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#Post#: 130513--------------------------------------------------
Whip round for the RFU anyone? £40 millinon!
DIR By: Bod
Date: November 20, 2024, 2:56 pm
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"The Rugby Football Union is set to make a record loss which
could approach £40 million when its end-of-year accounts are
published in the next month, Telegraph Sport can reveal.
The final figure, once the audited findings are released, is
expected to comfortably trump the loss of £30.9 million
sustained by the governing body in 2018, which led to the
resignation of then chief executive Steve Brown a year out from
the World Cup in Japan.
The accounts cover the 12 months to June this year, and the RFU
expected to make a loss as the figure covers England’s World Cup
campaign in France, with the competition also meaning Twickenham
did not host any autumn internationals. Any RFU investments are
also not taken into account for the £35 million-plus figure.
However, the scale of the loss, thought to be one of the largest
suffered by an English sports governing body, is far greater
than the £10 million the governing body posted in the financial
year after the 2019 World Cup in Japan – a period in which
England hosted only two Six Nations games, rather than the three
they staged in 2024.
The RFU’s finances are said to have a strong balance sheet, no
debt, significant cash reserves and positive ‘profit and loss’
reserves. The level of this year’s deficit is in part said to be
explained by ‘investments’, with the underlying loss thought to
be lower than the headline figure.
The news will increase the pressure on chief executive Bill
Sweeney, with Steve Borthwick’s England having lost all three of
their autumn internationals so far and facing the prospect of
winning just five of their 12 games in 2024. Twickenham was
virtually sold out for England’s consecutive defeats by New
Zealand, Australia and South Africa, but tickets still remain
for the visit of Eddie Jones’s Japan on Sunday."
Full article below
HTML https://www.msn.com/en-gb/money/other/rfu-to-announce-record-losses-of-up-to-40m/ar-AA1us0jw?ocid=msedgntp&pc=ASTS&cvid=75573c99bdbf405387a889c3466f348f&ei=8
#Post#: 130515--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Brown Bottle
Date: November 20, 2024, 3:39 pm
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Do you post this story every 4 years? And do you always miss out
the details you don't like in your selective quote?
#Post#: 130517--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Bod
Date: November 20, 2024, 4:45 pm
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I guess if you're running a business and you trot out the same
lame excuses every 4 years you'd expect the shareholders to get
rid of the Exec and bring in new blood with new ideas.
What d'you think?
#Post#: 130534--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: A222Quin
Date: November 21, 2024, 4:24 am
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What lame excuses? Every 4 years they don’t have any Autumn
internationals because of the World Cup. That massively hits
revenue. Until the detail of the accounts are out it’s all a
load of speculation.
Plenty to have a go at them for but this article looks like a
bit of red meat being chucked over the fence.
#Post#: 130540--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: poorfour
Date: November 21, 2024, 5:04 am
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Quite. World Rugby is even worse - they make all their money
from the RWC, and run in massive deficit 3 years out of 4.
That said, the RFU did warn in last year’s accounts that they
had not made as much money as planned from last year (which
should have been a “fill up the coffers” year) and so the next 3
years were likely to be worse than expected. A lot may depend on
next year and whether they can sell out RWC2025 and make more
from that than expected.
#Post#: 130542--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Banstead Quin
Date: November 21, 2024, 5:06 am
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Oh man, I've just committed a fiver a month to Donkey's, sorry
RFU! You'll just have to put your prices up to £250 a ticket
entry level
#Post#: 130561--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: euroquin
Date: November 21, 2024, 3:55 pm
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Francis Baron: ‘The RFU is not expecting to make a profit for
almost 10 years. You can’t go on like this’
HTML https://www.theguardian.com/sport/2024/nov/21/francis-baron-the-rfu-is-not-expecting-to-make-a-profit-for-almost-10-years-you-cant-go-on-like-this
#Post#: 130590--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Admin
Date: November 22, 2024, 2:13 pm
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That is a worrying read!
#Post#: 130591--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Wirralquin
Date: November 22, 2024, 2:52 pm
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As a follower and supporter of championship rugby , I wish
nothing but bad luck and a sacking on bampot bill sweeney. The
way he has tried to manipulate promotion and relegation is
beyond contempt
#Post#: 130592--------------------------------------------------
Re: Whip round for the RFU anyone? £40 millinon!
DIR By: Wirralquin
Date: November 22, 2024, 2:54 pm
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As a follower and supporter of championship rugby , I wish
nothing but bad luck and a sacking on bampot bill sweeney. The
way he has tried to manipulate promotion and relegation is
beyond contempt
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