SRU in talks to buy a stake in Newcastle Falcons
Posted: Mon Feb 19, 2018 1:32 pm
According to The Times, the SRU are in talks with Newcastle about buying a minority stake - 20% seems to be the number.
The SRU refused to comment beyond saying that they are always looking for opportunities for its players. I didn’t realise this but it seems that they have a stake in Stade Nicois in the French third tier.
The Newcastle owner has said “What we are talking about is a marriage and we haven’t even gone on a first date yet.”
The article points out the issues facing the SRU:
15 EQP per match day squad
RFU funding of academies
RFU bribes for EPS players
And the pros for SRU investment:
Newcastle lose £2mil a year on average - £2.6mil last year
The threshold for RFU veto is 10%
Any investment oop north is worth thinking about.
The SRU refused to comment beyond saying that they are always looking for opportunities for its players. I didn’t realise this but it seems that they have a stake in Stade Nicois in the French third tier.
The Newcastle owner has said “What we are talking about is a marriage and we haven’t even gone on a first date yet.”
The article points out the issues facing the SRU:
15 EQP per match day squad
RFU funding of academies
RFU bribes for EPS players
And the pros for SRU investment:
Newcastle lose £2mil a year on average - £2.6mil last year
The threshold for RFU veto is 10%
Any investment oop north is worth thinking about.