sport news RFU face backlash after asking Twickenham debenture holders to write off loans

RFU face backlash after asking Twickenham debenture holders to write off as much as £16,000 in loans to help the union's finances, as request is labelled 'distasteful' by some

By Matt Hughes For The Daily Mail

Published: 22:31 BST, 12 May 2021 | Updated: 22:32 BST, 12 May 2021

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The Rugby Football Union are facing a backlash from some of their wealthiest supporters after asking Twickenham debenture holders to write off loans of up to £16,000 to help repair the union’s ailing finances.

Sportsmail has been by contacted by numerous disgruntled England fans unhappy about the Debenture Donation Campaign and accusing previous RFU administrations of financial mismanagement. 

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The Donation Campaign is an attempt by the RFU to get the 7,500 current debenture holders to donate their fees, which cost between £9,000 and £16,000 for the right to buy match tickets at Twickenham for a 10-year period. 

The RFU has asked some of its wealthiest supporters to write off loans of up to £16,000

The RFU has asked some of its wealthiest supporters to write off loans of up to £16,000

Under the terms of the original agreement they were due to be repaid the full value of their debenture after 75 years but the RFU now want to keep the money to improve their balance

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