RFU Reveal Positive Financial Figures

The Rugby Football Union’s (RFU) turbulent year has finally received some positive news after posting a record financial performance of £8.7million profit.

Revenue for the year from July 1 2010 to June 30 2011 increased by £24.3million from £112million to £136.3million. Operating profit for the year was £40.6million, an increase of £14.8million on the £25.8million recorded for 2009/10.

The retained profit for the year was £8.7million compared to a retained loss of £1.1million in 2009/10.

The growth is mainly driven by the match programme, with increases also witnessed in most other revenue streams, especially broadcasting, sponsorship and hospitality.

Martyn Thomas, acting chief executive, said: “In a year which presented many challenges, this is a significant achievement. The RFU’s record revenues mean that the game benefits because although the union works to maximise profits, unlike a PLC we then invest this in the sport.

“These results put us in a very strong position for the lead-up to Rugby World Cup 2015 which will bring a unique opportunity to grow the game nationwide, while creating a lasting legacy.”

This news comes as the RFU continue to try and reverse the the problems that have turned them into a laughing stock.

Martin Johnson’s resignation as England manager last week following a disappointing and controversial World Cup has placed the national team in limbo.

The RFU are also searching for a new chief executive, while director of elite rugby Rob Andrew has been strongly criticised for his refusal to step down after presiding over the demise of three England coaches.