Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

ARU To Produce Surplus This Year But Will Go Back Into Deficit Over Next Two Years

The Australian Rugby Union "will produce a surplus this year on the back of a financial windfall from the British and Irish Lions tour, but will go back into deficit over the next two years," according to Bret Harris of THE AUSTRALIAN. Observers expected the Lions tour to provide a financial panacea for Australian rugby, "but it will only offer temporary relief." As a result, new ARU CEO Bill Pulver is "conducting a review of the national governing body's operations and developing a strategic plan to create growth in the game," which involves Australia's Super Rugby franchises becoming financially independent. Pulver said, "We are predicting a surplus for 2013, which is a very good thing because we had a deficit in 2011 and a deficit in 2012. Part of it is getting our balance sheet back in order with some cash back in the business. Sadly, in terms of our long-range planning we are also forecasting a deficit in 2014 and 2015." He added, "One of my first challenges is to look at the cost base of the ARU and review where we are spending our money first of all with a view to getting rid of the deficit, but second of all to free up funds so we can invest in growth areas" (THE AUSTRALIAN, 3/5).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/03/05/Finance/ARU.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/03/05/Finance/ARU.aspx

CLOSE