The USA Rugby Federation declared bankruptcy due to the consequences of the pandemic

The US Rugby Federation declared bankruptcy due to the economic consequences of the pandemic, according to AFP.

The Federation filed for bankruptcy according to the article, allowing them to reorganize and restructure their debts.

The organization said in a statement that its financial problems were exacerbated by the impact of the coronavirus pandemic on Rugby. The Federation stated that the suspension of the competition resulted in a significant loss of revenue from membership fees, sponsorships, and additional sources.

The bankruptcy filing includes a financial support plan from the International Rugby Board.

According to the Federation, the US men’s and women’s Rugby-15 and Rugby-7 teams will continue to compete “as usual” when the season resumes after the pandemic.

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