English rugby posts big loss in 2011/12

KEITH WEIR
Last updated 06:53 14/11/2012

Relevant offers

International

Toulon boss Mourad Boudjellal threatens legal action against Leicester fans Wallabies coach Michael Cheika unfazed by overseas exodus Adam Ashley-Cooper, James Horwill to join European clubs Wales to leave no stone unturned in Rugby World Cup preparations Martin Castrogiovanni fined for misconduct Ireland lock in Rugby World Cup build-up matches Yokohama bids for 2019 Rugby World Cup matches 'Tongan Thor' hopes for starring role on rugby's biggest stage Gifford: Administrators are to blame for Samoan standoff Samoa PM forced into crisis talks with World Rugby bosses

English rugby fell into the red to the tune of 6.3 million pounds (NZ$12 million) in 2011-12 because the timing of the World Cup meant it was unable to host lucrative autumn internationals.

The financial loss had been expected in a year in which England also played only two home games in the Six Nations tournament, said the Rugby Football Union (RFU).

Losses would be covered by profits earned in other years and prospects for the game were bright as England prepared to stage the next World Cup, said RFU CEO Ian Ritchie, who took up his role earlier this year.

"There are many positives in the current accounts and much to look forward to as we head towards hosting Rugby World Cup 2015, especially as 2012/13 already promises record group turnover, contribution and investment in the game," he added.

The RFU, the governing body of the English game, is beefing up its commercial activities ahead of the World Cup. The introduction of seven-a-side rugby to the 2016 Olympics will also help raise the sport's profile.

England lost to France in the quarter-finals of the World Cup in New Zealand last year.

Ad Feedback

- Reuters

Special offers
Opinion poll

Who was the better Springboks lock?

Bakkies Botha

Victor Matfield

Vote Result

Featured Promotions

Sponsored Content