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USA Rugby projects significant financial losses in 2019

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After almost going bankrupt in 2018, USA Rugby has revealed it now expects significant financial losses in 2019.

This, the national governing body said in a press release, is due to over-expenditure in its high performance program leading up to and during the 2019 Rugby World Cup, legal fees in two ongoing lawsuits and revenue shortfalls. USA Rugby is now refinancing lines of credit to work towards ensuring financial obligations through the end of 2019 and into the first quarter of 2020.

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