Select Edition

Northern Northern
Southern Southern
Global Global
NZ NZ

French owner issues stinging rebuke to rivals who claim rugby players are generally overpaid

By Online Editors
(Photo by Mike Hewitt/Getty Images)

Jacky Lorenzetti has no intention of joining in the chorus that rugby players are paid too much and that one legacy ramification of the current coronavirus pandemic must be that salaries should be lower than they are in 2019/20.

ADVERTISEMENT

The Racing 92’s president’s wings may have been clipped this week by his admission that the Parisians have failed in their ambitious seven-figure plan to secure the loan services of Maro Itoje next season. But he has no interest in siding with club owners in France and England who believe the stoppage to fight the virus outbreak is a perfect opportunity to reset the sport and bring spiralling player wages under control.

Lorenzetti’s business ventures, such as a calendar of sold-out concerts at Racing’s ground and his wine portfolio, have been hard hit by the pandemic, but he doesn’t believe rugby needs to cut its cloth to manage its bottom line going forward. 

Video Spacer

Marcus Smith takes on Huw Jones in in the latest round of the RugbyPass FIFA charity tournament

Video Spacer

Marcus Smith takes on Huw Jones in in the latest round of the RugbyPass FIFA charity tournament

In an interview in the latest edition of Midi Olympique, the French bi-weekly rugby publication, the business magnate spoke about the current player salary cuts that have spread through the game globally. “I ask you a question: would you agree to lower your salary by 30 per cent? Wages in rugby are not extravagant. So I’m not a staunch defender of lower wages,” he said, dismissing the likes of Montpellier president Mohed Altrad, who revealed that his club lost €700,000 due to the stoppage. 

“We are all talking about heavy losses in the Top 14 budgets but we are not talking about the considerable aid from the government. Our players receive from the state 84 per cent of their net salary, do you realise? We are talking about significant wages, wages far above the income of those who touch the minimum wage twice to save our lives. The French social system is exceptional. So stop crying, it becomes indecent. Rugby is not just about numbers and scribbles of accountants.

“I have been in rugby for twelve years. I’ve never seen a club shut down before. In the Top 14, everyone has their economic model but it works: the investment of a patron who takes care of their ego a little; the intervention of social patrons like in Clermont or Castres, who have created clubs to distract the city because what would Clermont and Castres be without rugby clubs? 

“The CO, the ASM, these are the headlights of the week. There is also the classic model of a club that relies on its territory, such as Toulouse, Bordeaux or La Rochelle. And then there are entrepreneurs like me who are trying out a new model.

ADVERTISEMENT

“I’ve put in €35 million over the past ten years, but now Racing and the Arena operates in near independence. The break-even point would be an average of 15,500 spectators at the Arena. And we are not very far…”

Lorenzetti refused to be downcast by the current situation, despite its potential cashflow implications. “The situation is not far from being catastrophic for our performance hall,” he admitted. 

“McCartney is 40,000 seats. Green Day, 40,000 seats. And then we sold close to 200,000 tickets for Celine Dion. So there you have it, today we have to talk to agents, insurers and producers to find solutions. The futures (in the wine business) were postponed because there were no longer any Asian, Russian or American customers. Today, I have over a million bottles on my back. Won’t you help me drink them?

“Yeah, it’s weird, all that. The stock market is collapsing, the real estate is at a standstill but still, morale is good. We will defeat the baby, the rebound will be good… I’m an eternal optimist and I don’t have to complain. The real heroes of this time, it’s the doctors and nurses who are fighting to save lives.”

ADVERTISEMENT
ADVERTISEMENT

Join free

Chasing The Sun | Series 1 Episode 1

Fresh Starts | Episode 1 | Will Skelton

ABBIE WARD: A BUMP IN THE ROAD

Aotearoa Rugby Podcast | Episode 9

James Cook | The Big Jim Show | Full Episode

New Zealand victorious in TENSE final | Cathay/HSBC Sevens Day Three Men's Highlights

New Zealand crowned BACK-TO-BACK champions | Cathay/HSBC Sevens Day Three Women's Highlights

Japan Rugby League One | Bravelupus v Steelers | Full Match Replay

Trending on RugbyPass

Comments

Join free and tell us what you really think!

Sign up for free
ADVERTISEMENT

Latest Features

Comments on RugbyPass

S
Sam T 5 hours ago
Jake White: Let me clear up some things

I remember towards the end of the original broadcasting deal for Super rugby with Newscorp that there was talk about the competition expanding to improve negotiations for more money - more content, more cash. Professional rugby was still in its infancy then and I held an opposing view that if Super rugby was a truly valuable competition then it should attract more broadcasters to bid for the rights, thereby increasing the value without needing to add more teams and games. Unfortunately since the game turned professional, the tension between club, talent and country has only grown further. I would argue we’re already at a point in time where the present is the future. The only international competitions that matter are 6N, RC and RWC. The inter-hemisphere tours are only developmental for those competitions. The games that increasingly matter more to fans, sponsors and broadcasters are between the clubs. Particularly for European fans, there are multiple competitions to follow your teams fortunes every week. SA is not Europe but competes in a single continental competition, so the travel component will always be an impediment. It was worse in the bloated days of Super rugby when teams traversed between four continents - Africa, America, Asia and Australia. The percentage of players who represent their country is less than 5% of the professional player base, so the sense of sacrifice isn’t as strong a motivation for the rest who are more focused on playing professional rugby and earning as much from their body as they can. Rugby like cricket created the conundrum it’s constantly fighting a losing battle with.

4 Go to comments
E
Ed the Duck 12 hours ago
How Leinster neutralised 'long-in-the-tooth' La Rochelle

Hey Nick, your match analysis is decent but the top and tail not so much, a bit more random. For a start there’s a seismic difference in regenerating any club side over a test team. EJ pretty much had to urinate with the appendage he’d been given at test level whereas club success is impacted hugely by the budget. Look no further than Boudjellal’s Toulon project for a perfect example. The set ups at La Rochelle and Leinster are like chalk and cheese and you are correct that Leinster are ahead. Leinster are not just slightly ahead though, they are light years ahead on their plans, with the next gen champions cup team already blooded, seasoned and developing at speed from their time manning the fort in the URC while the cream play CC and tests. They have engineered a strong talent conveyor belt into their system, supported by private money funnelled into a couple of Leinster private schools. The really smart move from Leinster and the IRFU however is maximising the Irish Revenue tax breaks (tax relief on the best 10 years earnings refunded at retirement) to help keep all of their stars in Ireland and happy, while simultaneously funding marquee players consistently. And of course Barrett is the latest example. But in no way is he a “replacement for Henshaw”, he’s only there for one season!!! As for Rob Baxter, the best advice you can give him is to start lobbying Parliament and HMRC for a similar state subsidy, but don’t hold your breath… One thing Cullen has been very smart with is his coaching team. Very quickly he realised his need to supplement his skills, there was talk of him exiting after his first couple of years but he was extremely shrewd bringing in Lancaster and now Nienaber. That has worked superbly and added a layer that really has made a tangible difference. Apart from that you were bang on the money… 😉😂

5 Go to comments
TRENDING
TRENDING Leinster set for 'hugely exciting' stadium move next season Leinster set for 'hugely exciting' stadium move next season
Search