RFU sets up credit crunch hotline
February 19, 2009
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The RFU has established a helpline in order to aid clubs struggling with the effects of the credit crunch. With professional clubs such as Bristol and Newcastle feeling the pinch there will be many smaller clubs struggling to make ends meet.
The helpline will be run by Malcolm Duncan, formerly the RFU council member for Staffordshire, an expert in club finance. Duncan will review any request for advice from a club and is able to provide support through a network of volunteers and RFU staff.
"The concern is that there are clubs out there who will face financial difficulties during the downturn, including things like the loss of sponsorship income and cashflow problems," said Duncan. "The biggest danger is that these clubs won't realise that they are running into problems until it's too late, so the message is that they should carefully review their finances and expenditure and take action as soon as possible.
"We have a network of very experienced people who can assist them throughout the country as well as specialist help they can access at Twickenham."
The helpline is available on 01782 610315 and the service operates Monday to Friday from 9am to 7pm.