Rugby Finances
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@nzzp said in Rugby Finances:
@Rapido said in Rugby Finances:
RFU scraps Sevens to cast a shadow over Team GB's chances at the Olympics
Exclusive: Players express their frustrations at now being out of a job, a year out from Tokyo Games
The Rugby Football Union has scrapped its professional sevens programme. The England men’s and women’s squads were informed this week that once their contracts are up at the end of this month, they will not be offered new deals. Leading players believe this could severely damage medal chances for Team GB at the Olympics....
Depends on perspective doesn't it?
The Rugby Football Union, who have furloughed 62% of their staff and are facing losses over GBP200M, are focussing only on revenue earning activities. Sadly, their Olympic programme is cancelled (although it is likely the Olympics won't proceed).
No doubt the likelihood of the Olympics going ahead next year factored in to their thinking. Also the ability to secure funding outside of the RFU for the Olympics.
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https://www.bbc.com/sport/rugby-union/53722770
Downside of owning your own side hustle infrastructure. Can only imagine how much Wasps are hurting.
Not saying it isn't the right approach. But normal plans out the window for a year or more.
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Rugby feeling the financial effects of Covid-19 admits Tigers chief Kay
Tigers have seen England internationals Manu Tuilagi and Jonny May move elsewhere in search of more lucrative deals
Covid-19 has brought rugby’s finances into ‘stark reality’ admits Leicester Tigers director Ben Kay
“For a number of years most people have been concerned about where rugby is going to get its house in order in its finances,” Kay told i. “What this pandemic has done is bring that into stark reality and put a lot of clubs in jeopardy of not being able to meet their financial requirements.
“No one wanted to be giving out pay cuts or making redundancies but it has been a necessity for the majority of clubs, to actually survive.
“I was sad to see Manu go, and everyone at Leicester has a huge amount of affection for the Tuilagi family but he couldn’t accept the offer that was made, and we had to make it not an emotional decision but a decision on what is best for the club.
“What’s interesting is the correction, in a very short space of time. People said how can Leicester afford [Fiji wing] Nemani Nadolo, but with the money he is on now compared to what he was on in France, and what Jonny May was on at Leicester, there have been a few players who have very much reset their expectations. There are surprising people on a lot less money than you’d think. Jonny May has gone to Gloucester for not far off what we were offering, and that was a big drop in finances for him.
“The market has changed for the foreseeable future and unless a player has that big contract in place now, it will be even harder to find the money they were expecting.”
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another salary cap shenanagin
Premiership club in salary cap probe, source tells TRP
A season where Saracens were mired in scandal faces a new potential salary cap storm
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@Rapido said in Rugby Finances:
another salary cap shenanagin
Premiership club in salary cap probe, source tells TRP
A season where Saracens were mired in scandal faces a new potential salary cap storm
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https://www.nzherald.co.nz/sport/news/article.cfm?c_id=4&objectid=12356719
It is believed cancelling the game will also cost the Blues and New Zealand Rugby up to $1 million in lost revenue, as the Herald understands the 43,236 tickets sold for Sunday's match generates gate takings between $800,000 and $1 million, with net profit thought to be around the $450,000 to $500,000 range.
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@Bones yep, for bumper crowds. 40k for provincial games will always generate big money (thankfully).
Quality over quantity gets reflected.
Hopefully the Blues don't have to send out too many refunds - I'm not taking one, they have finally brought me pleasure this year and I'm happy to fund that
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Other code. But gee, this must be bad timing for the Warriors. Forced to punt a perfectly good main sponsor in current climate.
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Southern Kings suspend playing. Pro-14 down to 13. Future of franchise in doubt.
https://www.bbc.com/sport/amp/rugby-union/53903033?__twitter_impression=true
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https://www.news24.com/sport/rugby/french-rugby-clubs-in-danger-could-lose-35-million-20200826
5k stadium attendance cap until end of October.
Sounds worse than it is. 35 million Euro over the 2 divisions. That is 30 teams.LNR asking government for financial cushion, maybe.
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England players to have match fees reduced by £5,750 from this autumn
The poor financial outlook caused by Covid-19 has resulted in the revised match fee of £17,250, down from the previous figure of £23,000
England's players will accept a £5,750 decrease to their match fee payments this autumn, having acknowledged that doing so will be for the good of the game given the Rugby Football Union's difficult financial situation.
Discussions between England's players and the RFU had been taking place for some time, but an agreement has now been reached for England's match fee to decrease from £23,000 down to £17,250, a drop of 25 per cent.
"There is no England product without the players, but they are conscious not to push the matter any further given the current climate," a leading agent informed Telegraph Sport.
The payment covers each player's match appearance fee plus training and image rights, and even at the reduced figure remains considerably more than the amount received by players from other countries. The Welsh Rugby Union, for example, pays their players £5,300 per match plus an image-rights payment of £1,500 for each player per campaign.
The new match fee will come into effect when England complete their Six Nations campaign against Italy in Rome this October, after the fixture was postponed due to Covid-19.
IIRC.
The RFU and PRL are now at the 4 year (half way) stage of the Professional Game agreement. And RFU can renegotiate based on revenue. Not sure if player appearance fees are part of that agreement?If this is the permanent settlement for the test match appearance fees, then that is a good result for the players.
Still very, very, very well paid for international appearances compared to all their peers.
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Bill Sweeney urged to take the axe to untouched RFU-Premiership fund
Is the RFU chief executive keeping Premiership clubs happy so they release England players this autumn?
Not huge movers and shakers. Berks and Bucks. But grassroots asking that the pain gets shared - questioning RFU’s £27.5m-a-year deal with Premiership Rugby.
70 per cent cut in funding to grassroots. so far no change in funding to PRL.
The old player-release connundrum, though ....
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