RFU fear losing massive £50m in revenue from coronavirus pandemic
Eddie Jones will be asked to take 25 per cent pay cut from £750,000-a-year salary as RFU fear losing £50m in revenue from coronavirus pandemic without use of Twickenham
- Chief executive Bill Sweeney said that ‘huge losses’ will be incurred this year
- He insisted there is a plan in place to mitigate it including 25 per cent pay cuts
- RFU on Wednesday night provided £7m to help the struggling community game
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Eddie Jones will be asked to take at least a 25 per cent pay cut as the RFU fear they will lose up to £50m in revenue during the coronavirus pandemic without the use of their prize asset, Twickenham stadium.
The England boss has not yet followed CEO Bill Sweeney and RFU executives by cutting his £750,000-a-year salary, but it is understood he and his coaching team may have to soon.
If no rugby is played until the autumn – the ‘medium-term impact’ forecasted by the English Union – Sweeney expects big losses.
Eddie Jones will be asked to take a 25 per cent pay cut from his £750,000-a-year salary
‘We estimate RFU revenue losses over the next 18 months to be approximately £45-£50 million and have a firm plan in place to mitigate this,’ he Sweeney.
The RFU on Wednesday night provided £7m to help the community game – £5m of which is a loan programme.
The rest will come via bringing forward money already ring-fenced for clubs in National One and below.
Bill Sweeney predicts massive losses with the forecast up approximately £45-50million
Twickenham provides the RFU with enormous revenue but is out of action due to coronavirus
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