Springboks

SA Rugby gets R330m 2023 RWC 'consolation'

2017-12-21 08:35
Jurie Roux (Gallo Images)

Cape Town - South African Rugby is set for a R330m windfall from the 2023 Rugby World Cup in France.

When France was surprisingly awarded hosting rights - despite World Rugby recommending South Africa hold the tournament - it was revealed they had promised the highest financial return of £350m (R6 billion) to the sport's governing body.

The Telegraph website reported that the breakdown of projected returns to the individual unions "showed why the French bid proved so attractive".

The 10 tier-one countries (South Africa, New Zealand, Australia, Argentina, England, France, Ireland, Scotland, Wales, Italy) are expected to share a record £192.5m (R3.3 billion) payout from World Rugby because of the decision to stage the 2023 tournament in France.

That means a bonus of around R330m to SA Rugby.

"That sounds like a lot of money for the tier-one market but they generate 95 percent of the revenues in a World Cup," Brett Gosper, World Rugby chief executive, said.

The remainder of the money will be invested into tier two and tier three countries and to develop the game in untapped markets such as Germany, Brazil, China, India and the USA.

In the controversial voting system, Ireland were eliminated from the World Cup hosting process in the first round, getting just eight votes while France received 18 and South Africa 13.

France won the decisive second round from South Africa with the votes going 24-15 in their favour.

READ: Rugby Africa voted AGAINST South Africa!

Read more on:    sa rugby  |  rwc 2023  |  rugby

 

Read News24’s Comments Policy

Fixtures
Saturday, 04 July 2020
South Africa v Scotland, Cape Town 17:05
Saturday, 11 July 2020
South Africa v Scotland, Jonsson Kings Park Stadium 17:05
Saturday, 18 July 2020
South Africa v Georgia, Nelson Mandela Bay Stadium 17:05
Saturday, 08 August 2020
South Africa v Argentina, Emirates Airline Park 14:00
Saturday, 15 August 2020
Argentina v South Africa, Estadio Bicentenario 21:45
Saturday, 29 August 2020
Australia v South Africa, Optus Stadium 14:00
Vote

Who should walk away the winner in the Team of the Year category at the 2020 Laureus World Sports Awards?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2019/20 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.