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."
A look back on a great weekend of Sevens rugby at UCD where fans from around the world came together to support their teams. Spain claimed the final place at Rio 2016 and Ireland retained their place on the HSBC World Rugby Women's Sevens Series.
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.
Nicole Cronin, the inaugural Irish Women's Sevens Player of the Year in 2014, is looking to make an impact on her return to the green jersey at this weekend's Rugby Europe Women's Sevens Grand Prix Series in Kazan, Russia.
The Ireland Women's 15-a-side captain Niamh Briggs was part of the Irish Development team that won the Amsterdam 7s title recently. Next up is the Rugby Europe Grand Prix Series in Kazan, Russia this weekend and then a shot at Olympic Sevens qualification at UCD on June 25-26.
Experienced prop Andrew Porter speaks about the Ireland Under-20s' preparations for the World Rugby U-20 Championship and their opening pool encounter with Wales in Manchester later today (kick-off 5.30pm, live on TG4/Sky Sports 1).