The Dutch rugby association NRB is on the verge of bankruptcy and needs to find €1.2m in the short term to prevent it going bust.

The organisation is now suggesting that each senior member pay an extra €80 and each junior €40 in an effort to restore the organsation’s finances, the Volkskrant reports on Monday.

Such a fund-raising round would generate some €675,000 from the organisation’s 10,000 members. This, plus a €350,000 bond will ensure the NRB is financially healthy by 2017, the association says.

If the bond proves impossible to organise, the association will ask for more money from its members next year, the Volkskrant says.

The Dutch rugby association was founded in 1932. Its current ambitions including ensuring the Oranje women’s sevens team qualifies for the next Olympics, the Volkskrant says.