RFU reports revenue decrease
The Rugby Football Union has reported a small decrease in group revenue with turnover for 2013-14 falling £2.3million to £152.2million.
The total investment into rugby was £75.3million, up 13 per cent on 2012-13, with a substantial proportion of this growth focussed on the RFU's commitment to building a lasting World Cup legacy.
The commitment to maintaining growth in rugby investment results in a planned loss for the year of £9.5million, which will be accommodated by the group's profit and loss reserve, which remains at £10.2million.
"This has never been more important and we are committed to creating a real and lasting legacy from World Cup 2015," RFU chief executive Ian Ritchie said.
"In the past year we significantly increased our investment in both professional and development rugby, with a record £75.3m invested directly with clubs and in operating the English game at all levels."