Rugby Australia receives $9 million lifeline from World Rugby


  • Rugby
  • Friday, 15 May 2020

FILE PHOTO: Interim Rugby Australia CEO Rob Clarke holds a news conference amidst the spread of the coronavirus disease (COVID-19) at Rugby Australia headquarters in Sydney, Australia, May 7, 2020. REUTERS/Loren Elliott

MELBOURNE (Reuters) - Rugby Australia (RA) said on Friday it had secured A$14.2 million ($9.16 million) in funding from the game’s global governing body to help it through the financial crisis brought on by the COVID-19 pandemic.

RA said the funding from World Rugby would provide it with "certainty" for the next 12 months and allow it to finally sign off on its 2019 accounts after auditors declined to do so in March amid doubts over the future viability of its business.

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