MX23RW : Thursday, December 12 10:24:41| >> :120:17387:17387:

Rugby Football Union announce £8.7m profit

RFU announce £8.7m profit
© PA Photos
The Rugby Football Union reveals that they have achieved record financial results for 2011.

The Rugby Football Union have revealed that they have achieved record financial results for 2011.

Revenue for the year from July 2010 to June 2011 increased by £24.3m to £136.3m, with operating profit up by £14.8m to £40.6m.

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

"In a year which presented many challenges, this is a significant achievement," said acting chief executive Martyn Thomas.

"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."

The RFU are currently seeking a new coach for the England national team following Martin Johnson's decision to resign last week.

ID:8561: cacheID:8561:1false2false3false:QQ:: from db desktop :LenBod:restore:1703:
Written by
Liam Apicella
Restore Data
Share this article now:
Read more about Martin Johson Rugby Union
rhs 2.0
Today's games header


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!