Chief executive Phil Waugh expects Rugby Australia to make a record $50 million profit, and says it could be debt-free by the end of this financial year as it reaps the benefits of sponsorship and ticket sales from the British and Irish Lions tour.
The governing body’s annual financial report showed losses grew to $36.8 million from $9.2 million in the calendar year ending December 31, as it took control of three state-based clubs competing in the Super Rugby.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
