UK Announces Major Financial Support For Rugby Clubs

The Government has announced the latest tranche of funding from the winter phase of its Sport Survival Package, which will see £88 million in loan support provided to Premiership Rugby Union clubs. Clubs have been through a rigorous application and due diligence process to determine their financial needs. The support will cover essential survival costs due to the lack of spectators for an extended period due to the coronavirus pandemic. In many cases owners have been required to inject additional support alongside that provided by the government to protect their clubs. Premiership Rugby clubs …

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HEDGE accordingly