Analysis:
Australian Rugby - Annual Report 2007
It states the ARC had a budgeted deficit of $2.6million and a reported deficit of $8.4million
Report:
http://www.rugby.com.au/AnnualReport...ial-Report.pdf
The ARC had an operating expenditure of $5,484,000
There was a provision of $2,649,000 for the ARC as a doubtful debt on page 19 which (if I'm reding it correctly) states that there are loans to be repayed by QRU***, South Australia RU, ACT Rugby Union, New South Wales Rugby Union***, Northern Territory Rugby Union, Tasmanian Rugby Union & Victorian Rugby Union***
***During 2007 the Company established the Australian Rugby Championships. The Company provided interest free loans of $2,649,000 to participating Unions where required and has provided against these loans.