IRFU to increase funding to Provinces and Grassroots by \u20ac4m<\/p>\n
The Irish Rugby Football Union today presented its 2014\/15 Annual Report and Accounts, reporting a surplus in excess of 8.7 million euro due to continuing strong ticket sales, new broadcast agreements and the prize-monies generated by the national team thanks to their success in the RBS 6 Nations Championship.<\/p>\n
The surplus has resulted in a net cash operating surplus of \u20ac1.2 million (versus a \u20ac1 million deficit in 2013\/14) after amortised non cash income and expenditure were accounted for.<\/p>\n
The strong financial performance will allow the IRFU to increase funding to the provincial and club game by \u20ac4 million per annum from the start of the 2015\/16 season.<\/p>\n
Honorary Treasurer Tom Grace noted that although recent success on and off the pitch has afforded an opportunity for the Union to increase funding to the game, Irish Rugby faces a number of significant challenges in the years ahead.<\/p>\n
Presenting the accounts, Grace said, “There are significant risks facing the Union, including economic uncertainty, the free-to-air issue and the relative financial strength of our partners and competitors in International and Provincial Rugby.<\/p>\n
For the second year in a row the success of the national team in the RBS 6 Nations has boosted the level of prize money secured from the tournament. The strong support of the national team at the Aviva Stadium remains a vital source of revenue for the Union and contributes massively to the IRFU’s ability to provide funding to all levels of the game in Ireland.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
IRFU to increase funding to Provinces and Grassroots by \u20ac4m The Irish Rugby Football Union today presented its 2014\/15 Annual Report and Accounts, reporting a surplus in excess of 8.7 million euro due to continuing strong ticket sales, new broadcast agreements and the prize-monies generated by the national team thanks to their success in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1836],"tags":[],"class_list":["post-14347","post","type-post","status-publish","format-standard","hentry","category-home"],"_links":{"self":[{"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/posts\/14347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/comments?post=14347"}],"version-history":[{"count":1,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/posts\/14347\/revisions"}],"predecessor-version":[{"id":14349,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/posts\/14347\/revisions\/14349"}],"wp:attachment":[{"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/media?parent=14347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/categories?post=14347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/intouchrugby.com\/connacht\/wp-json\/wp\/v2\/tags?post=14347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}