RFU president defends hefty bonuses amid financial losses
- Rob Udwin defended the RFU's financial health, indicating it has no current debt and substantial reserves.
- Bill Sweeney's bonus has sparked outcry, particularly as the RFU faced significant financial losses and layoffs.
- The RFU maintains that their long-term strategy is on track despite public criticism regarding executive remuneration.
In England, the Rugby Football Union (RFU) has come under intense scrutiny following an operating loss of nearly £40 million for the year, paired with substantial bonuses awarded to its executives. Rob Udwin, the president of the RFU, sent an email to council members and former presidents claiming that the outrage regarding the bonus payouts is merely 'media spinning'. He reported that the RFU remains financially stable, with over £50 million in the bank and £80 million in reserves, countering the negative press surrounding the executive salaries. Amid this financial turbulence, RFU chief executive Bill Sweeney received a £358,000 bonus, bumping his annual earnings to £1.1 million, which has drawn widespread criticism, particularly from prominent figures like Sir Clive Woodward. The publication of these figures follows a challenging period for rugby in England, particularly post-Covid, which saw significant revenue reductions as public attendance at matches was restricted. Sweeney defended the bonuses as a necessary incentive to maintain a strong executive team during a time of upheaval within the sport and emphasized that the long-term incentive plan was put in place to reward those who contributed to stabilizing the organization during hard times. Udwin justified the bonuses by highlighting that the executive team had previously accepted deeper salary cuts than other staff and reduced bonuses during the pandemic, demonstrating their commitment to the RFU in challenging times. He described this incentive as essential for securing leadership continuity in a period plagued by instability. Ultimately, despite strong backlash from media and critics alike, Udwin maintained that the RFU is on track to achieve financial balance in the coming years, seeking to reposition the organization for future success in English rugby.