In a statement on Wednesday 5th February 2014, ERC explained that the unanimous decision to postpone financial distributions followed preliminary professional advice received by the ERC Board and was taken in the best interests of ERC.
Loans to Regions approved
The Welsh Rugby Union Board has today approved requests from the four Regional Organisations for financial assistance, in the form of interest free loans totalling £660,000, to help their cash flow as a result of the recent decision of the ERC Board not to release financial distributions to participants in ERC’s tournaments.
