- Record group revenues, with the total increased by £24.3m from £112.0m to £136.3m
- Investment in the grassroots of the game also reached record levels of £18m
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The 2011 RFU Annual Report & Accounts, published today (Monday), show a record financial performance for the year from July 1, 2010 to June 30, 2011, underpinning continued major investment in the sport at every level.
Said Acting CEO, Martyn Thomas, “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.”
Chief Financial Officer Stephen Brown added, “The results are reflective of a solid financial and commercial base embedded over the past few years. Securing record revenues and operating profit is particularly relevant for the current season, when Twickenham Stadium has no autumn internationals and only two Six Nations matches.
“The strength of the RFU’s balance sheet continues to grow and we will be in a position to comfortably repay the bank loan used to develop Twickenham Stadium’s South Stand by December 2012.”
In summary the highlights for the year were:
- Record group revenues, with the total increased by £24.3m from £112.0m to £136.3m, largely driven by the match programme. This was accompanied by growth in most other revenue streams, in particular broadcasting, sponsorship and hospitality.
- Whilst the UK hospitality market as a whole remained flat at best during the year, Twickenham Stadium remained at the forefront of corporate entertaining, with 21,000 hospitality packages sold, an increase of 17% on the previous year.
- The 2010/11 results also demonstrated the success of Twickenham’s year-round business, Conference and Events enjoying a 16% year on year growth, London Marriott Hotel Twickenham and Virgin Active Classic Health Club business jointly delivering £8.7m revenues in 2010/11, up from £6.4m revenues in the previous year.
- Investment in the grassroots of the game also reached record levels of £18m during the year enabling a full programme of activities and projects to be delivered by the Community Rugby Department.
- Investment in the Elite Rugby Department of £12.7m covered all England teams and their management, Elite Coaching, Refereeing and Sports Science and Medicine. Funding of £12.5m for the Premier Rugby clubs included fees and bonuses paid to England senior and Saxons players with £2.3m invested in the RFU Championship and £0.8m for clubs in the Anglo-Welsh LV= Cup.
Click the following link to view the full 2011 Annual Report.