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Irish rugby reports €35.7million deficit, faces 'drastic budget cuts' unless fans come back soon
Cash-strapped Irish rugby administrators have reported a deficit of €35.7million for the latest annual accounting period up to July 31 after income fell from €87.5m to €79.2m and expenditure increased from €84.2m to just under €115m coping with the pandemic lockdown of the sport.
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Ireland will finally restart their delayed Six Nations with a home game this Saturday against Italy behind closed doors at the Aviva Stadium and the record €28m surplus reported in summer 2019 after its best-ever financial year is now a distant memory with officials fearing for the future of Irish rugby as a professional sport if it continues not to have fans attend Test and provincial matches in 2021.
In the 39-page report, which was unusually published without the detailed cash accounts, IRFU CEO Philip Browne wrote: “From an IRFU perspective our finances were tracking according to budget (prior to the March lockdown) and there had been a successful launch and sale of over 5,000 ten-year premium seats.
“The IRFU’s financial situation was looking quite positive. That situation has changed dramatically and the IRFU is facing an unprecedented cash flow crisis as we try to work towards the objectives of preserving our national teams and four professional provincial teams, ensuring that we preserve the amateur club game and that we protect our employees and their jobs to the extent that we can.
“Whilst the provinces and the IRFU are currently solvent, that ultimately is a time-limited situation and unless there is a return to some level of normality within the next twelve months, with matches being played in front of some reasonable level of paying spectators, the IRFU and the provinces will have to drastically cut their budgets to ensure costs are covered by the lower revenues.”
Captain’s Run ?
Until tomorrow, @bundeeaki12 ?#ShoulderToShoulder #IREvITA pic.twitter.com/naN6ZPSRWB— Irish Rugby (@IrishRugby) October 23, 2020
Treasurer Tom Grace added: “We’re very fortunate to have cash in the bank and an asset strong balance sheet at the moment. However, these resources won’t last forever and any amounts that we are forced to spend now will affect what we will have to spend in the future when some semblance of normality returns.
“At present, we are able to fund ourselves and the provinces for the next twelve months, even without further remedial action, but this needs to be kept under constant review and our next major review date will be in December.”
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+ Six Nations Preview, Bledisloe and @DylanHartley on how Eddie Jones picked his squad ?
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Comments on RugbyPass
Think you might have written this just before the Brumbies got thrashed last weekend
5 Go to commentsI really do believe that Billy Proctor should be selected at least in the larger squad but also it would be my choice at 13, much more a center than Ioane who can still play at wing. Roigard if fit should play, otherwise it should be Perenara or Christie. Also, Iose could deserve a spot at blindside. Of course, being a Canes supporter I’m biased but I really believe that at least Billy P is deserving a chance and being Holland one of the Selectors, I’m having a little hope he could grab it.
12 Go to commentsI would not play Swinton I’d pick Wright or Hanigan. The rest are decent starters, but can’t agree on any subs except Tupou. My take on the subs: Gibbon, Ueslese, Tupou, LSL, Wilson, White, Will Harrison, and Petaia.
5 Go to commentsSBW the biggest moron to pull on a black jersey a park footy player at best
7 Go to commentsSBW is fast becoming a laughing stock, his misplaced comments & lack of insight Is actually pretty sad.
7 Go to commentsJust well you guys are couch 🛋 potatoes selector's, picking a team of greenhorns to play England! “What are you people smoking?” The halfbacks will be Christie, Fakatava, Perenara Props; Newell, Bower, Lomax, Tunga'fasi, Hookers; Asosa Amua when fit, Taylor, Samisoni,
12 Go to commentsQuite frankly, all this is a bit pathetic. The first time Wales get the Wooden Spoon in 21 years and everyone is on the bandwagon for a ‘play-off’ game. Wales have no obligation to Georgia and no obligation to the rest of the Six Nations to play such a game. If they want Georgia in so badly then they need to include South Africa into a Northern Hemisphere competition with 2 leagues of 4 teams with the top 2 competing for the Championship. Sadly, this will end Triple Crowns and Grand Slams forever. Is this really what you want?
4 Go to commentsI think Finau to start Blackadder to come on. Poss Prokter instead of Ioane, haven't seen much from Reiko so far this year.
12 Go to commentsJoe will have had a good chat with Dave Rennie, a smart move to begin with while it’s doubtful Fast Eddie will be consulted? Plenty of Aus players hitting top form so they should go OK.
5 Go to commentsMmm. Not sure I like this article or see it as necessary.
7 Go to commentsBlackadder but no Finau! 😀 It’s Razor so you are probably right, plus Taylor at 2…
12 Go to commentsThe strongest possible AB side would actually include Aaron Smith, Bodie Retallick, Sam Whitelock, Leicester Fainga'anuku, Shannon Frizzel.. don’t get me started on the rest of the injury hit brigade that got flung on the heap so left. Many a whole not getting filled as of yet.
12 Go to commentsI don’t think anyone knows what Schmidt will do, one thing is certain it ain’t gonna be all the picks we on the keyboard will think. My impression of him is that he will be looking at who can step up and what is the best combination. He will ignore individuals as he looks for guys who can build a powerful team and not just guys who can make a flashy run or ignore the winger as they want to score themselves.
5 Go to commentsSome dumb selections there. Not Porecki Not Donaldson Not Gordon Not Lonegran - both Not Nic White - Fines instead Not Liam Wright Not Paisami Definitely not Vunivalu Other than that not bad.
5 Go to commentsI've never been convinced that Patty T is a test match all black. Otherwise I probably agree it's the best side available to beat the poms. Caveat that Codie Taylor is yet to be seen and could very likely warrant selection by June. I hope that Razor brings the young loosies, half backs and locks into the training squad and develops/ selects the best
12 Go to commentsYou doing the same thing I disliked about the example of Samisoni Taukei'aho, Nick. He’s great the way he is, you’re trying to do what modern-day coaches frustrate me doing, turning everyone into the perfect athlete. Next thing you’ll be telling me you’ll bench him until he’s hit that arbitrary marker, and can’t overtake the current guy who’s doing all his workons. He’s a young Kieran Read, through and through, plays wide and has threat, mainly (and evident in your clips) through his two hand carry and speed. Just let him work on that, or whatever he wants, and determine his own future. Play God and you risk the players going sideways, like Read did, instead of being a Toutai Kefu. I mean I was in the same camp for a while, wanting our tight five to have the size, and carry ability, as the teams they were getting beat by. Now I’m starting to believe those teams just have better skilled and practiced individuals, bigger by upwards of 5kg sometimes, sure, but more influentially they have those intrinsic skills of trust and awareness. Basically our guys just didn’t know wtf they were doing. Don’t think I’m trying to prove a point here but hasn’t Caleb Clarke been in much better form this year, or does he just ‘look’ better now that he’s not always trying to use his size?
44 Go to commentsThe pack lacks a little in height for the line out and I wouldn’t be completely convinced by some of the combinations till we see it in action.
12 Go to commentsThe side is good but lacks experience. International playing bona fides udually trumps super rugby form for good reason. And incumbents are usually stuck with. Codie Taylor should start or come off the bench. B Barrett will start at fullback. Blackadder has not earned the position, Finau has. TJs experience and competitiveness earns him a starting role, Christie or Ratima off the bench
12 Go to commentsPretty good side. Scott Barrett should be the captain. Ethan Blackadder a great choice at blindside. He is going to go from strength to strength having made a couple of starts for the Crusaders. Scott Robertson rates him highly. Perenara could start a no 9.
12 Go to commentsI question and with respect. Was enough done over the last few years to bring through new blood knowing the Whitelocks and co couldn’t last forever. There should have been more done to future proof the team. New squad new coach, he and they weren’t set up well. IMO
6 Go to comments