All Blacks head coach Steve Hansen is expected to be handed a $1,000 financial penalty after his team’s offence of failing to declare a loss.
The penalty is expected in the coming days, and is likely to be a substantial amount, as the All Blacks will be fined $5.4 million by the Rugby Football Union (RFU) over the alleged breach.
Hansen has been in the media since Friday morning after being contacted by the media.
The RFU issued a statement on Friday saying: “The All Blacks are committed to fair and transparent financial reporting and this is a significant and significant breach of the RFU’s Code of Ethics.”
It is expected that the RFUs financial reporting standards will be changed, and the Rugby World Cup organisers will face a fine of $1.5 million or more for breach of financial reporting requirements.
The All Blacks have now failed to declare $4.5m in losses in 2017, and are expected to pay the RFUI $1 million.
It was reported earlier in the week that the Rugby Rugby World Series would have to be postponed until January. “
This could lead to a significant sanction and, should this be the case, the All Blokes will be subject to the sanction set out in the RFI Code of Conduct and a fine.”
It was reported earlier in the week that the Rugby Rugby World Series would have to be postponed until January.
The IRB will then be forced to consider whether to allow the Rugby Championship to continue in 2018.
It is understood that the World Cup will be delayed until the IRB considers whether it is worth delaying it in the event that the IRV is held.
Rugby World Cups will resume on January 9, 2019 and will be played in the New Zealand venue, with the tournament also being played in Fiji.