RFU Report £30.9m Loss

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27 November 2018

The RFU reported losses of £30.9m (€34.7m) in 2017/18 season. Revenues were £172.4 million (€193.7m) - lower than 2016/17’s £184.9 m. The difference was driven largely by the impact on ticket and broadcasting revenues of fewer home matches at Twickenham. As a result, profit before rugby investment reduced 11% year on year to £83.3 million (€93.6m) from £99.6m.

The annual report published this week highlights record rugby investment of £107.7 million. This includes investment in the professional game and community game, and represents an increase of 8% year on year.

An exceptional cash gain of £31.6 million from the restructure of the RFU’s holding in Twickenham Experience Limited (TEL) this enabled rugby investment of £107.7 million - £70.7 million in the professional game and £37 million in the community game. Grassroots stakeholders were reminded that investment in the community game grew for the seventh consecutive year.

Reserves during the year increased to £25.1 million. Overhead expenses, which include all administration and non-matchday stadium costs decreased £1.1 million year on year, despite an increase in depreciation and a provision for staff restructuring.

The governing body was widely reported to have reduced their employee headcount by 54 in cost-cutting measures.

RFU chairman Andy Cosslett commented: “The RFU’s purpose is to encourage rugby and its values to flourish across England. This is a demanding objective that relies on the support of all those involved in the game, and considerable financial investment.

"During the last few years, the RFU

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