Premiership Rugby: Clubs
The question
To ask the Secretary of State for Culture, Media and Sport, what assessment her Department has made of the adequacy of the financial position of Premiership Rugby Union clubs in meeting COVID-19 loan repayment obligations.
Answered by Stephanie Peacock
DCMS acted to support Premiership Rugby during the COVID-19 pandemic when their need was most acute. Loan financing was provided on favourable terms to applicant organisations, and DCMS is now collecting those repayments as intended. DCMS is not able to comment on the specifics of individual loans given their commercial sensitivity.
Sport England, in their role as DCMS’s Loan Agent, regularly engages with borrowers to monitor their financial position, and works with them to help ensure that the loans are repaid, and that borrowers comply with the terms of their loans.
I have met with the RFU and Prem Rugby previously to discuss the long-term financial sustainability of professional rugby union, and my officials regularly engage with the RFU and Prem Rugby on this issue.
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