RFL Announces Turnover Increase for 2011
By Community | July 18, 2012
The RFL have announced an increase in turnover to an all-time high of £27.04m ($42.3m) in 2011 when the distribution of funds to member clubs reached record levels, order it was announced at the sport’s Annual General Meeting earlier today.
The turnover of £27.04m represents an 18.5 per cent increase on 2010 and allowed the RFL to increase payments to or on behalf of clubs and other member organisations to £9.18m ($14.36M), health the 11th increase in successive years.
That figure, which includes fees for participating in the Challenge Cup, the Co-operative Championship, insurance payments and player welfare provision, is almost triple the amount invested five years ago, when distributions stood at £3.46m ($5.41m).
The RFL also recorded a pre-tax profit for the 10th consecutive year in 2011, in spite of the continued economic downturn.
RFL Chief Executive Nigel Wood said: “The RFL’s record turnover in 2011 is a commendable achievement which has allowed us to provide unparalleled levels of assistance to clubs at a time when every area of the game is facing financial pressure.
“Whilst the governing body remains committed to building on its track record of delivering growth across the whole game, we are under no illusions as to how tough it is out there.
“The flat economic outlook means that 2011 turnover levels could represent something of a high water mark for the RFL but we will continue to strive to build on our achievements of the last 11 years.
“With the kick-off of the Rugby League World Cup just 15 months away, the organisation and the sport are well placed to take full advantage of the opportunities this exciting international competition present.”