New Zealand Rugby slashed wages for all staff and warned of up to NZD 100 million (USD 60 million) in lost revenue Wednesday as leading governing bodies scrambled to absorb the blows of the coronavirus pandemic.
New Zealand's emergency measures come after England, Scotland and Wales all cut pay for top officials, and follow Rugby Australia's decision to temporarily lay off three-quarters of its workers.
NZR chief executive Mark Robinson said that in a worst-case scenario the All Blacks -- the top-ranked Test team and three-time world champions -- and the country's five Super Rugby teams would not play again this year.
He said NZR needed to staunch cash outflows and staff had agreed to a 40 percent pay cut for the next three months, with talks underway with players.
"It's an incredibly challenging time, we have fantastic rugby people all around the country at the moment dealing with difficult financial circumstances," Robinson told reporters.
The southern hemisphere's Super Rugby season has been suspended and July internationals are also in doubt after the coronavirus prompted tough containment measures and curbed international travel.
The annual Rugby Championship, featuring New Zealand, Australia, South Africa and Argentina, is scheduled to start in August.
Robinson said he had been in contact with the global governing body World Rugby about the prospect of NZR receiving financial support.
"They're going through a process of gathering as much information as they can, once they digest that I'd imagine they'll come back to us with some ideas," he said.
NZR said it had made emergency grants of NZD 250,000 to each of New Zealand's Super Rugby clubs to tide them over for the next three months.
"These decisions are about protecting the core capability of the Super Rugby clubs so that they are ready to hit the ground running if Super Rugby resumes later this year," he said.
- 'Toughest decision' -
=======================
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
