Rugby Australia CEO to take a 50% pay cut worth over AUS$400,000

Rugby Australia CEO Raelene Castle has announced that she will take a 50% pay cut worth over AUS$400,000 as the game's governing body reported a provisional AUS$9.4 million deficit for 2019.

Castle refused to put a dollar figure on the pay cut players will need to take but warned a significant cut was required to remain financially viable in the short term as the organisation looks to navigate its way through the coronavirus crisis.

Castle stated yesterday afternoon that she will be taking a 50% pay cut and senior executives will take a 30% pay cut.

She says they are in constant discussion with the government in any support provided which they can factor into their decision making.

In a statement released by Rugby Australia, it confirms that they could not issue an annual report until audited accounts can be delivered.

[Suff.co.nz]

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