Australian rugby once had $40 million in the bank. Crowds over 100,000. TV audiences of 3 million. Today the Wallabies have sunk to their lowest world ranking ever. Off the field rugby is a "war zone" with a $20 million deficit last year alone.

The Breakdown is a gripping podcast investigation from The Australian, exploring just how far "the game they play in heaven" has fallen - and why. Jessica Halloran and Claire Harvey have interviewed everyone from ex-PMs and billionaires to Wallabies legends, boardroom insiders and the volunteers battling to keep the game alive. Raw and emotional, The Breakdown is the new binge-listen everyone will be talking about.

The Break Down is exclusive for subscribers to The Australian. Join us at theaustralian.com.au/subscribe.