RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million.
RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise.
RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t have the revenue stream to pay back RA’s demands.
But RA has now forgiven that debt after billionaire mining magnate Andrew Forrest promised to pump more than $2 million into grassroots and women’s rugby.
As part of Mr Forrest‘s plan, the Future Force Academy will also be resurrected to help convert amateur athletes to professional players, and it will be open to women for the first time.
RA have …
Read the full article at: https://www.businessnews.com.au/article/RugbyWA-out-of-voluntary-administration
