The English Rugby Football Union has paid a premium to an insurance broker to cover player and management win bonuses that could arise if England reach the final stages of this year’s World Cup.
The move will guarantee a return from the broker on the RFU’s investment, which according to the Guardian newspaper totals around 250,000 pounds ($414,000), should England be successful in the tournament in New Zealand.
The RFU says on Thursday it is being “financially prudent” by “ensuring we minimize our financial risks at all times.”
The Guardian reports that each player in England’s 30-man squad could expect a bonus of “at least 50,000 ($83,000)” if the team wins the World Cup.
England was world champion in 2003 and reached the final in 2007.
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