South Africa’s four URC franchises – the Stormers, Bulls, Sharks and Lions – are each set to receive a R50 million share of SA Rugby’s R400m revenue earned from broadcasting rights and sponsorships.
According to Sunday newspaper Rapport, SA Rugby has allowed representatives from the 15 unions to decide how to divide the income.
An ad hoc committee, made up of representatives from the 15 unions, have made proposals, which have been discussed by the country’s rugby bosses and are expected to be approved by SA Rugby’s council in the next month.
The proposal that is reportedly most likely to be accepted will see the Stormers, Bulls, Sharks and Lions each get R50m, which is more than a 20% increase on the R41m annual payment they previously received.
The Cheetahs, who participate in the EPCR Challenge Cup, are set to receive R27m, while Griquas and the Pumas will each deposit R24m into their coffers. This is almost a 50% increase on the annual R16.4m payment to domestic franchises.
Meanwhile, the smaller unions will each receive R17m (up from R10.5m).
Photo: Ashley Vlotman/Gallo Images
The post SA unions get R400m boost appeared first on SA Rugby magazine.
Src: sarugbymag.co.za
