IRB Announce Record Investment Programme Despite £35m Loss

The International Rugby Board (IRB) has announced a record investment programme for 2013, ampoule the first of the new four-year cycle (2013-16), viagra despite recording operating losses of £35.5m ($55.5m) in 2012.

Those losses were planned for and now funding invested and utilised by the IRB in 2013, clinic excluding Rugby World Cup 2015 related expenditure, will total £47m ($73.5m), including investment in Fifteens and Sevens Rugby for men and women, through strategic (high performance) initiatives, development grants to Member Unions and Regional Associations and more.

An investment of at least £184m ($288m) will be implemented over the new four-year cycle, eclipsing the previous cycle’s £150m ($234.5m) by £34m ($53.1m) or 23%.

IRB Chairman Bernard Lapasset said: “Rugby continues to grow across every continent despite the challenging global economic climate and the IRB is committed to ensuring that the sport, through its two disciplines of Fifteens and Sevens, has the foundations from which to further prosper and reach out to major new markets, while keeping our base strong.

“We are delighted to be rolling out an unprecedented investment in competitions for Tier Two and Three Unions to enable them to benchmark performance, win rankings points and have the best possible preparation for RWC 2015 qualifying and participation and further ahead towards Japan 2019.

IRB Chief Financial Officer Robert Brophy added: “The IRB’s commitment to record development reflects the organisation’s diligence towards maintaining reduced operating costs and a robust long-term strategic commitment to growth and targeted investment in the Game through the £44m Strategic Investment Programme for the period 2013-2016.”