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RFU Financials

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RFU Financials

Postby Rooster » Thu Oct 20, 2016 8:54 pm

This is what we are up against :shock:
Thanks To RWC 2015 RFU Post Record Turnover £400m+ And Rugby Investment £100m+

14 October 2016

The RFU has released financial results for 2015-16 season, reporting revenue of over £400m and rugby investment of more than £100m for the first time.

The exceptional year and the positive financial impact of hosting Rugby World Cup 2015. Revenues almost doubled from the previous year, with total revenue increasing by £199.2m (€221m), from £207.9m (€231m) to £407.1m (€452m) driven by £228.1m (€253m) income from the Rugby World Cup.

As a result the governing body directed rugby investment of £102.3m into the game in England, topping £100m for the first time and up 37% on the prior year.

"Despite the huge disappointment of England’s early exit from our home Rugby World Cup, by running the widely acclaimed ‘most successful Rugby World Cup ever’ we have delivered significant investment into rugby both at home and globally," said RFU CEO Ian Ritchie.

"The legacy will continue to benefit our community clubs and the sport at every level.”

The past four years’ actual rugby investment exceeded the ambitious target set by the RFU Strategic Plan by £28m.

In the past year, the RFU invested £89.8m into rugby, 17% more than in the previous year, with £55.7m investment in professional rugby and £34.1m investment in rugby development.

This was the fifth consecutive year of increased investment in rugby development, and included spending on a range of participation growth initiatives and delivering a lasting World Cup legacy in the community game.

Investment in the game was facilitated by underlying revenue growth in broadcasting (up 39% to £44m thanks largely to a new agreement with Sky), sponsorship (up 8% to almost £30m with renewed agreements with O2 and Canterbury and a new partner in Old Mutual Wealth), match day hospitality and non-match day conference & events (up 3% to £44.6m), and travel revenues, with England Rugby Travel (the official travel operator for RWC 2015 wholly owned by the RFU) seeing an eight fold revenue increase to £5.7m.

In what would ordinarily be a loss making season, the union achieved a retained profit of £3.9m, compared to a loss of £6.7m in 2014/15, a move of almost £11m year on year.

“We are very proud to have exceeded our Strategic Plan target for rugby investment by £28m over the past four years," said chief financial officer Stephen Brown.

“Ultimately the union is in a very good place financially, which enables the game as a whole in England to benefit directly from this success.” ... .html#p=80
“That made me feel very special and underlined to me that Ulster is more than a team, it is a community and a rugby family"
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Re: RFU Financials

Postby Rooster » Thu Oct 20, 2016 8:58 pm

RFU & PRL Agree On At Least £224m Over Eight Years
25 July 2016
The Rugby Football Union (RFU) and Premiership Rugby Limited (PRL) have formally confirmed their new eight year partnership valued at over £224m (€267m).

The agreement runs to July 2024 and will see Premiership clubs benefit from the successful financial performance of England Rugby for the first time, as PRL and the RFU have agreed an appropriate share of rugby revenues as a basis for the investment over the life of the deal.

The first four-year payment fixed at £112 million. The second four-year payment could potentially be higher than £112 million subject to financial performance under the “rugby revenue share partnership” approach. The funding model for the clubs is based on the English Qualified Player (EQP) threshold being met, the Elite Player Squads (EPS) and standards for club academies being achieved.

The agreement allows more players in the elite playing squad (45 as opposed to 33 previously), more access to the squad for England coaches and more in-season rest days for players.

The new agreement also includes increased funding of academies.

The Greene King IPA Championship will continue to have play-off finals in the 2016/17 season. However the format will be negotiated between the Championship clubs, RFU and PRL for the following season and beyond as to whether there is a play-off system to decide promotion. (An article in The Telegraph on 26th July sets out the position of the Championship clubs).

Premiership Rugby will now manage and sell the commercial rights of the Anglo Welsh Cup from the beginning of this season while the RFU will continue to regulate the competition.

Ian Ritchie, RFU chief executive said: “This is a true partnership focused on making English rugby the best in the world for club and country. A strong partnership between the RFU and the PRL is critical if we are to grow professional rugby across the country for the benefit of the players, fans and the game.

Mark McCafferty Premiership Rugby chief executive officer said: "Success for England and the clubs depends on an effective partnership between the RFU and Premiership Rugby on many levels.

"We've seen that emerge from the last few years of the previous agreement and this new one is capable of setting the platform for a period of sustained success for both club and country, as we look to build on the strong finish to last season.

"The next year will also be very important in working together to secure the necessary improvements to the global season structure.

“The significantly increased monies to the Premiership clubs, alongside their own increased TV and commercial revenues, will ensure that Aviva Premiership Rugby continues to go from strength-to-strength based on world-class England Qualified Players (EQPs) and a very strong academy pipeline of talent. In addition, this is intended to underpin further European success."
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Re: RFU Financials

Postby BaggyTrousers » Thu Oct 20, 2016 9:05 pm

Actually very impressive but their pro clubs are still clanking about mired with debt at present, however even there most of them are probably on an upward track with the new amounts of TV money going into them.

Sorrybastards excepted of course.
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Re: RFU Financials

Postby UlsterNo9 » Fri Nov 11, 2016 11:01 pm

A new four-year, £20m deal for England players has been welcomed by Rugby Football Union chief Ian Ritchie.

The new terms will see players earn in excess of £20,000 per Test match, excluding bonuses.

"These are exciting times for English Rugby, and the deal offers a significant uplift from the previous deal," said Ritchie.

The RFU posted record figures last year, with profit rising to over £100m after England hosted the World Cup.

England exited the World Cup in the group stage but have achieved success since under new coach Eddie Jones.

They won the Six Nations Grand Slam for the first time since 2003 in February and completed a first 3-0 series win by a touring side in Australia since South Africa in 1971.

The new deal, which was negotiated by the Rugby Players Association, will cover training fees, image rights payments and squad performance bonuses.
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Re: RFU Financials

Postby scrum5 » Sat Nov 12, 2016 7:53 pm

and the Championship teams continue to struggle.....
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