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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).
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Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
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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).
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
+ More news   
 
COMPANY PROFILES
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
+ More profiles  
FEATURED SUPPLIER

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...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . 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
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS