Home Rugby Cambridge Rugby deny reports of ‘financial crisis’

Cambridge Rugby deny reports of ‘financial crisis’

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Cambridge Rugby Club have said all players and staff have been paid in full and on time, after reports regarding the club’s financial position.

The club, currently bottom of the Champ – English rugby’s second tier – issued a statement from its board of directors on Thursday night.

“Like many clubs operating within Champ Rugby, the club is managing a tight but manageable cash-flow position,” it said.

“This has been influenced by reduced matchday income this season, alongside significant sums currently owed to the club by various commercial partners and event bookings, which are being actively pursued.”

The club’s chief operating officer, Rowland Winter, denied Cambridge were in financial crisis and confirmed players trained on Thursday evening before their home game on Saturday against Caldy.

“We wanted to address the article that went out and put any minds at rest and answer any questions,” he told BBC Radio Cambridgeshire.

“It was a good opportunity to reassure the players that everything is OK.”

The statement added the club continued to operate as normal, all fixtures will be fulfilled as scheduled and that plans for next season are well underway.

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