Report: Samoan rugby on the brink of financial collapse
Reports from the UK suggest the RFU is considering giving the Samoan rugby union a cut of the match day revenue from game against England at Twickenham, after a personal appeal from chief executive Vincent Fepuleai.
The game is worth more than AUD$17 million and the SRU is asking for $250,000 while claiming that the organisation is on the brink of bankruptcy, reports Pacific Beat.
However back in Apia, those reports are being played down, not least by the Chairman of the SRU, Prime Minister Tuilaepa Sailele, but the auditors of the SRU’s accounts have raised serious concerns about the organisation’s ability to remain solvent.
The Editor of the Samoa Observer, Keni Lesa, says he believes bankruptcy may not be far away, even if the RFU comes up with the cash that the SRU is begging for.