The French Rugby Federation (FFR) claims to have the means to overcome the turbulence caused by the coronavirus pandemic "while remaining in support of our clubs". The authority, in the same press release, estimated the cost of this crisis at four million euros.
"French rugby can count on the FFR's robust financial situation with cash of 76 million euros, including 59 million euros in insurance funds, equity estimated at 32.5 million euros and nearly 110 million euros insured until 2024 thanks to our partner contracts, ”explained Alexandre Martinez, treasurer general of the FFR, in this press release published on Monday.
The postponement of France-Ireland was expensive
"So we have the resources to get through this crisis while remaining in support of our clubs," added the leader. In an 11-page letter, the FFR wanted to be reassuring by taking stock of its financial situation before and after the pandemic, which put a stop to all rugby competitions in France.
According to this document, the cash flow of the FFR is, as of April 30, 2020, 76 million. The Federation also has provisions for “risks and charges of almost 17 million euros” for an annual budget of nearly 110 million euros. Finally, the effects of the health crisis are estimated between 3.5 and 4 million euros, partly linked to the cancellation of the France-Ireland match in the Six Nations Tournament.
In March, the president of the Federation Bernard Laporte had promised aid of 35 million for amateur clubs, aimed at compensating for their economic difficulties.
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