Rugby Finances
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FIji made a profit last FY.
https://fijisun.com.fj/2020/07/19/fiji-rugby-makes-profit/
A few weeks a back, was article that FIji hosting Maori ABs cost a fee of $250k NZ. Article didn't mention if thefee was worth it (in terms of gate revenue etc)
https://www.rugbypass.com/news/fiji-had-to-pay-250000-match-fee-to-new-zealand-maori-all-blacks/I was curious about the Maori ABs tour the year before to Canada, Brazil, Chile. There were fees, but no news of amount. Can assume similar. All 3 were copmmercial successes, though.
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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....
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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....
@Rapido said in Rugby Finances:
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).
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@Rapido said in Rugby Finances:
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).
@nzzp said in Rugby Finances:
@Rapido said in Rugby Finances:
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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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
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another salary cap shenanagin
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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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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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@Rapido bloody hell, it's been easy to forget just how much crowds mattered to the franchises eh.
@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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The Blues must have some high operational costs if they will be near to break even at best with those huge crowds.
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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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Other code. But gee, this must be bad timing for the Warriors. Forced to punt a perfectly good main sponsor in current climate.
@Rapido When will they wake up to the fact the NRL doesn't want them?
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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
