The Irish Rugby Football Union today presented its 2013/14 Annual Report and Accounts, reporting a 7.3 million euro surplus due to improved GUINNESS Series ticket sales and increased prize-monies thanks to a better than 'budgeted' finish in the RBS 6 Nations Championship and another year of strong provincial performances.
This success resulted in a smaller than expected cash deficit of €1 million (versus €4.5 million in 2012/13) after non-cash items, such as depreciation and amortised income, were accounted for.
The strong financial performance will allow for increased provincial and domestic game funding and an additional €1million investment in the Union's club loan scheme.
However, Honorary Treasurer Tom Grace urged caution based on the fragility of the wider economic recovery and the potential impact of changes to 'free-to-air' broadcasting rules and possible limitations to sports sponsorships agreements.
Presenting the accounts, Grace said: "As the economy slowly finds its feet the Irish people continue to get behind their team, and we were very pleased with the increased ticket sales for the 2013 GUINNESS Series.
"Success off the pitch was matched by big performances on it and the RBS 6 Nations prize money, in particular, has provided a welcome boost.
"The 2013/14 season demonstrated once again that supporting the national team at the Aviva (Stadium) enables the IRFU to continue to make significant funds available to the professional and domestic games."
Ireland head coach Joe Schmidt praised the squad's 'immense character' following the 27-24 GUINNESS Series success against Australia. Meanwhile, captain Rory Best reflects on 'an emotional day' as he made his 100th appearance for his country.
Irish Rugby TV brings you a behind the scenes look at Ireland's final GUINNESS Series game against Australia. Joe Schmidt's men marked captain Rory Best's 100th cap with a superb 27-24 victory over the Wallabies.
Saturday's GUINNESS Series clash with Australia marks Michael Kearney's last game as Ireland team manager. We spoke to him about five memorable years in the role. Watch out for a couple of special cameos!
Dick Spring, Chairman of Ireland's RWC 2023 Bid Oversight Board, and Bid Ambassador Brian O'Driscoll speak about their excitement at officially launching Ireland's bid to host the Rugby World Cup in 2023. #Ireland2023
We're ready to create something legendary. A showcase for rugby nations old and new. A tournament that will grow the game globally, promote the values, spirit and ethos of rugby and will capture the world's imagination. #Ireland2023 - Liam Neeson gives voice to Ireland's bid to host Rugby World Cup 2023.
Tickets are now on sale for the first ever Women's November International Series to be held in the UCD Bowl. Kids go free with any adult tickets. Ireland will face world champions England, top ranked Canada and the Black Ferns of New Zealand.
Tournament Director Garrett Tubridy sets the scene for an exciting weekend of rugby at UCD where 16 Women's Sevens teams will battle it out at for one qualifying spot for the Rio Olympics. Tickets are available from www.ticketmaster.ie/sevens.
Tadhg Furlong reflects on a disappointing day for Ireland against South Africa. However, he will take positives from his first Test start and be ready to build for the final match of the series in Port Elizabeth.
Paddy Jackson is preparing for Ireland's second Test against South Africa on Saturday (kick-off 5pm local time/4pm Irish time). The Ulster out-half has been checking out Ellis Park in advance of the match.