Rugby Australia (RA) has just released its 2023 Annual Report,  posting a $9 million loss and revealing an equity of negative $13 million. Back in 2003, RA was sitting on $35m equity following a successful home World Cup. Where did this $48m go? And what can we learn for the future? Rugby Australia’s revenues are … Continue reading From World Cup glory to a financial precipice. Where did the $48 million go?