1
RFU move back into the black with annual report showing encouraging operating profit
By Online Editors
The Rugby Football Union moved into the black in 2018/19 as it turned an operating profit of £14.9million, its annual report has revealed.
Stronger sponsorship revenues, additional games staged at Twickenham and a reduction in overall rugby investment and costs enabled the governing body to turn its financial picture around after it recorded a loss of £24.4m the previous year.
Total group revenues rose from £172.4m to £213.2m, of which £100.5m was reinvested in the game at professional and community levels compared to a sum of £107.7m over the previous year.
RFU chairman Andy Cosslett said: “Maintaining the Union’s financial stability requires prudent planning, financial discipline and, when necessary, strong action to be taken on costs.
“Over the past two years we have felt it necessary to take such action in response to revenues falling short of some ambitious forecasts and a more uncertain outlook.
(Continue reading below...)
"Parts of the game that rely on our financial support and many RFU departments were asked to cut back.
“While this work has been difficult and presented challenges, investment levels in the game remain high. During the year, the RFU invested £100.5m in the game, and the financial position of the Union has strengthened.”
- Press Association
WATCH: Rugby Australia reaches an agreement with Isreal Folau
Trending on RugbyPass
2
Edinburgh edge Glasgow but Warriors get last laugh
3
'Ugly and horrible': Mark McCall reacts to humbling Saracens' loss
4
Rampant Bath blow away 14-man Saracens
5
Latest Comments
That is a matter of players style of play. Will Jordan's strength is his running . He has been absolutely deadly for the the Crusaders in that position. Especially in years 2021-23. Foster subsequently then Razor put him on the wing. Scored heaps of tries, but as he showed in one test against Australia this year , he scored a try running from the back, that was amazing. That was after Robertson finally put him at 15 because Beauden was injured. Thankfully there Will remained. Speaking of Beauden and kicking. He kicks too much, waywardly as well. Handing the ball back to the opposition. He is an impact player at best.
Go to commentsYet Ethan Blackadder was one of our best against the World Champion Springbok. When he came back to the Crusaders later in the season , he made a huge difference, ( a long with others like Codie Taylor), we nearly made the Play Off's. Ethan has plenty of rugby left in him. His family , Dad Todd Blackadder must be very [proud of him. Todd Blackadder was a 3 time champion captain of the Crusaders, '98, '99 and 2000.An icon in this area. Also twice captain of Canterbury , '97 and 2001 when we won the NPC and Ranfurly Shield winning captain in 2000.
Go to comments