Rugby 2021: Rugby Australia records $27.1 million loss, COVID-19 pandemic

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Rugby 2021: Rugby Australia records $27.1 million loss, COVID-19 pandemic

Rugby Australia ran at a $27.1 million loss in 2020, with officials pointing the finger at “significant disruption caused by the COVID-19 pandemic” in a statement released on Thursday. Chairman Hamish McLennan said Rugby Australia was “shaken to its core” by the pandemic, which was responsible for a staggering $45.7 million reduction in revenue during the 2020 calendar year. “Australian Rugby has been through some challenging years recently, but nothing could have prepared us for 2020,” McLennan said. In 2020, staff costs were reduced by $9.9m (down 46%) and player costs by $7.7m (down 45%). The organisation’s $A31.6 million loss accounted for a 26 per cent decline in revenue, compared to RA’s 41 per cent.

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