Rugby Australia boss Andy Marinos resigned on Monday 4 months out from the Rugby World Cup in France, saying it was time to move on after returning the organisation to revenue.
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The Zimbabwe-born 50-year-old was appointed chief govt in late 2020 after 5 years working the southern hemisphere governing physique SANZAAR.
His departure comes every week after the governing physique introduced it had returned the enterprise to revenue for the primary time in 4 years.
Marinos was extensively seen as instrumental in serving to revive the as soon as cash-strapped organisation.
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“The foundations have been established and the business is now well-prepared to test the market for private equity investment, making it the right time for me to move on,” mentioned Marinos in an announcement.
“Importantly, I will leave with the knowledge that RA is in a stronger position than when I joined, and proud of what has been achieved in my tenure as CEO.”
Phil Waugh favorite to take over from Andy Marinos
Australia has been mulling following New Zealand Rugby’s lead and looking for personal fairness funding to shore up the sport’s funds additional.
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US personal fairness agency Silver Lake secured a NZ$200 million stake within the famed All Blacks final 12 months.
Local media mentioned Wallaby nice and RA board member Phil Waugh was a frontrunner to take over, with Marinos to stay till mid-June to help with the transition.
RA chairperson Hamish McLennan mentioned Marinos had helped re-establish rugby union as a sport to be reckoned with in a crowded panorama of rugby league, Australian Rules, cricket and soccer.
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“We asked Andy to draw upon his impressive career experience and extensive global relationships to re-establish rugby as a leading code in Australia,” he mentioned.
“He has delivered on this and been fundamental in the turnaround of the business.”
By Garrin Lambley © Agence France-Presse
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