IMPORTANT Remember to read the rules of the board and abide by them when posting. |
DCMS report into rugby finances |
Post Reply |
Author | ||
FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5268 |
Post Options
Thanks(0)
Posted: 17 Jan 2023 at 01:12 |
|
DCMS report does not make pretty reading. "Premiership Rugby club finances are "clearly unsustainable", a damning parliamentary report has concluded. The Digital, Culture, Media and Sport (DCMS) select committee report said the recent demise of Wasps and Worcester Warriors puts a "stain on the reputation" of the sport's authorities." No one at the top of the game comes out with any credit and conclusion is that Premiership rugby is unsustainable, PRL & RFU reliance on increased income is naive (my word). Very critical of management oversight of Premiership and RFU
Edited by FHLH - 17 Jan 2023 at 02:43 |
||
"My father told me big men fall just as quick as little ones, if you put a sword through their hearts."
|
||
Kimbo
World Cup Winner Joined: 31 May 2007 Location: 'incleh Status: Offline Points: 6261 |
Post Options
Thanks(0)
|
|
"The financial situation of Premiership clubs is clearly unsustainable, and we are surprised by the very complacent belief of Bill Sweeney and Simon Massie-Taylor that further growth in club revenues will solve these problems," the report said.
Yep.
|
||
Our Club |
||
Pistacio
World Cup Winner Joined: 01 Aug 2013 Location: London/Lisbon Status: Offline Points: 312 |
Post Options
Thanks(0)
|
|
is there a copy of this report anywhere? its not coming to any of us that run clubs as a surprise is it?
|
||
Richard Lowther
Coaching staff Moderator Joined: 19 May 2007 Location: England Status: Offline Points: 6532 |
Post Options
Thanks(1)
|
|
Anyone with both open eyes and an open mind knew all this already.
The question is will this report make any difference?
|
||
WEvans
World Cup Winner Joined: 08 Dec 2016 Location: London Status: Offline Points: 1382 |
Post Options
Thanks(0)
|
|
Absolutely. A totally pointless exercise resulting in a discredited body belatedly criticising a discredited professional sport.
|
||
FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5268 |
Post Options
Thanks(0)
|
|
Probably won't be published yet as RFU and PRL have been offered a right of reply
|
||
"My father told me big men fall just as quick as little ones, if you put a sword through their hearts."
|
||
islander
World Cup Winner Joined: 17 Mar 2010 Location: jersey Status: Offline Points: 7389 |
Post Options
Thanks(1)
|
|
|
||
dumbape
World Cup Winner Joined: 23 Oct 2008 Status: Offline Points: 864 |
Post Options
Thanks(0)
|
|
Below is one of the opening statements of the Report.
___________ Governance 1. The financial situation of Premiership clubs is clearly unsustainable, and we are surprised by the very complacent belief of Bill Sweeney and Simon Massie-Taylor that further growth in club revenues will solve these problems. (Paragraph 7) __________ This statement alone is absolutely damning. I have rarely seen such a description in these reports. On reading the report page after page provides an evidence of failure across the RDU and confirms to me that clubs have a duty to act in the interest of the game as a whole. I await the report and accounts of the RFU and the General Meeting with great interest. If we see any kind of whitewashing of what is deep rot in the governance of the game and what the Parliamentary committee described ‘very complacent attitude’ of the very people responsible, those who love the game in clubs across the country must act to hold them to account. It is time. Edited by dumbape - 18 Jan 2023 at 00:14 |
||
What a blessing it would be if we could open and shut our ears as easily as we open and shut our eyes!
|
||
dumbape
World Cup Winner Joined: 23 Oct 2008 Status: Offline Points: 864 |
Post Options
Thanks(0)
|
|
The download link is below:
https://committees.parliament.uk/publications/33522/documents/182267/default/ |
||
What a blessing it would be if we could open and shut our ears as easily as we open and shut our eyes!
|
||
Tiger
First XV regular Joined: 04 Feb 2011 Status: Offline Points: 71 |
Post Options
Thanks(0)
|
|
The only decent thing Sweeney can do is resign
|
||
dumbape
World Cup Winner Joined: 23 Oct 2008 Status: Offline Points: 864 |
Post Options
Thanks(0)
|
|
The current batch of RFU Blazers, that Carling so aptly described, really do have to take a deep breath, look in the mirror and decide if they are going to continue to be the enablers for this shambles.
The health of the game, in the biggest union in the world, is at an all time low. In all areas of the game clubs are suffering while back room deals are being struck that ultimately cost them real money. CVC have injected cash, but now the bosses at HQ have lost the ability to control how income is developed and dispersed at the highest levels of the game. They have also totally lost the plot as well as the confidence of many rugby club. If the RFU had listed shares then their value would mean the tiddlywinks association could mount a hostile takeover! The Gruesome Twosome called out in Parliamentary Report have lost any credibility to lead and should step down immediately. Again, in a listed company their positions would be completely untenable… Parliament no less has basically called them clowns … pot and kettle spring to mind but Hey Ho! The Annual Accounts will be interesting and I suspect we’ll see a lot of blame assigned to Covid. However, real problem is long standing and quite different. There has been little vision and a complete failure to manage the resilience of the game or even create a credible long term for English Rugby. Like a Huckleberryly Pear they are staggering and stumbling from lamppost to lamppost desperately needing the support while declaring they are fine … even to drive. Investors, such as CVC, do bring some money into the game, but their business model means they MUST take out far more. Ealing TrailFinders and Donny both showed the kind right of management discipline by developing sensible plans and refusing to throw millions at 10,000 seater stadiums until it was justified. This prudence and responsible management was rewarded with a kick in the teeth. This happened while HQ & PLR was getting into bed with a corporate equivalent of a pay day lender. IMO It is highly unlikely that community clubs will get much, if anything, from this new dynamic ‘relationship’. More likely there’ll be less, much less as money is channeled into corporate coffers or golden share holder in the Premiership. Edited by dumbape - 19 Jan 2023 at 08:24 |
||
What a blessing it would be if we could open and shut our ears as easily as we open and shut our eyes!
|
||
corporalcarrot
World Cup Winner Joined: 22 Sep 2013 Location: St Brelade Status: Offline Points: 4724 |
Post Options
Thanks(0)
|
|
7. The financial situation of Premiership clubs is clearly unsustainable, and we are
surprised by the very complacent belief of Bill Sweeney and Simon Massie-Taylor that
further growth in club revenues will solve these problems.
The DCMS Committee hearing was reprised on BBC parliament and should be available on demand for anyone who hasn't seen it. I would have replaced the word complacent with brazen in this statement.
|
||
Dont kick it. Pick it up and GO FORWARD.
|
||
tigerburnie
World Cup Winner Joined: 10 Jun 2012 Location: Scotland Status: Offline Points: 3649 |
Post Options
Thanks(0)
|
|
I see the government have just confirmed a new soccer regulator, maybe it's about time rugby got one too.
|
||
WEvans
World Cup Winner Joined: 08 Dec 2016 Location: London Status: Offline Points: 1382 |
Post Options
Thanks(0)
|
|
Maybe but do government regulators actually do any good?
|
||
Raider999
World Cup Winner Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4434 |
Post Options
Thanks(0)
|
|
They certainly make the cost of gas & electricity higher |
||
RAID ON
|
||
Post Reply | |
Tweet
|
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |