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The Rugby Football Union (RFU) annual report was published on Wednesday with reported revenues for the year at £97million, down £70m on the previous year’s £167m, and a profit to reserves of £20.5m, a loss of £27.1m. Revenues in the year were nearly £120m less than pre-Covid forecasts with an underlying loss to reserves of £21.3m (c£30m worse than pre-Covid forecasts).
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An RFU statement explained: “The underlying loss for the year has been offset by an accounting profit created by a reduction in the long-term liability on the balance sheet to debenture holders as a result of a debenture donation programme.
“The programme asked debenture holders to consider selling their debenture loans back to the RFU at the present-day value and donating the proceeds to the Rugby Football Foundation. There were 5,561 debentures donated by 1,246 holders providing £1.7m in gift aid to re-invest in grassroots rugby while reducing the RFU’s long-term liabilities. This £1.7m is the only short-term cash impact of the project.
“The report highlights the significant Government support received by the game from the Sports Winter Survival Package with 512 community clubs from all levels of the game (up to National One) receiving £18.2m in grant funding. A further 129 clubs have applied for loan funding of £11.5m to enable them to put in place asset-based projects to drive revenues.
“The RFU received Government support from the Coronavirus Job Retention Scheme (£2.3m) and the Business Rates Relief Scheme (£2.25m) as well as funding to support covid testing for England women’s team and the cost of implementing the club grants scheme (£600k).
A World Rugby review has identified its preferred RWC bid candidates #WorldRugby #RugbyWorldCup
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“Before the pandemic hit, the cost and investment base of the organisation for the year ended June 30, 2021, was planned to be circa £207m. Costs were reduced by over £100m, some of the cost reduction achieved was driven by costs that vary naturally with revenues. The largest of these were costs of sale £3.6m (compared to £26.5m in the previous year).
“Difficult decisions were made to further reduce the cost base and 119 valued colleagues were made redundant. In addition, investment was reduced in England Sevens, community participation programmes, as well as mothballing parts of the stadium, including the hotel. Professional rugby investment in the year was £40.3m (£66.4m in the prior year) and rugby development investment was £17.1m (compared to £28.3 in the prior year).”
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Speaking on the same day that England became World Rugby’s preferred host candidate for the 2025 World Cup, Chief Executive Officer Bill Sweeney said: “This 150th year of the RFU has been an immensely challenging one for the union and our sport. We have worked harder than ever before to support the professional and community game through the pandemic, with a clearly focused strategic plan to ensure we deliver real benefit and support to the game. As we emerge out of covid, the RFU will continue to take a leadership role in reshaping and improving the game for the benefit of all involved.”
- Click here to read the latest RFU annual report and accounts
Comments on RugbyPass
Lets compare apples with apples. Lyon sent weak team the week before, but nobody raised an eyebrow. Give the South African teams a few years to build their depth, then you will be moaning that the teams are too strong.
41 Go to commentsDid footballs agents also perform the scout role at some time? I’m surprised more high profile players haven’t taken up the occupation, great way to remain in the game and use all that experience without really requiring a lot of specific expertise?
1 Go to commentsSuper rugby is struggling but that has little to do with sabbaticals. 1. Too many teams from Aust and NZ - should be 3 and 4 respectively, add in 2 from Japan, 1 possibly 2 from Argentina. 2. Inconsistent and poor refereeing, admittedly not restricted to Super rugby. Only one team was reffed at the breakdown in Reds v H’Landers match. Scrum penalty awarded in Canes v Drua when No 8 had the ball in the open with little defence nearby - ideal opportunity to play advantage. Coming back to Reds match - same scrum situation but ref played advantage - Landers made 10 yards and were penalised at the breakdown when the ref should have returned to scrum penalty. 3. Marketing is weak and losing ground to AFL and NRL. Playing 2 days compared with 4. 4. Scheduling is unattractive to family attendance. Have any franchises heard of Sundays 2pm?
10 Go to commentsAbsolutely..all they need is a chance in yhe playoffs and I bet all the other teams will be nervous…THEY KNOW HOW TO WIN IM THE PLAYOFFS..
2 Go to commentsI really hope he comes back and helps out with some coaching.
1 Go to commentsI think we are all just hoping that the Olympic 7s doesn’t suffer the same sad fate as the last RWC with the officials ruining the spectacle.
1 Go to commentsPersonally, I’ve lost the will to even be bothered about the RFU, the structure, the participants. It’s all a sham. I now simply enjoy getting a group of friends together to go and watch a few games a year in different locations (including Europe, the championship, etc). I feel extremely sorry for the real fans of these clubs who are constantly ignored by the RFU and other administrators. I feel especially sorry for the fans of clubs in the Championship who have had considerable central funding stripped away and are then expected to just take whatever the RFU put to them. Its all a sham, especially if the failed clubs are allowed to return.
9 Go to commentsI’m guessing Carl Hayman would have preferred to have stayed in NZ with benefit of hindsight. Up north there is the expectation to play twice as many games with far less ‘player management’ protocols that Paul is now criticising. Less playing through concussions means longer, healthier, careers. Carter used as the eg here by Paul, his sabbatical allowed him to play until age 37. OK its not an exact science but there is far more expectations on players who sign for Top 14 or Engl Prem clubs to get value for the huge salaries. NZR get alot wrong but keeping their best players in NZ rugby is not one of them. SA clubs are virtually devoid of their top players now, no thanks. They cant threaten the big teams in the Champions Cup, the squads have little depth. Cant see Canes/Chiefs struggling. Super has been great this year, fantastic high skill matches. Drua a fantastic addition and Jaguares will add another quality team eventually. Aus teams performing strongly and no doubt will benefit with the incentive of a Lions tour and a home RWC. Let Jordie enjoy his time with Leinster, it will allow the opportunity for another player to emerge at Canes in his absence.
10 Go to commentsLove that man, his way to despise angry little men is so funny ! 😂
4 Go to comments“South African franchises would be powerhouses if we had all our overseas based players back in situ. We would have the same unbeatable aura the Toulouses, Leinsters or Saracens of this world have had over the last decade or so.” Proof that Jake white does not understand the economics of the game in SA. Players earning abroad are not going to simply come back and represent the bulls. But they might if they have a springbok contract.
22 Go to commentsA lot of fans just joined in for the fun of it! We all admire O'Gara and what he has done for La Rochelle
4 Go to commentsThe RFU will find a way to mess this up as usual. My bet is there will be no promotion into the the Premiership, only relegation into National League One. Hopefully they won’t parachute failed clubs into the league at the expense of clubs who have battled for promotion.
9 Go to commentsWell that’s the contracts for RG and Jordie bought and paid for. Now, what are the chances we can persuade Antoine to hop over with all the extra dosh we’ll have from living at the Aviva & Croke next season…??? 🤑🤑🤑
35 Go to commentsWow, that’s incredible. Great for rugby.
35 Go to commentsYou probably read that parling is going to coach the wallaby lineout but if not before now you have.
14 Go to commentsIf someone like Leo Cullen was in O’Gara’s place I don’t hear Boo-ing. It’s not just that La Rochelle has hurt Leinster and O’Gara is their Irish boss. It’s the needle that he brings and the pantomime activity before the game around pretending that Munster were supporting LaRochelle just because O’Gara is from Cork. That’s dividing Irish provinces just to get an advantage for his French Team. He can F*ck right off with that. BOOOOO! (but not while someone is lying injured)
4 Go to commentsDid the highlanders party too hard before the game? They were the pits.
1 Go to commentsWhat a player! Not long until he’s in the England side, surely?
5 Go to commentsHe seems to have the same aura as Marcus Smith - by which I mean he’s consistently judged as if he’s several years younger than he actually is. Mngomezulu has played 24 times for the Stormers. When Pollard was his age he had played 24 times for South Africa! He has more time to develop, but he has also had time to do some developing already, and he hasn’t demonstrated nearly as much talent in that time as one would expect. If he is a generational talent, then it must be a pretty poor generation.
6 Go to commentsThe greatest Springbok coach of all time is entirely on the money. Rassie and Jacques have given the south african public a great few years, but the success of the springbok selection policy will need to be judged in light of what comes next. The poor condition that the provincial system is currently in doesn’t bode well for the next few years of international rugby, and the insane 2026 schedule that the Boks have lined up could also really harm both provincial and international consistency.
22 Go to comments