RFU Announces Record Revenues

01 Dec 2015 | tshego

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The Rugby Football Union (RFU) has announced record revenues of £207.9m for 2014/15, exceeding the £200m mark for the first time, with a retained profit of £7.7m.

Despite a disappointing Rugby World Cup campaign, the RFU’s annual reports shows revenue exceeded £200m for the first time last season.

The figure was made possible thanks to the high number of Twickenham matches on ticket, broadcasting, hospitality and other match day revenues, non-match day conference and event revenues, renewed long-term sponsorship deals and the recognition of Rugby World Cup revenues to match costs incurred.

In November, World Rugby and England Rugby hailed the success of the Rugby World Cup, with a £250m ticket revenue and £15m guaranteed to the RFU to be invested into the development of rugby.

Investment in rugby also increased 2% over the previous year to £76.8m, with investment in professional rugby broadly flat with 2013/14 at £44.3m.

The RFU chief executive, Ian Ritchie, said: “This was a busy and financially successful year with a retained profit of £7.7m after making a record level of investment directly into clubs and in operating the English game at all levels.”

“The financial performance in 2014/15 was exceptionally strong,” RFU chief financial officer Stephen Brown said.

“The RFU has delivered a fifth consecutive year of rugby investment growth, which now exceeds strategic plan projections by £14m over the past three years.”