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World Rugby announce relief fund for cash-strapped nations
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<blockquote data-quote="Groundhog" data-source="post: 993932" data-attributes="member: 50079"><p>"For 6 Nations and SANZAAR unions, the financial package will potentially involve a combination of advances and loans, while World Rugby is also committed to supporting emerging nations and regional associations where required."</p><p></p><p>My question is, what are the supports for emerging nations and regional associations if not advances and loans? My guess is that World Rugby are willing to advance money that SANZAAR and 6 Nations countries demonstrably would have earned money from their competitions, but will take it on a case by case basis for the emerging nations who didn't have the same relatively stable annual cash flow from a major tournament. I may well be talking out my hoop here, but what do others think? I think the fund is ultimately there to ensure that no union big or small goes under, despite the strange wording.</p></blockquote><p></p>
[QUOTE="Groundhog, post: 993932, member: 50079"] “For 6 Nations and SANZAAR unions, the financial package will potentially involve a combination of advances and loans, while World Rugby is also committed to supporting emerging nations and regional associations where required.” My question is, what are the supports for emerging nations and regional associations if not advances and loans? My guess is that World Rugby are willing to advance money that SANZAAR and 6 Nations countries demonstrably would have earned money from their competitions, but will take it on a case by case basis for the emerging nations who didn't have the same relatively stable annual cash flow from a major tournament. I may well be talking out my hoop here, but what do others think? I think the fund is ultimately there to ensure that no union big or small goes under, despite the strange wording. [/QUOTE]
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World Rugby announce relief fund for cash-strapped nations
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