Australia drops bid to host rugby World Cup
The Australian Rugby Union has officially withdrawn from the bidding process for the 2015 and 2019 World Cups.
ARU boss John O'Neill said his organisation could not accept the risk of committing to the guarantees - £80m (€90.2m) for 2015 and £96m (€108.2m) for 2019 - set down by Rugby World Cup Ltd.