New Zealand Super Rugby teams get financial lifeline
Grants offered to five clubs as income dries up under corona lockdown
New Zealand Rugby (NZR) has offered a grant of $149,000 (about R2.65m) to each of the country’s five Super Rugby teams to help them get through the next three months while the game remains suspended because of the coronavirus pandemic.
The intercontinental Super Rugby competition was shut down after round seven when the New Zealand government enforced two weeks of self-isolation for anyone entering the country.
Hopes of putting on a domestic competition foundered when government measures to counter the virus were further tightened, leaving the teams with players to pay but no revenue streams.
“An emergency NZR grant of NZ$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,” said NZR chief Mark Robinson.
“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 in 2020, 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 competition will revert to 14 teams for the 2021 season after the axing of the Tokyo-based Sunwolves with the conference system scrapped and a straight round-robin format restored.
All Blacks coach Ian Foster and his staff have taken pay cuts. Twice World Player of the Year Beauden Barrett confirmed at the weekend that the top players would soon follow suit.