sport news World Rugby bail out USA as they lose millions on Wales v South Africa

World Rugby have been forced to bail out the USA to the tune of 'multiple millions' of pounds after the Americans' financial catastrophe was accelerated by the staging of Saturday's Wales-South Africa Test.

As Sportsmail reported in April, the company who have put on the match - Rugby International Marketing (RIM), the for-profit arm of the USA Rugby which boasts the RFU and Harlequins as minority investors - has been in dire straits.

Last year they lost £3million and needed 27,000 to attend Saturday's Washington DC match in the 45,000-seater RFK Stadium to break even.

World Rugby have bailed out the USA after they lost millions hosting Wales v South Africa

World Rugby have bailed out the USA after they lost millions hosting Wales v South Africa

But with an estimated 20,000 fans set to turn up, as Wales and the Springboks field second-string teams, RIM - and therefore USA Rugby, who own 75 per cent - are set to make another loss of at least half a million pounds.

Add to the fact that each team has been promised a fee in the region of £550,000, the match has become a major financial burden to add to the pre-existing woes at RIM.

Now World Rugby - the game's governing body - have stepped in to ease the losses caused by this overstretching.

Only 20,000 seats have been sold for the game at the RFK Stadium in Washington DC

Only 20,000 seats have been sold for the game at the RFK Stadium in Washington DC

They have provided USA Rugby with a substantial loan - which trusted sources say is in the 'multiple millions' of pounds - to be re-payed after the World Cup Sevens tournament.

World Rugby insist that competition, to be held in San Francisco in July, was never at risk, the loan is not specifically designed to save it and are sure the tournament will be a commercial success.

'World Rugby is fully anticipating a special and successful Rugby World Cup Sevens 2018 in San Francisco. That will advance the development of the sport in an important rugby market,' a statement read.

read more from dailymail.....

Get the latest news delivered to your inbox

Follow us on social media networks

NEXT sport news Huddersfield 16-42 Wakefield: Second half comeback helps visitors end hosts' ...