FILE PHOTO: Winter Olympics - Team GB Homecoming - Heathrow Airport, London, Britain - February 26, 2018 Bill Sweeney (CEO, BOA) during the press conference Action Images via Reuters/Peter Cziborra
(Reuters) - England's Rugby Football Union (RFU) warned on Thursday that it could lose 145 million pounds in revenue in the short term in its "mid-case" scenario, but managed to keep its annual operating losses for 2019-20 within budget despite the impact of COVID-19.
Chief Executive Bill Sweeney also said the financial impact of the pandemic would take four or five years from which to recover, with the RFU expecting to lose about 20% in revenue on a cumulative annual basis over that period.
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