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#Post#: 23966--------------------------------------------------
Money Trouble at the RFU?
DIR By: Domestos
Date: May 16, 2019, 7:40 am
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Overspending on Twickenham among reasons why RFU now faces
further redundancies.
The Rugby Football Union is facing the prospect of making
further redundancies to its professional game department after
the governing body yesterday signed off cuts of more than
£2.5 million in its business plan for next season.
The expected job losses are likely to come a year after 63 were
lost as part of cost-cutting exercise by former chief executive
Steve Brown, who resigned last November in the wake of
criticisms of the governing body’s financial position.
Last October the RFU ruled out making in any further
redundancies, which hit the community game the hardest but also
included many senior staff, including the finance director and
head of strategy and corporate affairs.
However the deteriorating economic forecast, fixed costs and
overspend on the redevelopment of the East Stand at Twickenham
has forced the governing body to make deeper than expected cuts
to its rugby spending next year.
The RFU recorded losses of more than £30 million last year
and is expected to lose at least £15 million next year,
because of the expense of the World Cup and absence of autumn
Test matches.
With the majority of professional game spending locked into
long-term contracts, it is thought to be impossible to find the
necessary savings without further job losses, although it is not
yet clear where they might occur.
The RFU was forced to follow a “collective consultation” with
staff last year as the redundancies were more than 20, but it is
thought that they will not be to that scale this time.
The RFU has already agreed to cut its community game spending by
£5 million and the governing body’s board, which was
attended by new chief executive Bill Sweeney, yesterday agreed
further cuts to the professional game, which are likely to
affect every department apart from the senior England team’s
budget.
The expenditure for the World Cup in Japan had already been
ring-fenced, despite an overspend of around £900,000 on the
England team last year, as a result of which head coach Eddie
Jones was forced to curb his spending.
The failed plan to make a seven-figure reduction in professional
game expenditure by axing the England Sevens side and
establishing a permanent Team GB squad, with the costs shared
with the Scottish and Welsh Rugby unions, has left the RFU with
little option but to find cuts across all departments.
The RFU spent £70 million on the professional game last
season, but the majority of is committed to legally binding
agreements with the Premiership clubs and payments to England
players. Funding for the Championship is also protected next
season as it is part of the professional game agreement.
#Post#: 23967--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: A222Quin
Date: May 16, 2019, 7:43 am
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And yet still the old bottom pops on the RFU council refuse to
reduce their large expense budgets.
#Post#: 23986--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: DazzaS
Date: May 16, 2019, 10:41 pm
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Why dont the people at the top cut their salaries by half rather
then let the game they are trying to protect go to rot.
They make the blunders, they should pay for it, not make the
ones at the bottom suffer
#Post#: 23988--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: Dibden
Date: May 17, 2019, 1:18 am
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I am told on good authority the new CEO stands no nonsense and
will do whatever is necessary to sort out this mess
#Post#: 23993--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: guest602
Date: May 17, 2019, 3:19 am
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Bill Sweeney has been appointed as the new Chief Executive
Officer of the Rugby Football Union (RFU). He joins from the
British Olympic Association (BOA) where he has been Chief
Executive Officer since 2013.
Before joining the BOA, Bill Sweeney had a successful business
career with senior roles in sports businesses including at
adidas and Puma, as well as corporate management experience
with Shell, Mars and Unilever.
RFU Chairman Andy Cosslett said: "We are delighted to announce
Bill’s appointment as CEO. He brings a rare combination of
experience from the worlds of blue chip business and elite sport
and has a tremendous track record in both. His passion for the
game is deep rooted and this will stand him in very good stead."
Bill Sweeney added: "I leave behind a very strong British
Olympic Association, both financially and in readiness for Tokyo
2020. This is the only opportunity that I would have left the
BOA for. From the grassroots game to our England teams, rugby’s
values and opportunities are very special. I am passionate about
the game and it is an honour to be joining the RFU team."
#Post#: 23995--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: Blucherquin
Date: May 17, 2019, 3:55 am
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He's going to have to sack most of the board to save any money.
They only just voted that they'd rather sack people than give up
their perks and freebies.
HTML https://www.thetimes.co.uk/article/plan-to-curtail-free-trips-rejected-by-rfu-council-3fttftfk2
#Post#: 24001--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: Brown Bottle
Date: May 17, 2019, 4:27 am
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--- Quote from: Blucherquin link ---
>
> He's going to have to sack most of the board to save any
money.
>
> They only just voted that they'd rather sack people than give
up their perks and freebies.
>
>
HTML https://www.thetimes.co.uk/article/plan-to-curtail-free-trips-rejected-by-rfu-council-3fttftfk2
>
>
--- End Quote ---
To be fair, that's the RFU Council, not the board.
#Post#: 24002--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: Blucherquin
Date: May 17, 2019, 4:39 am
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--- Quote from: Brown Bottle link ---
>
> To be fair, that's the RFU Council, not the board.
>
--- End Quote ---
Yeah sorry, wrong word, but you get the general idea.
#Post#: 24008--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: deadlyfrom5yardsout
Date: May 17, 2019, 5:07 am
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Unbelievable. Build a swanky stadium then tell the Head Coach to
curb his spending while you try and pay for it! We need to get
CVC involved here to sort this mess out.
#Post#: 24012--------------------------------------------------
Re: Money Trouble at the RFU?
DIR By: A222Quin
Date: May 17, 2019, 5:09 am
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Kind of the problem Deadly is that the rest of it (South Stand
excluded - isn't that new) North Stand dates from 1991, East
from 1993 and West from 1995. A fair bit of upkeep is required
to keep the place up to scratch and that aint cheap.
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