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How Global Financial Crisis is Affecting Rugby Football in Europe Sports Articles | January 13, 2009
Every aspect of the Global economy is reeling from the effects of the Financial Crisis. While some sectors have been hit harder than others Wholesale Quincy Williams II Jersey , it is evident that no sector has been spared.



In recent times, the implications of the Crisis on sports Wholesale Josh Oliver Jersey , rugby included, has began to show. Teams have started to feel the pinch and many have started taking measures to brace for the looming tough times ahead.

While every rugby team aims to crown their season with some sort of silverware to mark their success Wholesale Jawaan Taylor Jersey , more and more teams are becoming wary when it comes to signing new players. This is due to the high transfer fees demanded for players.

Continental Glory
As a result of this, club coaches are making do with what they have Wholesale Josh Allen Jersey , even at the expense of continental glory. Rugby clubs in Europe seem to be more concerned with maintaining their top flight status in their domestic rugby leagues and less concerned with concurring the continent. And can you blame them? To win a continental trophy like the Heineken Cup requires a team to have depth in the squad. To attain this depth, a team needs to have a few big name signings on their team sheet.

?700 000 Spending
To have such players a club has to splash out about ?700 000. But with the cash crunch starting to bite hard on the sport in Europe Wholesale Nick Foles Jersey , few clubs if any are willing to spend such an amount on one player.

Negative BalanceSheet
The situation is the same across the board. Big clubs are also crying out for cash injection; with many barely been able to remain liquid. Many have reported negative results in their end year results.

Financial Plea
In the UK, Wasps reported a ￡2.8million loss; while Bath and Newcastle were lucky that their benefactors were willing to dip into their pockets to assist them. Others like Bristol are finding it diffi. Cheap Jerseys China Wholesale Jerseys From China Wholesale Jerseys Wholesale Jerseys From China Wholesale Jerseys Free Shipping Wholesale College Jerseys Wholesale NBA Jerseys Wholesale College Baseball Jerseys Wholesale Jerseys Free Shipping Wholesale Jerseys From China