NEWS
RFU issues £7m relief package, wants rugby to play 'big role' in energising communities post-outbreak
POSTED 31 Mar 2020 . BY Tom Walker
RFU has launched a support package worth £7m, aimed at providing support for community clubs across England Credit: Shutterstock
I'm confident that rugby will play a big role in energising communities across England after this difficult period
– Bill Sweeney
Rugby Football Union (RFU) chief Bill Sweeney has said the sport wants to play a major part in getting the public back to normality, once the restrictions on everyday life will be lifted following the Coronavirus outbreak.

"I'm confident that rugby will play a big role in energising communities across England after this difficult period," said Sweeney, who was appointed chief executive of the RFU in February 2019.

"In the meantime, we are working hard with the wider rugby community to take the necessary measures to safeguard a financially resilient Union."

Sweeney was speaking to the media after the RFU launched a support package worth £7m, providing financial support for community clubs across England.

Funded directly from the RFU coffers, the relief package includes a £5m support loans programme, offering loans of between £2,000 and £10,000 to clubs, with deferred re-payments for six months and repayable over three years.

Clubs with outstanding loans due in March 2020 have also seen their quarterly loan repayments suspended until further notice.

RFU will also activate an early release of funding payments of around £600,000 to constituent bodies, allowing them to provide immediate support grants to the clubs most in need. The activity plans, against which the funding was originally allocated, have been suspended due to the closure of all facilities.

Sweeney added that the relief package has been made despite the national governing body experiencing a tough financial period – made worse by the inability to generate revenues from Twickenham, the national stadium.

"We had budgeted for a loss-making year within a four-year cycle, due to the costs of the 2019 Rugby World Cup campaign and hosting only two home Six Nations games," Sweeney said.

"The loss will now be considerably more as we face challenges similar to businesses across the country.

"Our biggest asset is also a major cost and the closure of Twickenham Stadium has a significant impact on the revenues we can generate to re-invest back into the game.

"In that sense, we are like every other club in the Union – when we do not stage matches and events we do not generate revenue.

"Based on our planning assumption we estimate RFU revenue losses over the next 18 months to be approximately £45-£50m and have a firm plan in place to mitigate this.

"The RFU executive team will be taking a cut in remuneration in excess of 25 per cent. In addition, combined board fees will be reduced by 75 per cent."
RELATED STORIES
  £195m package announced to help physical activity sector through coronavirus outbreak


A total of £195m of National Lottery funding has been made available to help the sport and physical activity sector through the ongoing coronavirus (Covid-19) crisis.
  Huw Edwards: physical activity sector adapting to closures, but reports of eviction threats are shameful


The physical activity sector is adapting to the difficult circumstances caused by COVID-19 (Coronavirus), according to ukactive CEO Huw Edwards.
  Coronavirus: Welsh leisure centres and stadiums being converted into hospital wards


Leisure centres and stadiums are being transformed into emergency hospital wards in Wales, as part of measures to tackle the unprecedented challenges placed on the NHS.
  Coronavirus: Tokyo Olympic Games postponed to 2021


The Tokyo 2020 Olympic Games have been postponed until 2021, following talks between International Olympic Committee (IOC) president Thomas Bach, Japan's Prime Minister Shinzo Abe and key members of the Tokyo 2020 Organising Committee (TOCOG).
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - RFU issues £7m relief package, wants rugby to play 'big role' in energising communities post-outbreak...
03 May 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

31 Mar 2020

RFU issues £7m relief package, wants rugby to play 'big role' in energising communities post-outbreak
BY Tom Walker

RFU has launched a support package worth £7m, aimed at providing support for community clubs across England

RFU has launched a support package worth £7m, aimed at providing support for community clubs across England
photo: Shutterstock

Rugby Football Union (RFU) chief Bill Sweeney has said the sport wants to play a major part in getting the public back to normality, once the restrictions on everyday life will be lifted following the Coronavirus outbreak.

"I'm confident that rugby will play a big role in energising communities across England after this difficult period," said Sweeney, who was appointed chief executive of the RFU in February 2019.

"In the meantime, we are working hard with the wider rugby community to take the necessary measures to safeguard a financially resilient Union."

Sweeney was speaking to the media after the RFU launched a support package worth £7m, providing financial support for community clubs across England.

Funded directly from the RFU coffers, the relief package includes a £5m support loans programme, offering loans of between £2,000 and £10,000 to clubs, with deferred re-payments for six months and repayable over three years.

Clubs with outstanding loans due in March 2020 have also seen their quarterly loan repayments suspended until further notice.

RFU will also activate an early release of funding payments of around £600,000 to constituent bodies, allowing them to provide immediate support grants to the clubs most in need. The activity plans, against which the funding was originally allocated, have been suspended due to the closure of all facilities.

Sweeney added that the relief package has been made despite the national governing body experiencing a tough financial period – made worse by the inability to generate revenues from Twickenham, the national stadium.

"We had budgeted for a loss-making year within a four-year cycle, due to the costs of the 2019 Rugby World Cup campaign and hosting only two home Six Nations games," Sweeney said.

"The loss will now be considerably more as we face challenges similar to businesses across the country.

"Our biggest asset is also a major cost and the closure of Twickenham Stadium has a significant impact on the revenues we can generate to re-invest back into the game.

"In that sense, we are like every other club in the Union – when we do not stage matches and events we do not generate revenue.

"Based on our planning assumption we estimate RFU revenue losses over the next 18 months to be approximately £45-£50m and have a firm plan in place to mitigate this.

"The RFU executive team will be taking a cut in remuneration in excess of 25 per cent. In addition, combined board fees will be reduced by 75 per cent."



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024   03 May 2024

The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant .... more>>
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma   03 May 2024

High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River. Set .... more>>
Belgian start-up, Moonbird, is on a mission to teach the world to breathe
Belgian start-up, Moonbird, is on a mission to teach the world to breathe   02 May 2024

Moonbird is a tactile breathing coach, which provides real-time biofeedback, measuring heart rate and heart rate variability. Studies show it can .... more>>
Barry’s considers next investor move, as North Castle Partners looks to exit
Barry’s considers next investor move, as North Castle Partners looks to exit   02 May 2024

Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to be looking at strategic options, including taking on a new .... more>>
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand   30 Apr 2024

US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a .... more>>
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom   01 May 2024

Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain .... more>>
Company profile


TRP (powered by Fitronics)

Fitronics is the parent company of TRP, CoursePro and Member Experience Awards and is part of the wider Jonas Group of Companies. We truly understand our customers' needs and challenges and become an invaluable extension of their team.

View full profile>>

Catalogue gallery


Featured Supplier

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Duty Manager
Salary: Competitive
Location: Middlesbrough
Company: Everyone Active
Duty Manager Golf and Athletics
Salary: £30,027pa + non-contrib pension + benefits
Location: Stockwood Park Golf Club, London Road, Luton, UK
Company: Active Luton
Leisure Centre Duty Manager
Salary: £24,687.57pa + pension + health care + benefits
Location: Uppingham, Oakham, UK
Company: Uppingham School
Diary dates
Powered by leisurediary.com

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd