Sydney - Australian Rugby Union (ARU)
recorded a deficit of almost Aus$10 million (US$7.6 million) last year in its
worst result in over a decade, the organisation has told stakeholders.
The governing body's financial predicament
worsened after losses of Aus$9.8 million in the 12 months to December 31
followed a Aus$6.3 million deficit in 2014.
The result was compounded by the ARU paying
Aus$5 million to keep the troubled Melbourne Rebels Super Rugby franchise
"It's not something we're proud of,
but it is something we forecast," chief executive Bill Pulver told
reporters after the ARU's annual general meeting on Monday.
"There were no surprises in the
number, but it's not a good number.
"We knew that 2015 was going to be the
last of a series of extremely difficult financial years. We knew that when we
started working with the Rebels around their situation that that would
exacerbate the problem."
Pulver said 2015 was a tougher year than
most because, with the World Cup taking place in England, only two Test matches
were held in Australia and there was no June tour that brought over a major
World Rugby helped offset the loss by
providing the ARU with 10 million pounds (US$14.2 million) from its 2015 World
Cup bonanza as compensation for their scaled-down international programme last
Pulver said he was confident a new
broadcast agreement from 2016-2020, which will provide at extra Aus$170 million
over the next five years in comparison to the previous deal, would leave the
game in a better financial state than the current numbers show.
A three-Test series against England in
Australia, the Rugby Championship and a tour to Britain in November should ease
the ARU's financial pain during the next 12 months, he said.