What does the RFU stand for? Annual report offers few clues

Annual report offers few clues

- Gerard Meagher

There have been suggestions in recent years, little more than rumours – though plenty of them – that the Rugby Football Union's chief executive, Bill Sweeney, might have been preparing his exit strategy. That finding a replacement for Eddie Jones could be his parting gift, that negotiating the new eight-year agreement with the Premiership could be his intended legacy. Eventually the whispers grew loud enough that Sweeney publicly denied it and, after it emerged on Monday he was paid £1.1m thanks to the maturation of a bonus three years in the making, we appear to have a pretty good idea as to why.

The first thing to say about Sweeney's eye-watering raise – a performance-based payment of £358,000 on top of a base salary of £742,000 – is that you can hardly blame him for taking it. Admittedly, he will have likely negotiated the details of the long-term incentive plan but would you really expect him to turn it down? The blame lies with the RFU's board and remuneration committee for signing off on a scheme that has made Sweeney the best-paid chief executive of a UK sports governing body – excluding payouts – at a time when 42 redundancies have just been made and a loss to reserves of £42m has just been announced.