SARU financial woes episode 141857

SA rugby  suffers net loss of R62millions.

Time to put out SA rugby, it is beyond the point of recovery.

The day I vote for rugby to be terminated in South Africa is the day I vote for South Africa to be scraped clean off the surface of the earth and jettisoned into space (towards the sun).

Then we may start an ew, making amends for the failures of Socialist terrorists. 

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Cape Town - SA Rugby appears to be in dire financial straits after the rugby governing body did a presentation in front of the Portfolio Committee of Sport and Recreation in parliament on Tuesday.

According to the EWN website, SA Rugby suffered a net loss of R62 million in 2017.

The reasons for the heavy loss were attributed to the failed 2023 Rugby World Cup bid and the costs involved in getting the Cheetahs and Southern Kings into the PRO14.

SA Rugby stated that sponsorships of up to R38.5 milliondid not materialise due to the lost World Cup bid, which surprisingly went to France.

The cost of getting the Cheetahs and Kings into the PRO14 was said to be R33 million.

Recently it had become apparent that SA Rugby was struggling financially when it made the controversial decision to cut the budgets of smaller unions by 52%.

This has left the unions fighting for survival, with the Leopards recently indicating they were ready to forfeit the points in some of their Currie Cup First Division away matches due to financial constraints.

Negotiations with the Namibia Rugby Union (NRU) also broke down after SA Rugby had hoped that the NRU would help carry the travel expenses of the SA teams who travelled to Windhoek for Currie Cup First Division games. Namibia subsequently withdrew from the competition last Friday, with SA Rugby saying the NRU couldn't carry the costs anymore.

In November last year, South Africa looked set to beat France, Italy and Ireland for the rights to host the 2023 World Cup.

However, World Rugby’s Council opted to overturn a recommendation that South Africa should host the tournament and instead voted for France to host the tournament in a secret ballot.

I think there were two problems identified namely -

*   the costs incurred to secure the 2023 - which in the end failed; and

*   33 million spent on getting the Kings and the Cheetahs in the PRO14

However, there is another problem - which is long overdue - and that is to disposing of the teams playing in both Super Rugby and PRO 14 to private ownership - as the case is with NH club teams.   That would reduce the pressure on SA RU drastically and the change is long overdue..

In the latter case part of the TV revenue can be retained to fund SAR and the costs attached to the  amateur rugby  and the necessary controls can be built into the system too have sme control over club players.   This should effectively be the only way to go. 

You're overestimating South Africa's business sense Sharkbok 

SB

It is easier for a private company than in the defaulting SARU environment to clean up the mess, .   

Advocating for mass slaughter to make up for the unavoidable termination of SA rugby... Quite the type of tantrums SA rugby will not be missed for.