Sunday, 19 May 2019

RFU finances in the spotlight again

I was surprised to read that the RFU have signed off further substantial cuts in spending to its business plan for next season which are certain to result in further redundancies.
This follows the 63 redundancies made last year as part of a major cost-cutting exercise by former CEO Steve Brown who resigned last November.
At the time the RFU ruled out further job losses, but it seems as if the RFU are continuing to overspend to an alarming degree and it is becoming increasingly difficult to escape the whiff of financial mismanagement, especially given the massive profits generated by the 2015 Rugby World Cup.
I guess the most important thing in all of this of course is that RFU Council members continue to enjoy the perks of membership. 

You think there’s no such thing as a free lunch? Think again.

1 comment:

Mike on a bike said...

Do we know what the RFU is spending on? And if there are problems, it would appear that the audit/finance committee aren't doing their job.