Good news for all the nations bidding for the 2015 and 2019 Rugby World Cup’s.
The IRB has reduced the commitment for 2015 from £100 million down to £80 million and for 2019 from £120 million down to £100 million.
They have also now introduced a profit share formula, these changes should make it far more practical for the nations to make a modest profit without a huge exposure.
Great News for the Game!!