Rugby: Welsh Rugby Union posts a turnover of £90.5m and a net loss of £4.3m in 2019

Welsh Rugby Union posted a turnover of £90.5m (€100.9m) for the financial year 2019 (01/07/2018 to 30/06/2019) after "having hosted one less home fixture (six instead of the seven hosted in 2018)" at the Principality Stadium, announced the body on 22/10/2019.

"A planned loss of £4.3m (€4.8m, compared to a profit of £2.3m in 2018). Commercial income remained constant at £14.2m (€15.8m) but fewer third-party events, notably boxing, reduced other sources of income, including hospitality and catering income which was reduced by £4m (€4.46m). The Welsh Rugby Union Group re-invested a record £49.6m (£42.8m in 2018) across the game in Wales last year. Re-investment in professional Regional rugby rose by £6.5m to £33m (including re-investment in the Dragons, a subsidiary of the WRU)," continued the Welsh Rugby Union.

"From a business perspective the year unfolded as expected as our ability to over perform in 2018 allowed us to increase investment in professional rugby and the community game in 2019 resulting in a planned loss. Historically the professional game benefited from contracted…