HomeRugbyRugby Australia posts $8.7m surplus as player hunt begins

Rugby Australia posts $8.7m surplus as player hunt begins

Rugby Australia chairman Hamish McLennan remains adamant there are “a lot” of NRL players keen to switch codes and that his his sport is “on the rise again” after a $35m turnaround.

At its annual general meeting on Wednesday, RA revealed a surplus of $8.2 million, the first surplus in four years, after suffering a $27.1m deficit just two years ago moving McLennan to suggest rugby is on an “even keel” with the NRL.

Despite the Wallabies enduring one of their worst 12 months in decades on-field under sacked former coach Dave Rennie, and ongoing battles for mainstream cut-through for the Super Rugby Pacific competition, McLennan was beaming at the result.

“The last two years have been a wild ride for us – and with the removal of Covid restrictions, we were able to return to a full year of rugby and restore some normality in the business,” McLennan said.

“To turn this…

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