The RSE panel, led by long-time leading angel Ian Ritchie, is also saying commercial banks should be introduced to the tech sector opportunities with a bit of match-making.

BBC: Life Sciences laboratory worker

"We have both solid financial foundations and security for many years to come and plan our finances on a four-year Rugby World Cup cycle, " said RFU chief executive Ian Ritchie.

BBC: Rugby Football Union reports ?6.3m loss

Last year, All England Lawn Tennis Club chief executive Ian Ritchie told The Daily Telegraph that officials would "prefer to see less grunting, " a comment which unintentionally conjured up an amusing comic-book-style image: the visible grunt.

WSJ: Jason Gay: Confessions of a Tennis Grunter