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Rugby Football Union announce £8.7m profit

RFU announce £8.7m profit
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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.

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