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#Post#: 127643--------------------------------------------------
Premiership Rugby make redundancies as senior staff leave
DIR By: deadlyfrom5yardsout
Date: September 11, 2024, 5:14 am
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Exclusive: Chief financial officer and chief commercial officer
among those to depart organisation
Gavin Mairs,
Chief Rugby Union Correspondent
10 September 2024 • 8:21pm
Premiership Rugby, the umbrella organisation that manages the
top league in English club rugby, has made three senior
executives redundant as part of a major restructuring of the
business.
The revelation comes a day after news broke that the Rugby
Football Union intends reduce its staff by more than 40 in a
huge restructure, its third major staff reduction in six years.
It is understood that Premiership Rugby, which signed a £264
million deal with the RFU last week as part of a new
professional game partnership, made its chief financial officer
(CFO), chief commercial officer and community and corporate
social responsibility director redundant in June.
The new-look executive team will see the commercial and
marketing roles merged, with the finance director assuming the
responsibilities of the departed CFO.
The restructuring is said to have reflected the company’s need
to cut costs, future-proof and deliver the company’s strategy
after the signing of the eight-year deal with the RFU, which
includes attracting new investment in the clubs.
It is also thought to reflect efficiencies that will be made
from the new partnership with the RFU, which includes a ‘joint
marketing agreement’ aimed at driving club attendances and
growing TV audiences and social media presence.
Premiership Rugby, which employs around 40 people and is owned
by the clubs and CVC, the private equity firm that holds a 27
per cent stake in the company, is tasked with driving commercial
revenue, including broadcast and sponsorship deals.
It is also responsible for key areas of governance of the
league, including the salary cap and minimum standards criteria
and code of conduct.
It is a significantly smaller organisation than the RFU which
informed staff on Monday that between 40 and 45 roles would be
affected by its latest restructure. The RFU employs 574
full-time staff members, split between: rugby development,
stadium, commercial and administration and professional rugby.
Sixty-four employees have been told they are “at risk” and 22
new roles will be created. The RFU anticpates some 42
redundancies. The process is expected to be completed by
October.
Premiership Rugby declined to comment.
#Post#: 127650--------------------------------------------------
Re: Premiership Rugby make redundancies as senior staff leave
DIR By: northstand
Date: September 11, 2024, 11:48 am
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Don’t know the specific ins and outs but it would probably be a
better financial move both initially and longer term to just get
rid of Sweeney
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