New Zealand Rugby (NZR) has announced wage cuts for its staff as it faces up to huge losses as a result of the coronavirus pandemic and confirmed its five Super Rugby franchises will receive grants.
Reports suggest the governing body could lose out on 100million New Zealand dollars in revenue.
Chief executive Mark Robinson said NZR staff and its board are taking a 40 per cent cut for at least three months.
It follows similar measures taken by other top-tier rugby nations.
“It’s an incredibly challenging time, we have fantastic rugby people all around the country at the moment dealing with difficult financial circumstances,” Robinson told reporters.
NZR also confirmed its Super Rugby teams will receive an emergency grant to help ensure they are prepared for when the competition can resume.
“An emergency NZR grant of $250,000 each is to be made available to all Super Rugby clubs for the next three months which is seen as a critical supplement to other financing options or levers being considered by the clubs,” Robinson added.
“Super Rugby is a vital part of our rugby eco-system and has a solid 25-year track record as a strong and admired rugby competition that has valuable intellectual property and a legacy of world-class rugby.
“These decisions are about protecting the core capability of the Super Rugby clubs so that they are ready to hit the ground running if Super Rugby resumes later this year, and also be in a position to revive and participate in Super Rugby in whatever shape it takes in 2021 and beyond.
“The Super Rugby clubs and NZR have also agreed to pause the negotiation of Super Rugby franchise licenses and use this time to review the business principles and governance of the competition so that the future of the clubs is sustainable, and they are match ready.”
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