Statement from the Directors of ERC<\/p>\n
The directors of ERC voted unanimously at a Board meeting in Dublin today (Wednesday, 5 February) to postpone all decisions including the release of further instalments of ERC’s distributable central revenues to the six shareholder countries until 19 February next when the Board will meet again to reconsider the issue.<\/p>\n
The ERC Board of Directors is made up of representatives from the six unions of England, France, Ireland, Italy, Wales and Scotland, as well as representatives from three club bodies, namely the Ligue Nationale de Rugby (LNR), Premiership Rugby (PRL) and Regional Rugby Wales (RRW).<\/p>\n
(Please see list of Board meeting attendees below)<\/p>\n
The vote to postpone any decision followed preliminary advice received by the Board, and was taken in the best interests of the company after lengthy discussions.<\/p>\n
The Board agreed unanimously that further detailed legal and other professional advice was necessary in order to facilitate the ongoing discussions in relation to the future of European club rugby tournaments and the distribution of funds deriving from the 2013\/14 season.<\/p>\n
Each season, ERC makes five payments of its distributable funds from its central revenues to the six participant countries from October through to September.<\/p>\n
At the ERC Board meeting of 11 September 2013, it was decided that distribution payments should be approved by the Board before any funds are released. The first payment of \u20ac15 million (euro) was made in October 2013 following Board approval.<\/p>\n
Mark Dodson and Ian McLauchlan, the directors of ERC representing Scottish Rugby, did not attend today’s Board meeting, while Regional Rugby Wales has chosen not to replace Stuart Gallacher who resigned as as a director of ERC in December 2013.<\/p>\n
ERC Board directors in attendance:
\nJean-Pierre Lux \u2013 ERC independent Chairman
\nMichel Palmi\u00e9 \u2013 FFR
\nMarcel Martin – LNR
\nRob Andrew \u2013 RFU
\nPeter Wheeler \u2013 PRL
\nFabrizio Gaetaniello \u2013 FIR
\nAndrea Rinaldo \u2013 FIR
\nPeter Boyle \u2013 IRFU
\nPhilip Browne \u2013 IRFU
\nRoger Lewis \u2013 WRU<\/p>\n
Also in attendance:
\nDerek McGrath \u2013 ERC
\nRoger O’Connor \u2013 ERC
\nSteve Phillips – WRU<\/p>\n
ERC Board directors not in attendance:
\nMark Dodson \u2013 SR
\nIan McLauchlan \u2013 SR
\nRegional Rugby Wales has chosen not to replace Stuart Gallacher as its Board director<\/p>\n","protected":false},"excerpt":{"rendered":"
Statement from the Directors of ERC The directors of ERC voted unanimously at a Board meeting in Dublin today (Wednesday, 5 February) to postpone all decisions including the release of further instalments of ERC’s distributable central revenues to the six shareholder countries until 19 February next when the Board will meet again to reconsider the […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13629],"tags":[11116,13620,2209,8748,8658],"class_list":["post-63163","post","type-post","status-publish","format-standard","hentry","category-heineken-2","tag-11116","tag-directors","tag-erc","tag-february","tag-statement"],"_links":{"self":[{"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/posts\/63163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/comments?post=63163"}],"version-history":[{"count":3,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/posts\/63163\/revisions"}],"predecessor-version":[{"id":63166,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/posts\/63163\/revisions\/63166"}],"wp:attachment":[{"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/media?parent=63163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/categories?post=63163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intouchrugby.com\/magazine\/wp-json\/wp\/v2\/tags?post=63163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}