Rugby World Cup 2023 Act 2017

JurisdictionIreland
CitationIR No. 17/2017


Number 17 of 2017


RUGBY WORLD CUP 2023 ACT 2017


CONTENTS

Section

1. Definitions

2. Tournament company

3. Financial support by Minister

4. Commercial rights - purchase by Minister

5. Payment of tournament fee

6. Undertakings in staging tournament

7. Report of Minister

8. Expenses of Minister

9. Short title and commencement


Acts Referred to

Companies Act 2014 (No. 38)


Number 17 of 2017


RUGBY WORLD CUP 2023 ACT 2017


An Act to enable the Minister for Transport, Tourism and Sport to support the bid to host the Rugby World Cup on the territory of the island of Ireland in 2023 and, if the bid is successful, the staging of the tournament, and to provide for related matters.

[13th July, 2017]

Be it enacted by the Oireachtas as follows:

Definitions

1. In this Act—

“bid to host the tournament” means the bid to host the tournament on the territory of the island of Ireland;

“bidding process” means the process of making a bid to host the tournament and any proposal to purchase any commercial rights relating to the tournament;

“commercial rights” means those commercial rights (including hospitality, licensing and sponsorship) belonging to Rugby World Cup Limited that it holds in respect of the tournament;

“Minister” means Minister for Transport, Tourism and Sport;

“Rugby World Cup Limited” means the company incorporated under the laws of the Isle of Man and having its principal place of business at 8-10 Pembroke Street, in the city of Dublin (company number 043750C);

“tournament” means Rugby World Cup 2023;

“tournament budget” means any expenditure projected to be incurred or actually incurred by the tournament company staging the tournament;

“tournament company” means a company referred to in section 2.

Tournament company

2. If the bid to host the tournament is successful, the Minister may, subject to such conditions as he or she sees fit, and with the consent of the Minister for Public Expenditure and Reform and the Minister for Finance, do any of the following in relation to a company formed and registered under the Companies Act 2014 to stage the tournament:

(a) acquire, hold and dispose of shares or other interests in that company;

(b) enter into any shareholders’ agreement or any similar agreement;

(c) become a member of the company.

Financial support by Minister

3. The Minister may, for the purposes of the staging of the tournament, subject to such conditions as he or she sees fit, and with the consent of the Minister for Public Expenditure and Reform and the Minister for Finance—

(a) provide financial support in respect of the tournament budget (including any guarantee of that budget) to a tournament company,

(b) advance funds (including loans) to a tournament company for...

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