Northern Edition

Select Edition

Northern Northern
Southern Southern
Global Global
New Zealand New Zealand
France France

Latest emergency measures outlined towards keeping the professional game alive in Wales

(Photo by Jurgen Kessler/picture alliance via Getty Images)

WRU CEO Martyn Phillips has revealed that his administration are seeking a bank loan and exploring further salary cuts in an attempt to safeguard the future of rugby in Wales where the sport has been on hold since March due to the coronavirus pandemic. 

ADVERTISEMENT

Shorn of revenue streams due to the postponement of matches at Test and club level, Phillips and his fellow administrators in Wales have already taken cost-cutting measures to protect the WRU’s bottom line.

However, they have now admitted that what they have done so far is insufficient to safely guide them through a crisis that has no end yet in sight as postponed Test matches have still not been rescheduled and the PRO14 season remains suspended.  

Video Spacer

Former Wales coach Warren Gatland guests on The Lockdown, the RugbyPass pandemic interview series

Video Spacer

Former Wales coach Warren Gatland guests on The Lockdown, the RugbyPass pandemic interview series

Addressing the worrying financial position in a WRU statement, Phillips explained: “Given the financial shock of this pandemic the only solution is to increase our borrowing. We are in discussions with a range of institutions to assess our options. 

“We are working hard to secure a loan and, importantly, on terms that allow for repayment over a number of years. So, while the current financial hit is extreme and focused, we will look to smooth and dampen its ongoing impact through a manageable repayment profile and interest rate. 

“In terms of specifics, funding for our community game is ringfenced which means that we hope all of our clubs will survive this crisis. I would also point out that the professional rugby board (PRB) is rightly united in its support of this approach to the community game, to safeguard the long-term future of Welsh rugby. 

ADVERTISEMENT

“Much of the loan will be onward lent to Welsh rugby’s four professional regions. Again, this is only right, as the international and professional game is the financial powerhouse of Welsh rugby. Without it, we would have little income or funding to re-invest. 

“The professional game will bear the responsibility for servicing the loan, but will also benefit from any bounce back of any financial revenue over performance in future years. Meaning, in that regard, the professional game bears both the risk and the reward. Our goal, like with our semi-professional and community clubs, is to ensure all four regions survive this crisis.

“There has been a lot of commentary about players wages,” he added. “Back in April, the players agreed to temporary wage cuts to help us through the crisis, again for which we are grateful. 

“We are now in further discussion, the first step of which is a responsibility of the PRB to, as transparently as possible, set out the financial situation and then work together with the players to find options that both safeguard the game and also deliver to the players’ personal situations. 

ADVERTISEMENT

“There is a requirement for continued dialogue over the next few weeks to explore options and land on a way forward that works for all parties. I’m sure we can achieve this together.”

ADVERTISEMENT

LIVE

{{item.title}}

Trending on RugbyPass

Comments

0 Comments
Be the first to comment...

Join free and tell us what you really think!

Sign up for free
ADVERTISEMENT

Latest Features

Comments on RugbyPass

f
fl 46 minutes ago
The Fergus Burke test and rugby's free market

"So who were these 6 teams and circumstances of Marcus's loses?"


so in the 2023 six nations, England lost both games where Marcus started at 10, which was the games against Scotland and France. The scotland game was poor, but spirited, and the french game was maybe the worst math england have played in almost 30 years. In all 3 games where Marcus didn't start England were pretty good.


The next game he started after that was the loss against Wales in the RWC warmups, which is one of only three games Borthwick has lost against teams currently ranked lower than england.


The next game he's started have been the last 7, so that's two wins against Japan, three losses against NZ, a loss to SA, and a loss to Australia (again, one of borthwicks only losses to teams ranked lower than england).


"I think I understand were you're coming from, and you make a good observation that the 10 has a fair bit to do with how fast a side can play (though what you said was a 'Marcus neutral' statement)"


no, it wasn't a marcus neutral statement.


"Fin could be, but as you've said with Marcus, that would require a lot of change elsewhere in the team 2 years out of a WC"


how? what? why? Fin could slot in easily; its Marcus who requires the team to change around him.


"Marcus will get a 6N to prove himself so to speak"


yes, the 2022 six nations, which was a disaster, just as its been a disaster every other time he's been given the reigns.

224 Go to comments
LONG READ
LONG READ Gaston Mieres: 'Rugby has been an addiction - a good one' Gaston Mieres: 'Rugby has been an addiction - a good one'
Search