Statement from Queensland Rugby
The Board of Queensland Rugby met today and voted unanimously to accept a proposal from the Australian Rugby Union to assist in finding solutions to financial pressures at QRU.
Under the proposal, a five-man Special Executive Committee (SEC) comprising representatives from QRU and ARU, and chaired by ARU Managing Director and CEO John O’Neill, will be established to review and run the business.
The QRU Board has delegated its powers to the SEC.
ARU will provide financial assistance to QRU in the short-term by pre-paying scheduled grants.
“We are grateful that the ARU has been able to agree to our request for assistance and we look forward to working with them to put the ship back on an even keel,” said QRU Chairman Rod McCall.
“We will now devote our energies to rebuilding the business to make it economically strong again.”
