Prev Game: Guinness PRO12 Sat 10th May

prev game - Ospreys
team 1 score team 2
Ospreys 45 - 20 Connacht

Next Game: Guinness PRO12 Fri 5th Sep

next game - Ospreys
team 1 score team 2
Ospreys 19:35 Treviso

Welsh Rugby Union to help out professional regions with intrest-free loans

Last Updated: 18/02/14 5:24pm

  • Share:

Sky Bet

    • Retrieving latest Sky Bet odds

The Welsh Rugby Union has agreed to give its four professional regions interest-free loans.

Cardiff Blues, Ospreys, Scarlets and Newport Gwent Dragons will enjoy a share of £660,000, to ease their cash-flow problems caused by European Rugby Cup's decision to withhold tournament payments.

The regions had each been expecting a pay out of around 200,000 euros from the ERC but this has been held back ahead of future discussions.

The payments were due to be made earlier this month to the teams taking part in this season's European club competitions.

However, the ERC said its decision to postpone payments followed legal advice received by its board.

In a statement, the WRU said: "The Welsh Rugby Union Board has approved requests from the four regional organisations for financial assistance in the form of interest-free loans totalling £660,000.

"This will help their cash-flow as a result of the recent decision of the ERC board not to release financial distributions to participants in ERC's tournaments.

"In a statement on Wednesday, February 5, ERC explained that the unanimous decision to postpone financial distributions followed preliminary professional advice received by the ERC board and was taken in the best interests of ERC."

  • Share:


Most Popular


Rugby Roots

Rugby Roots

The Rugby Club is continuing its ‘Rugby Roots’ feature and wants to hear what makes your club so special!

The Off Load

The Off Load

Rupert Cox reviews the weekend's rugby including the brilliant All Blacks and the glorious Pumas.

Munster on the rise

Munster on the rise

Stuart Barnes says Munster will be the biggest threat to Leinster’s bid for a third Guinness PRO12 title.