Investment In Rugby Up By 15%

The RFU Annual Report & Accounts, published today, show Group revenue for 2012/13 reaching over £150m for the first time in the RFU’s history and record investment in rugby as a whole rising to just under £64m, up 15% on 2011/12.

Said CEO, Ian Ritchie, “This was an outstanding year in which continued growth allowed us to make record investment directly with clubs and in operating the English game at all levels.  We have made significant strides across the board allowing us to invest an additional £3.5m in grassroots rugby, largely thanks to a busy calendar of Twickenham events."

Chief Financial Officer Stephen Brown added, “We have successfully concluded the first year of our Strategic Plan and look forward to achieving our objectives through sustained and growing investment in rugby up to and beyond the Rugby World Cup in 2015.

“During 2012/13 revenue increased by £42.9m, from £110.6m to £153.5m, driven by the full match programme and increased sponsorship.  Hospitality and catering remains our single largest revenue stream and increased by £9.9m, due to the number of major international matches, increased attendances at other matches and additional concerts and non-match day events.

“The retained profit for the year of £3.8m was achieved after delivering significant growth in rugby investment.  The RFU’s profit and loss reserve now stands at a very healthy £20m which, together with strong financial projections, enable us to comfortably accommodate the fluctuations of  the four-year Rugby World Cup match cycle  whilst maintaining investment in all levels of the game.”