Munster To Post €300k Surplus

munster logo5
shadow bottom

12 June 2017

The Irish Examiner has reported that Munster are set to post a surplus of €310,000 (£273k) this season, a considerable turnaround from the €1.93m (£1.7m) deficit in 2015/16.

The projected cashflow surplus is driven by a €2.05m increase in gate income and an additional €1.5m IRFU grant.

Munster sold out nine matches, a new record for the province and more than the previous three years combined. Six of those were at Thomond Park, including a Champions Cup quarter-final and the game against the Maori All Blacks, which account for the majority of the financial increase.

The net profit to Munster from the Toulouse quarter-final alone was over €500,000, raising significantly more money than the combined revenue gained by the province’s appearances in the PRO12 semi-final and final.

Around half of the increase in gate income was offset by associated increases in match costs totalling €1m.

“We’ve doubled the amount of people through the gate at Thomond Park, which is scary coming from where we were last year,” said Munster Rugby’s head of finance and operations, Philip Quinn.

Ticket sales increased from 201,000 in 2015/16 to 305,000 (a 52% rise) and attendances almost doubled from 124,000 to 243,000 in the same period. Notable from these figures is the upsurge in ticketholders (including season and ten-year ticketholders) who actually attended the games — up from 62% to 80%.

Almost 5,000 junior tickets are circulated among the 26,200 tickets for a Thomond sell-out. This financial hit of around €80,000 in

To read the full article you need to be registered.

Please Register for FREE or Login.

 
There is no charge for registration. Registration applications will be limited to those involved in the business of rugby. Please see terms and conditions sections below for more information.

Share

Follow Us

LinkedIn Twitter RSS Feed

Regular Features

Recruit Experienced Rugby Talent

Rugby-Jobs.com has unique access to the rugby industry if you're looking for specialist coaching and/or commercial talent for as little as £99 +VAT for a 28-day listing.

More jobs on people and jobs section.
Employers and candidates can register on www.rugby-jobs.com.