USA Declares Bankruptcy

Photo by Mike Lee/KLC Photos for World Rugby

The already struggling sleeping giant of world rugby, USA Rugby announced via press release that it intents to file for bankruptcy "as a result of compounded and insurmountable financial constraints".

"The current suspension of sanctioned rugby activities caused by the ongoing COVID-19 pandemic has accelerated the existing financial challenges facing the union, and a reorganisation process will now be progressed with input from World Rugby, It is the best platform to swiftly and efficiently address challenges and deliver a foundation for future stability," USA Rugby said in its statement. 

World Rugby's support would enable it to "revitalise from a governance and financial perspective ... and support the men's and women's sevens and XVs programmes as they continue to compete on the world stage".

"This is the most challenging period this organisation has faced and all resolves were never taken lightly in coming to this determination, while the current climate is of course much larger than rugby, we remain focused with stakeholders and supporters in the continued effort toward a balanced rugby community where the game can truly grow." said USA Rugby chair Barbara O'Brien.