Hong Kong Sevens cancellation leads to HK$151 million loss, but HKRU says it has reserves to weather Covid-19 storm

• Chief executive Robbie McRobbie says ‘fragility’ of its commercial model exposed as the Sevens accounts for 95 per cent of revenue
• The union has another year of reserves left and is confident the 2021 Sevens will go ahead, although they are making contingency plans