Working proposal · estimates to test, not agreed funding

The choice

Two plans. The same full test.

Reform Welsh rugby. Compare the full cost of four regions and three. · FY2029

Yearly estimates unless stated otherwise. £m means millions of pounds. Support includes cash and shared services.

WRU’s plan · our cost estimates

3

professional teams

From 2028/29, following a four-team transition.

WRU support needed per region
£7.15m
Predicted share of league games won · URC
Not enough evidence yetEvidence
Predicted share of league games won · PRL
Not enough evidence yetEvidence
Yearly support WRU could afford per region
£9.90m
Extra yearly funding needed
£0.00m
WRU cash gained or used this year
£5.71m
Extra cash needed in the first 3 years
£16.59m
  • Include savings and where they would be spent.
  • Include the cost of closing a team and any lost income.
  • Include bills and services that would still remain.

YSA’s four-region plan

4

competitive regions

Put the money and staff where rugby needs them.

WRU support needed per region
£7.15m
Predicted share of league games won · URC
Not enough evidence yetEvidence
Predicted share of league games won · PRL
Not enough evidence yetEvidence
Yearly support WRU could afford per region
£8.37m
Extra yearly funding needed
£0.00m
WRU cash gained or used this year
£3.68m
Extra cash needed in the first 3 years
£15.81m
  • Cost teams and shared services from the ground up.
  • Test better commercial deals and changes at WRU.
  • Support local clubs and keep enough cash to pay the bills.

These are our estimates for both plans, not a budget supplied by WRU. Competition payments and help with debt and facilities are counted separately. Even if the yearly budget balances, extra cash may be needed to pay bills on time.

What do these figures mean?
WRU support needed per region
Yearly cash and shared services needed by each region. This is not all paid as a cash grant.
Yearly support WRU could afford per region
The model’s yearly limit after normal bills and debt payments. It does not cover one-off costs or cash shortages during the year, and depends on the assumptions being met.
Extra yearly funding needed
The gap between the support needed and what WRU could afford, across all regions in that plan. Zero here does not mean there are no cash shortages.
WRU cash gained or used this year
Money coming in minus money going out, including one-off costs and debt payments. Positive means cash gained; negative means cash used. This is a change, not the bank balance.
Extra cash needed in the first 3 years
The largest cash shortfall in the first 36 months, including the safety buffer kept for bills. It is not the sum of three yearly gaps, and no lender has committed this money.
When would things change?

The WRU roadmap sets three licences from 2028/29. Its benefits must be counted alongside its costs. Central reforms available under either structure must be tested in both.

Read the WRU roadmap

YSA’s case is conditional on the shown costs, income and delivery. A positive operating result does not certify liquidity, lender compliance or solvency.

Select year and model

Both plans get the same changes at WRU. “Build up each service” costs the staff and services needed and assumes new loan terms that are not yet agreed. “Things go worse” means higher costs, less income and slower change; “things go better” means lower costs and more income. These are tests, not predictions.

The money tree

Follow what changes.

Open a branch for costs, reforms and the evidence behind them.

WRU’s money: what comes in, what must be paid, and what can go to the regions.

Annual £m · FY2029WRUYSAChange
Money coming in£123.94£124.44£0.50
  • Tickets, broadcast and rugby income
  • Sponsorship, stadium naming and kit
  • Hospitality, hotel and events

Show net additional cash, contract dates and delivery costs. Existing income cannot be counted again as a new opportunity.

Income before extra commercial earnings£121.87£122.37£0.50

Evidence & calculation

Selected engine income less the separately displayed net new commercial contribution. Includes external competition receipts once.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Selected engine income less the separately displayed net new commercial contribution. Includes external competition receipts once.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Selected engine income less the separately displayed net new commercial contribution. Includes external competition receipts once.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Extra commercial earnings after costs£2.07£2.07£0.00

Evidence & calculation

Included in income above; not an additional line to add again.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Included in income above; not an additional line to add again.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Included in income above; not an additional line to add again.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Evidence & calculation

Engine revenue includes net incremental commercial contribution, after delivery costs. Whole-system income adds regional own income once; competition is already in central receipts.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Engine revenue includes net incremental commercial contribution, after delivery costs. Whole-system income adds regional own income once; competition is already in central receipts.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Engine revenue includes net incremental commercial contribution, after delivery costs. Whole-system income adds regional own income once; competition is already in central receipts.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Running WRU, the stadium and its businesses£39.56£39.56£0.00
  • Required roles, salary bands and contractors
  • Regional redeployment and duplication removed
  • Procurement, IT, medical and administration

Moving a role is not a cash saving by itself. Show the duplicated payroll or supplier cost that ends, and the cost of changing.

Administration£6.60£6.60£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Direct event costs£7.43£7.43£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Stadium operations£8.90£8.90£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Hospitality£6.82£6.82£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Hotel£8.96£8.96£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Shared services£0.84£0.84£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Other changes not counted elsewhere£0.00£0.00£0.00

Evidence & calculation

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated operatingBreakdown component. Included in the central platform subtotal, not added again. Service design and actual-to-target boundary remain assumptions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Evidence & calculation

Engine operating cost less performance and community delivery, which are displayed separately. Includes direct event cost, venues, hotel, administration, shared services and non-overlapping adjustments.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Engine operating cost less performance and community delivery, which are displayed separately. Includes direct event cost, venues, hotel, administration, shared services and non-overlapping adjustments.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Engine operating cost less performance and community delivery, which are displayed separately. Includes direct event cost, venues, hotel, administration, shared services and non-overlapping adjustments.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Wales teams and player development£16.58£16.58£0.00

National team operations, Wales duty and centrally supplied player resources. Allocate each cost once; distinguish player employment from compensation to regions.

Evidence & calculation

Server-calculated performance service category, removed from the central platform subtotal. Includes national performance and embedded pathways, not all senior-player wages across regions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Server-calculated performance service category, removed from the central platform subtotal. Includes national performance and embedded pathways, not all senior-player wages across regions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Server-calculated performance service category, removed from the central platform subtotal. Includes national performance and embedded pathways, not all senior-player wages across regions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Support for the regions£33.58£37.43£3.85
  • Playing squads, coaches and academies
  • Venues, travel, medical and regional operations
  • Competition income and structural transition

Equal recurring WRU economic support means cash plus attributable central contracts and services. Each region’s own income and total playing budget remain separate.

Equal yearly cash grants£20.81£27.75£6.94

Evidence & calculation

Existing four licences through FY2028; three from FY2029 in the contraction reconstruction. Same selected service design in both structures.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Existing four licences through FY2028; three from FY2029 in the contraction reconstruction. Same selected service design in both structures.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Existing four licences through FY2028; three from FY2029 in the contraction reconstruction. Same selected service design in both structures.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Competition cash passed to active regions£6.00£8.00£2.00

Evidence & calculation

External competition income is in receipts; this branch is the internal cash distribution to active regions.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

External competition income is in receipts; this branch is the internal cash distribution to active regions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

External competition income is in receipts; this branch is the internal cash distribution to active regions.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Extra help with regional debt and facilities£1.26£1.68£0.42

Evidence & calculation

Cash funding for the active regions’ maintenance capital and legacy debt obligations; outside the equal recurring economic base.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Cash funding for the active regions’ maintenance capital and legacy debt obligations; outside the equal recurring economic base.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Cash funding for the active regions’ maintenance capital and legacy debt obligations; outside the equal recurring economic base.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

WRU’s share of the remaining shortfall£4.00£0.00£-4.00

Evidence & calculation

WRU share of retained service costs after retained own income and competition receipts.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

WRU share of retained service costs after retained own income and competition receipts.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

WRU share of retained service costs after retained own income and competition receipts.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Competition cash passed to retained services£1.50£0.00£-1.50

Evidence & calculation

Positive external competition receipts retained after contraction and redistributed to the service pool.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Positive external competition receipts retained after contraction and redistributed to the service pool.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Positive external competition receipts retained after contraction and redistributed to the service pool.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Evidence & calculation

Equal cash grants + competition pass-through + separate regional obligations funding + central underwriting + retained competition transfer. Attributable central services stay in central cost.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Equal cash grants + competition pass-through + separate regional obligations funding + central underwriting + retained competition transfer. Attributable central services stay in central cost. Memorandum only (not extra costs): retained unabsorbed senior-player pool £3.852m, included in retained service costs; external competition receipts £7.500m, already inside income. Retained players are not another team.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Equal cash grants + competition pass-through + separate regional obligations funding + central underwriting + retained competition transfer. Attributable central services stay in central cost. Memorandum only (not extra costs): retained unabsorbed senior-player pool £0.000m, included in retained service costs; external competition receipts £8.000m, already inside income. Retained players are not another team.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Community rugby, clubs, SRC and player development£12.72£12.72£0.00

Cost member-club needs, SRC, pathways and women and girls’ provision. Test targeted uplifts against affordability; do not lock in an arbitrary percentage.

Evidence & calculation

Direct community and SRC allocations plus priced targeted service uplifts and women/pathway increment, plus community operating delivery removed from central platform. Each category counted once.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Direct community and SRC allocations plus priced targeted service uplifts and women/pathway increment, plus community operating delivery removed from central platform. Each category counted once.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Direct community and SRC allocations plus priced targeted service uplifts and women/pathway increment, plus community operating delivery removed from central platform. Each category counted once.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Debt payments, repairs, tax and one-off changes£15.79£14.47£-1.32

Debt and lease payments, asset renewal, working capital and minimum cash. Show recurring obligations and transition exposure under both plans.

WRU interest payments£3.80£3.80£0.00

Evidence & calculation

Cash interest from the engine; regional external interest is not fully established.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Cash interest from the engine; regional external interest is not fully established.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Cash interest from the engine; regional external interest is not fully established.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Repaying loans, leases and debentures (before interest)£3.40£3.40£0.00

Evidence & calculation

Scheduled principal plus unrefinanced maturity paid; conditional refinanced amounts are not cash costs again.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Scheduled principal plus unrefinanced maturity paid; conditional refinanced amounts are not cash costs again.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Scheduled principal plus unrefinanced maturity paid; conditional refinanced amounts are not cash costs again.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

WRU building and equipment repairs and replacement£4.52£4.52£0.00

Evidence & calculation

Central maintenance and renewal cash provision; asset adequacy remains a test.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Central maintenance and renewal cash provision; asset adequacy remains a test.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Central maintenance and renewal cash provision; asset adequacy remains a test.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Cash tied up in unpaid income and day-to-day costs£0.53£0.53£0.00

Evidence & calculation

Cash absorbed into working capital.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Cash absorbed into working capital.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Cash absorbed into working capital.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Money set aside for WRU tax£2.91£2.23£-0.68

Evidence & calculation

Planning cash tax; not an entity tax return or whole-region tax forecast.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Planning cash tax; not an entity tax return or whole-region tax forecast.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Planning cash tax; not an entity tax return or whole-region tax forecast.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

WRU’s one-off costs of making changes£0.65£0.00£-0.65

Evidence & calculation

Includes central reform implementation and WRU share of contraction transition; not recurring payroll savings.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

Includes central reform implementation and WRU share of contraction transition; not recurring payroll savings.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

Includes central reform implementation and WRU share of contraction transition; not recurring payroll savings.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

Evidence & calculation

WRU interest payments + bank/lease/debenture principal + unrefinanced maturity + maintenance capex + working capital + central exceptionals + tax. Reserve and all-payer transition context are memoranda in the evidence, not additional expenditure.

Period
FY2029
Scope
WRU money available to share

WRU

Evidence status: calculated conditional estimate

WRU interest payments + bank/lease/debenture principal + unrefinanced maturity + maintenance capex + working capital + central exceptionals + tax. Reserve and all-payer transition context are memoranda in the evidence, not additional expenditure. Memorandum only (not extra costs): required central cash reserve £4.202m; all-payer contraction transition £0.646m. The reserve is a liquidity floor, not expenditure. Regional interest, tax and reserves remain incomplete in the whole-system view.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

YSA

Evidence status: calculated conditional estimate

WRU interest payments + bank/lease/debenture principal + unrefinanced maturity + maintenance capex + working capital + central exceptionals + tax. Reserve and all-payer transition context are memoranda in the evidence, not additional expenditure. Memorandum only (not extra costs): required central cash reserve £4.202m; all-payer contraction transition £0.000m. The reserve is a liquidity floor, not expenditure. Regional interest, tax and reserves remain incomplete in the whole-system view.

What to keep in mind: Unapproved assumptions; entity-level FY2026 opening cash and executed lender terms remain unverified.

FY2025 baseline: WRU annual-report announcement

“Change” means YSA minus our estimate of the WRU plan. A positive number means more income or more spending, depending on the row—not always a saving. Each total already includes the items beneath it. £— means we do not have a figure, not zero.

How four could work

Could WRU run the game better?

Could sponsorship, naming rights and kit deliver more?

Test current deal value against comparable rights and realistic new terms. Include minimum guarantees, royalties, delivery costs, contract expiry and better kit prices for member clubs.

Evidence path: current agreement → comparable deal → proposed terms → additional annual cash. Undervaluation is a question to test, not an assumed windfall.

Could central staff and shared services strengthen the regions?

Put capacity where rugby needs it. Test shared finance, HR, procurement, IT and medical purchasing, with roles and salary bands designed around the required service.

Evidence path: actual organisation → required roles → redeployment or duplication removed → net cash and service effect.

Do Portas and Oakwell withstand the full comparison?

Challenge the original options’ competitive ambitions, income assumptions, reform opportunities and transition costs. Test how the conclusion changes when those assumptions change.

Check original report pages before claiming an omission. Separate WRU’s published case, our reconstruction and our alternative. Apply available central reform to both structures.

Parliamentary evidence on Oakwell, 2023 (not the original report)

More than a funding line

What Welsh rugby keeps.

Regions & pathways

Competitive squads, player retention and routes from local rugby to the national team.

Member clubs

Facilities, coaches, referees, volunteers and access to a stronger rugby system.

Welsh communities

Home fixtures, local suppliers, employment, community programmes and identity.

Impact evidence

Use the Scarlets study and Swansea’s Ospreys assessment to test retained, displaced and lost activity in each scenario. Do not assume every activity disappears with a professional licence.

Scarlets economic-impact study · Swansea Council assessment reference

Economic contribution and jobs are reported separately from money available to WRU. Geographical impact totals are not automatically additive.

A proposal open to scrutinyModel version vwru-rebuild-service-costed-20260905-v2 · Evidence checked up to: 2026-09-05