The Welsh Rugby Union (WRU) has requested a three-year break from interest payments on an £18m Covid recovery loan from the Welsh government. The WRU's chairman and chief executive will appear before a Senedd committee to make the request. The loan was given in 2022, and the WRU is seeking a pause on interest payments due to the severe impact on regions and the need to avoid further cuts. This request comes after Cardiff secured new investors, bringing good news for Welsh rugby. Warren Gatland, the former Wales coach, is optimistic despite the financial challenges faced by Welsh rugby.
It is incredibly exciting – Warren Gatland relishing what lies ahead for Wales https://t.co/DHDPY7dXDL
Warren Gatland takes positives from Wales' 'financial challenges' #WelshRugby #GuinnessM6N Click below for more ⤵️ https://t.co/ityDMXZ7sG
The WRU was given a loan by the Welsh government in 2022, and now wants interest payments to be paused https://t.co/oVln0TJKVj
The Welsh Rugby Union's chairman and chief executive will be appearing before a Senedd committee to request a break from loan interest payments https://t.co/nwylHzMeXf
WRU make plea to Welsh Government as boss warns of more cuts and 'severe' impact on regions https://t.co/blV8RMjgZR
The Welsh Rugby Union is asking the Welsh government for three years of 'breathing space' on loan interest payments https://t.co/rm9lMWvRz6
Welsh Rugby Union asks for break from interest payments on £18m Covid recovery loan https://t.co/K9FXnlrgSN
Welsh Rugby Union wants break from Covid loan interest payments https://t.co/3AKoAKryio
Good news for Welsh rugby as Cardiff see their new investors completed. https://t.co/I99sDDT7Qb