keep going.
Don't think any unions make money in WC years, bugger all home games and fair bit of expense generally. I think (but don't quote me) NZR usually budget for a 9 mill loss with WC.RWC year & bledisloe at the mcg cant see us not making a profit in 2023. Wales out here in 2024 & increased funding to the women's program might see that yr break even. 2025 lions series "lets make it rain biatch"
Don't think any unions make money in WC years, bugger all home games and fair bit of expense generally. I think (but don't quote me) NZR usually budget for a 9 mill loss with WC.
Not going to make a profit next year even if they win, but would certainly improve the bottom line going forwardWin the World Cup and we will post a profit. Simple
Can they apply to be designated a charity?I might be a random on the internet but the annual reports are made public and unions have regularly complained over the the financial impact of the RWC.
World Rugby offering a participation fee which reached $20million in 2019 for Tier 1, despite this Rugby Australia has lost almost $10million a year in the past 3 RWC (2011, 2015, 2019) years on the back of reduced matchday revenue and broadcast rights.
World Rugby offer a measley $1million bonus for the winning team. In 2019 Rugby Australia offered players incentives totalling almost $4million if they made the final and won the RWC.
In 2020 World Rugby loaned Rugby Australia $14million guaranteed against the Wallabies RWC participation fee, of that $11.9million remains as a liability and is repayable to World Rugby later this year.
Essentially Rugby Australia took an advance on their RWC participation feed so will be a further $11.9million short in 2023 on top of reduced revenue from less test matches.
So yeah, I don't think Rugby Australia will be posting a profit for 2023.
Can they apply to be designated a charity?
I'd suggest Stephen Moore does something about it rather than sign letters and crack the shits that he didn't just gifted a spot on the board.Apologies if already posted elsewhere:
Stuff
i.stuff.co.nz
I'd suggest that if you've pretty much lost Stephen Moore you've got problems...
Would be great to hear some suggested fixes or courses of action
That's too hard of course - much easier to sink the boot in.
“I would say it's beyond make or break, we're well beyond that stage,” Moore said, though he felt there were examples of how it could be lifted from the mire, citing how Ireland, with their centralised efforts at high-performance level had lifted them to being one of the best rugby nations in the world right now.
Australian rugby, often seen as elitist in the wider sporting scene there, needed to work past the internal political rivalries that had been a trademark of the game.
“We need to work together a lot more, that's really important. We need more alignment between the provincial unions around high performance, commercial arrangements – all that kind of stuff,” Moore said.