IRB grants Argentina Tri-Nations funding 30/03/2010 |
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The International Rugby Board (IRB) is set to give Argentina $10m to help its quest to join the Tri-Nations.
It was reported earlier this month that Argentina’s inclusion in the competition from 2012 onwards had been agreed in principle – and now the IRB’s executive committee has finalised a financial package, with the funding to be split into four annual payments from 2012-2015.
IRB chairman Bernard Lapasset said: "This announcement represents another significant milestone in the process of Argentina's integration into the Tri Nations and is an extremely exciting development for the Union Argentina de Rugby (UAR) and rugby fans around the world.
"The IRB recognises the substantial strategic financial and operational commitment that the SANZAR [South African, New Zealand and Australian Rugby] unions are making to assist Argentina's inclusion and we will continue to work in close collaboration with all stakeholders to ensure a sustainable financial platform to make Argentina's transition as smooth as possible."
Despite agreeing the funding, Argentina's inclusion in the competition alongside South Africa, New Zealand and Australia still has to be ratified.
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