Rugby: a turnover of £79.9m and net loss of £5.3m for the Welsh Rugby Union (WRU) in 2020

The Welsh Rugby Union (WRU), posted a turnover of £79.9m (€87.5m) "and was able to limit retained losses to £5.3m (€5.8m)" for the financial year ended 30/06/2020 "despite the Covid-19 pandemic," said the body on 11/10/2020.

"The postponement of the Scotland (6 Nations) game alone amounted to c.£8.1m deficit. The £4.9m of income, provided by the Group's share of CVC Capital Partners' investment in the Guinness Pro14 competition, helped to mitigate the pandemic's effect," explained the body.

In 2020 "commercial income was also up at £15.4m (2019: £14.2m) and income from participation in the Rugby World Cup made a significant positive contribution, but the pandemic negatively affected competition income (down to £7.1m from £11.9m in 2019) as well as event income (down to £1.1m from £2.4m in 2019) and hospitality and catering income (down to £9.3m, 2019: £14.0m) at Principality Stadium," added WRU.

• The Luxembourg investment fund CVC Capital Partners acquired 28% of the shares in Guinness Pro14 from Celtic Rugby DAC on 22/05/2020.
  
  • Celtic Rugby DAC, owned by the Irish, Scottish and…