This is what is been referred to for those wondering;
Rugby walks away from $200M private equity planView attachment 17551
https://www.codesports.com.au/rugby-union/rugby-unions-broadcast-rights-value-tumbles-in-eyes-of-private-equity-firms/news-story/28eaccd6749c68e737e4c6b3c22c35e
Rugby Australia has decided against private investment after failing to secure the money they'd sought, understood to be between $150-200 million, in exchange for giving up to 20 per cent ownership of the game to investors.
Rugby Australia will now seek to raise up to $90 million of debt. Several lenders are understood to be willing to lend that money.
Private investors were not convinced that Rugby Australia will yield a significant increase on their next broadcast deal, from 2026 onwards.
The current agreement, worth around $33 million a year with Nine and Stan Sport, concludes at the end of 2025.
Rugby Australia chairman Hamish McLennan is adamant that major home events will deliver more than enough to revitalise rugby.
"We've paused on private equity and are executing a debt plan, as we couldn't provide enough accuracy around the next cycle of broadcast rights," McLennan toldNews Corp.
"With a men's and women's home World Cup in 2027 and 2029 as the centrepiece of our plans, we didn't want to undersell ourselves.
"The Matildas showed the incredible interest in home World Cups and rugby will be even bigger."
Already, moves are afoot for Rugby Australia to take over the running of the NSW Waratahs and Brumbies, who have been struggling financially for years.
It's understood there will be a streamlining of operations, leading to job losses.
But Rugby Australia faces stiff resistance from other Super Rugby clubs, who are happy for centralisation of the high performance rugby and strength-and-conditioning programs, but wary of a commercial takeover.
Waugh announced a centralised model had been agreed to by all clubs last month, but there is no signed agreement in place yet and the sticking point will be the control of the clubs' money and assets.