British and Irish Lions tour helps wipe out crippling debt on Rugby Australia

It's the first time the sport's governing body has been debt-free since 2021, when it took out an initial $40 million loan
British and Irish Lions tour helps wipe out crippling debt on Rugby Australia

CASH KINGS: Maro Itoje and the British & Irish Lions supporters helped crush Rugby Australia's overhanging debts in July. Pic: David Rogers/Getty Images

THE BRITISH and Irish Lions tour to Australia helped wipe out Rugby Australia's crippling debts and allowed them loom at creating a new investment fund for the sport down under.

The Lions tour is expected to generate around $100 million Australian dollars (€55m) which will help lift the dark financial clouds over rugby in Australia and help RA plan properly and creatively for the Rugby World Cup, which it hosts in 2027.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Sport

Newsletter

Latest news from the world of sport, along with the best in opinion from our outstanding team of sports writers. and reporters

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited