Championship Funding new
Posted by: Pirate15 (IP Logged)
Date: 13 October, 2023 19:24
Coventry rugby Executive Chairman Jon Sharp has posted a statement online in which he reveals details of the proposed new RFU/PRL agreement.
Very worrying are his comments about the possible levels of funding for the next 8 years.
" Many informed critics of the previous eight-year PGA claimed the RFU could not afford it. However, the new PGP apparently increases the amount provided to Premiership Rugby Limited (PRL) by ?76m to ?296m.
Because 27 per cent of PRL is owned by CVC Capital Partners, the latter will receive c.?80m of this. While unconfirmed it is believed that during the new PGA, the Championship will receive c.?32m over the same eight years.
If these figures are correct then it makes a mockery of Bill Sweeney's recent comments in support of the championship (Premiership 2).
The one bright spot is that the RFU have handed back the rights to sponsorship and media to the league who are now free to seek their own league sponsor and any TV coverage.
Topic: Championship Funding - nicked from Pirates (Read 1114 times)
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