It may have been a disappointing year on the pitch for the Rugby Football Union (RFU), but off the field, things have never been going better. The English union announced revenues of £207 million over the period, the first time it has ever breached £200 million.
The Guardian are reporting these high numbers, pointing to several events taking place in Twickenham. The Barbarians’ game against Argentina, the European Champions Cup Final, and the Rugby World Cup all added to this revenue.
Despite some on-field problems, the future is bright for English rugby with these figures, and they will reap the rewards in coming years.
“Revenues exceeded £200m for the first time thanks to the effect of 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,” a Rugby Football Union statement said.
“Rugby investment increased 2% over the previous year to £76.8m, with investment in professional rugby broadly flat with 2013-14 but rugby development investment up by 5% (£1.5m) due to increased spending on game development and growth initiatives.
“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.”