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Record financial returns for RFU

16th November 2013 08:23

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SKY_MOBILE Ian Ritchie - RFU chief executive

RFU: The world's wealthiest union

The Rugby Football Union has announced record revenue reaching over £150m for the first time in the RFU's history for the financial year of 2012-13.

The RFU's revenue rose from £110.6m to £153.5m while their retained profit came in at £3.8m. The year also saw record investment in rugby as a whole, rising to just under £64m, up 15% on 2011/12.

The figures dwarf those of other national unions and confirm England's governing body's status as the world's wealthiest union. The New Zealand Rugby Football Union recorded total revenue of approximately £54 million in their last financial year while the Welsh Rugby Union collected £61m.

The massive increase in total revenue can partly be explained by the full match programme last season, which saw Twickenham host four Test last November and three Six Nations fixtures, and increased sponsorship. Hospitality and catering remains the 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.

"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," RFU CEO Ian Ritchie said.

"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.

"Our unsecured loan granted by new banking partner RBS is allowing us to upgrade Twickenham Stadium in readiness for our hosting of the Rugby World Cup in 2015 and there is much to look forward to throughout the game."

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