Rugby: World Rugby financial report for 2016

World Rugby reported a turnover of £30.8m (€36m) for the financial year ended 31/12/2016, according to its financial report published on 18/10/2017.

The international rugby federation posted a loss of £36.1m (€42.3m) for this non-World Cup year "as adjusted for International Financial Reporting Standards (IFRS), which World Rugby operates in line with global best practice. The loss for the year before the IFRS adjustment was £19.3m (€22.6m), substantially better than expectations, due primarily to the contracting of commercial revenues earlier than expected in the four-year business cycle," according to World Rugby.

In addition, World Rugby unveiled a three-year development plan leading up to the 2019 World Cup in Japan, for which the body plans to invest £226m (£258m) including £69m (€78.7m) in 2017.

To download the report: World Rugby: 2016 Financial Report  Published on 30/10/17 at 17:13
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