RFU chief executive Bill Sweeney paid record £1.1m salary after landing ‘performance-based bonus’

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RFU chief executive Bill Sweeney paid record £1.1m salary after landing ‘performance-based bonus’

Bill Sweeney has received a one-off bonus of £358,000 in addition to his annual salary – Luke Walker/Getty Images

Bill Sweeney, the

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’s chief executive, will be paid £1.1 million this year having received a pre-agreed performance bonus, despite

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at Twickenham.

Sweeney’s annual base salary included a pay rise of 8.5 per cent from £684,000 to £742,000. According to the annual report, he has also received a one-off performance-based payment of £358,000.

Sweeney’s salary plus bonus for 2024 will be a record for a British sporting executive, with the Football Association’s chief executive Mark Bullingham currently paid £850,000.

The bonus is understood to be part of the RFU’s Long-Term Incentive Plan (LTIP), which was signed in 2021 and matured after three years. The RFU’s executive team agreed a six-month pay reduction in the same year following the pandemic.

The news comes at a time where the RFU is under significant financial strain.

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that the governing body is set to announce losses that could approach £40 million for 2023-24, more than the £30.9 million loss in 2018 that led to the resignation of Steve Brown, the previous chief executive.

The financial loss was expected given

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played no autumn fixtures at Twickenham last November because of the World Cup taking place in France. That followed a £4 million operating profit for the 2022-23 financial year.

More to follow…

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