Scottish rugby chiefs insist no decision has been made to scrap plans for a major tournament in Melrose.
The World Sevens could be worth millions to Melrose and the Borders
Fears have surfaced that an upcoming Scottish Rugby Union meeting to tackle debts of £23m might end hopes of hosting the IRB World Sevens next year.
The SRU said that no decision has been made about the future of sevens rugby before the meeting on 27 April.
It also dismissed as "pure speculation" reports that the future of the Border Reivers might be hit by the cash cuts.
According to SRU Chief Executive Gordon McKie, some tough decisions will have to be made at their next meeting.
However, a spokeswoman for the SRU dismissed reports that the cash crisis will hit the Border Reivers and the Scotland Sevens squad as pure speculation.
If the national sevens squad was cut it would almost certainly mean the Borders would be unable to host the World Sevens.
The event could bring an estimated £10m to the area.
The SRU spokeswoman said the sevens tournament is just one item on a large agenda.
Last week Mr McKie said the SRU could no longer afford to do what it currently did without some significantly increased revenue.