Rugby Finances
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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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World Rugby announce £1.86m lifeline for sevens as more tournaments canned
Support for unions that have qualified for the Tokyo Olympics
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@Machpants said in Rugby Finances:
@Rapido and the board not reducing their entertainment and boozing fund is even more ridiculous
Woah, woah, woah. Everything else goes first. When such drastic measures need to be taken, then they won't.
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Playing to empty stadiums places premiership rugby under threat
Head of England’s top league says clubs will go bust unless restrictions are eased
Playing to empty stadiums places premiership rugby under threat
England’s biggest rugby clubs face the “very real” risk of going bust unless the UK government eases restrictions on fans entering stadiums, according to the head of the country’s leading league.
Darren Childs, chief executive of Premiership Rugby, the top tier of English club rugby union, called on ministers to come to a “pragmatic solution” for the reopening of grounds despite concerns to public safety due to the coronavirus pandemic.
Mr Childs told the Financial Times that financial losses from rugby matches that restarted in August without paying spectators, as well as an expensive testing regime for players, is costing clubs tens of millions of pounds.
These shortfalls are devastating to rugby clubs, which are more reliant on match day income than wealthier sporting competitions such as football’s Premier League, which derives more from broadcasting deals. Last season, Exeter Chiefs was the only one of Premiership Rugby’s 13 shareholder teams to turn a profit.
“It’s becoming increasingly more alarming, the longer it goes on,” said Mr Childs. “We’re not expecting to open up every seat, but just getting some back in will help to alleviate some of the financial downside . . . we’re trying to keep the show on the road.”
His warning comes as the UK government has scaled back plans to allow the gradual reopening of sports grounds following a rise in coronavirus cases.
Financial strain is being felt even after Premiership Rugby sold a 27 per cent stake in the league for £200m in 2018 to CVC Capital Partners, the European private equity group.
Some rugby clubs are spending the roughly £15m each received from the CVC deal during the pandemic to help stay afloat rather than investing in infrastructure and marketing spending. Mr Childs said there were no plans from CVC to provide additional funding, leading to a greater focus on cutting costs.
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