NEWS
RFU invests record £100m back into game despite making loss
POSTED 07 Dec 2017 . BY Rob Gibson
This was always going to be a period of reinvigoration and I’m glad that a comparison with the last season with the same match profile, and unaffected by the Rugby World Cup 2015 revenues, shows total revenue up by 20 per cent
– Steve Brown, CEO, RFU
The Rugby Football Union has put nearly £100m (US$134.18m, €113.80m) back into the sport this year – an increase of 11 per cent on 2016.

The investment, at £99.6m (US$133.60m, €113.35m), comes despite the annual accounts showing lower year-on-year revenues, mainly due to the Rugby World Cup 2015 revenues recorded in 2016, and an operating loss of £6m (US$8.05m, €6.83m).

The RFU balance sheet remains strong with net assets of £215m (US$288.42m, €244.68m), with profit and loss reserves of £18.5m (US$24.82m, €21.05m) putting the RFU in a strong position to manage the four-year Rugby World Cup cycle’s effect on the number of games at Twickenham Stadium.

“This was always going to be a period of reinvigoration and I’m glad that a comparison with the last season with the same match profile, and unaffected by the Rugby World Cup 2015 revenues, shows total revenue up by 20 per cent," said RFU chief executive Steve Brown.

"Growth was achieved across the key revenue streams, and our overheads were nine per cent lower year-on-year.”

Investment in professional rugby was £63.7m (US$85.45m, €72.49m), up 14 per cent and investment in rugby development was £35.9m (US$23.61m, €48.16m), up five per cent.

Ticket revenues, excluding the Rugby World Cup 2015, increased by 87 per cent, to £17.6m (US$23.61m, €20.03m) due to four Old Mutual Wealth Series and three Six Nations home internationals – with 1.1 million tickets sold to 17 matches at Twickenham.

Brown also noted the addition of the first artificial grass pitches (AGPs), with more than £50m (US$67.07m, €56.90m) invested into 100 floodlit AGPs nationwide by 2019. Seven are now operational, with three more to open in early 2018.

“Our Professional Rugby investment was up £8m (US$10.73m, €9.10m) and includes the first year costs of both the new eight-year Professional Game Agreement and the new four-year players deal.

The RFU recently launched a four-year plan to help the sport grow.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - RFU invests record £100m back into game despite making loss...
19 Nov 2018 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

07 Dec 2017

RFU invests record £100m back into game despite making loss
BY Rob Gibson

England's Maro Itoje claims the ball from a line out during the Autumn International at Twickenham Stadium, one of 17 matches which boosted the coffers

England's Maro Itoje claims the ball from a line out during the Autumn International at Twickenham Stadium, one of 17 matches which boosted the coffers
photo: Paul Harding/PA Wire/PA Images

The Rugby Football Union has put nearly £100m (US$134.18m, €113.80m) back into the sport this year – an increase of 11 per cent on 2016.

The investment, at £99.6m (US$133.60m, €113.35m), comes despite the annual accounts showing lower year-on-year revenues, mainly due to the Rugby World Cup 2015 revenues recorded in 2016, and an operating loss of £6m (US$8.05m, €6.83m).

The RFU balance sheet remains strong with net assets of £215m (US$288.42m, €244.68m), with profit and loss reserves of £18.5m (US$24.82m, €21.05m) putting the RFU in a strong position to manage the four-year Rugby World Cup cycle’s effect on the number of games at Twickenham Stadium.

“This was always going to be a period of reinvigoration and I’m glad that a comparison with the last season with the same match profile, and unaffected by the Rugby World Cup 2015 revenues, shows total revenue up by 20 per cent," said RFU chief executive Steve Brown.

"Growth was achieved across the key revenue streams, and our overheads were nine per cent lower year-on-year.”

Investment in professional rugby was £63.7m (US$85.45m, €72.49m), up 14 per cent and investment in rugby development was £35.9m (US$23.61m, €48.16m), up five per cent.

Ticket revenues, excluding the Rugby World Cup 2015, increased by 87 per cent, to £17.6m (US$23.61m, €20.03m) due to four Old Mutual Wealth Series and three Six Nations home internationals – with 1.1 million tickets sold to 17 matches at Twickenham.

Brown also noted the addition of the first artificial grass pitches (AGPs), with more than £50m (US$67.07m, €56.90m) invested into 100 floodlit AGPs nationwide by 2019. Seven are now operational, with three more to open in early 2018.

“Our Professional Rugby investment was up £8m (US$10.73m, €9.10m) and includes the first year costs of both the new eight-year Professional Game Agreement and the new four-year players deal.

The RFU recently launched a four-year plan to help the sport grow.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Video: Attractions Management News Flash 19 November 2018
Video: Attractions Management News Flash 19 November 2018   19 Nov 2018

The latest Attractions Management News Flash Video is now live! In this broadcast, is Universal Studios planning a Jurassic World attraction? .... more>>
Construction begins on Miami’s Underline linear park
Construction begins on Miami’s Underline linear park   16 Nov 2018

Work has started on the what is expected to become Miami’s next "world-class trail". Designed by landscape architecture firm James Corner Field .... more>>
St Louis Zoo reveals plans for US$80m expansion
St Louis Zoo reveals plans for US$80m expansion   16 Nov 2018

St Louis Zoo is planning to add a US$80m (€70.6m, £62.4m) expansion which would house a new breeding facility as well as new outdoor visitor .... more>>
Dollywood, Universal and Fantawild among 2018 TEA Thea Awards winners
Dollywood, Universal and Fantawild among 2018 TEA Thea Awards winners   16 Nov 2018

The Themed Entertainment Association (TEA) has revealed the winners of this year's Thea Awards. Dollywood theme park took home the Thea Classic .... more>>
The Pavilions Hotels launches Nepal’s first-ever tented eco-villas
The Pavilions Hotels launches Nepal’s first-ever tented eco-villas   15 Nov 2018

Luxury group The Pavilions Hotels & Resorts will soon debut the Himalayas Lake View – the first tented eco-villas in Nepal. Designed by Wonaw & .... more>>
Anytime Fitness' parent company acquires Basecamp Fitness – plans to roll out franchise globally
Anytime Fitness' parent company acquires Basecamp Fitness – plans to roll out franchise globally   15 Nov 2018

Self Esteem Brands, owner of Anytime Fitness, has acquired a new fitness concept with plans to franchise it worldwide. Basecamp Fitness – .... more>>
Company profile


Gantner Ticketing

Syx Automations was established in 1990.

View full profile>>

Catalogue gallery


Featured Supplier

Unlocking new clientele through corporate memberships

Unlocking new clientele through corporate memberships

Fitness facilities often struggle to increase corporate members. At present, just 14 per cent of individuals are granted access to gyms through their employer More>>




in this issue

• 'Preventative vision' revealed for NHS
• Escape and Myzone to 'gamify' HIIT classes
• IHG opens the UK's first Kimpton hotel



Latest jobs

Jobs Search



Lifeguard
Salary: Competitive salary
Location: Sunbury-on-Thames, UK
Company: Everyone Active
Leisure Assistant
Salary: £7.90- £8.45
Location: Bristol, UK
Company: Active Lifestyle Centres
Cover Duty Manager
Salary: £9.80 per hour
Location: Yate, Bristol, UK
Company: Active Lifestyle Centres
Diary dates
Powered by leisurediary.com




24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Interview: Sioux-per foods
The Sioux Chef, Sean Sherman, is on a mission to revive indigenous cuisine More>>
  Social good: Spice of life
Oomph! founder Ben Allen is bringing variety to residential homes More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Social good: Winds of change
Learn about the Change Foundation and the opportunities it creates More>>
  Thermal Spa: Taking the waters
Magali Robathan met the key people behind the Gainsborough Bath Spa More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd