Rugby Australia has announced a return to surplus for the first time in four years, with CEO Andy Marinos revealing the organisation staved off a ‘catastrophe’
Hamish McLennan says recent period has been ‘a wild ride’Rugby Australia has announced a surplus of $8.2m at its 2022 annual general meeting, returning the business to profit for the first time in four years.
In promising a bright future for the code in Australia, McLennan paid tribute to RA chief executive Andy Marinos for being instrumental in helping revive the once cash-strapped organisation. “To turn this thing around in such a short time is a great testament to Andy and the team at Rugby Australia, as well as the resilience of our game – and with the promise of a Lions Tour in two years, as well as home Rugby World Cups in 2027 and 2029, rugby is very much on the rise again.
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