Rugby Soccer Union estimates £45-50m misplaced earnings over subsequent 18 months

Rugby Football Union estimates £45-50m lost revenue over next 18 months

The closure of Twickenham has a “important affect on revenues”, in step with RFU leader government Invoice Sweeney

The Rugby Soccer Union is braced for misplaced earnings of as much as £50m over the following 18 months because of the coronavirus outbreak.

Leader government Invoice Sweeney says the closure of Twickenham all through the pandemic can have a “important affect on revenues”.

The RFU has additionally supplied a aid package deal of £7m to lend a hand suffering neighborhood golf equipment, principally thru loans.

Sweeney and different executives may also be taking a pay minimize of greater than 25%.

“The RFU had budgeted for a loss-making 12 months inside a four-year cycle because of the prices of the 2019 Rugby Global Cup marketing campaign and internet hosting handiest two house Six International locations video games,” Sweeney mentioned in a observation.