Ares, Pacific Equity Partners line up for Rugby Australia debt
Negotiations with credit providers are entering extra time as the code looks for $60 million.
With all the focus at Rugby Australia on the boardroom politics which ended the chairmanship of Hamish McLennan, it would be easy to forget the sport is in the midst of a long-running debt process.
Street Talk understands it’s down to nail-biting extra time for the negotiations, which entered phase two last month. Credit teams are playing to fund the troubled governing body until 2025 with $60 million in debt.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more