THE mantra being chanted within Twickenham’s walls is that the RFU’s finances are rosy despite it being about to make a record annual loss of around £40m, and making over 40 staff redundancies.
The spin from the current RFU administration is that there is “no debt, good cash reserves, etc” and no reason for concern. We are told the losses are mostly about the cyclical four-year deficit after every World Cup due to no autumn match income.
This has not been a get-out clause under previous RFU administrations, which acknowledged that the World Cup year d...