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Local rugby industry preparing to cut up to R1-billion from its budget over the next eight months

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The local rugby industry is preparing to cut up to R1-billion from its budget over the next eight months to ensure post Covid-19 viability.

SA Rugby announced on Tuesday through its Industry Financial Impact Plan that the industry is hoping to cut between R700 million and R1 billion.

SA Rugby believes the savings will be achieved through reduced expenditure caused by the cancellation of competitions‚ cuts in other operational budgets and in salary reductions. Roux said that the salary reductions had been agreed in principle by the collective and were now being communicated to those affected before final approval through the various governance channels of SA Rugby‚ MyPlayers‚ Sports Employees Unite and the individual unions.

“This IFIP has been formulated against a worst-case scenario where we are not able to resume play for the rest of the year. “In terms of other teams’ participation in certain competitions‚ and the hosting of other tournaments‚ we are currently on a return to train and play readiness plan‚ but this is dependent on Government advice and decisions as the pandemic evolves.”

 

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