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."
With invitations to participate in this year's Volkswagen Tag All-Ireland Championships sent to captains and assistant captains, places in each of the grades are being taken up as predicted. B, C and Beginners Grades are now almost full.
Ireland's George Clancy and John Lacey will both referee three matches during the pool stages of the upcoming Rugby World Cup. The match official appointments for the tournament's opening games were announced by World Rugby today.
Ireland will host the 'Women's Sevens Dublin' at UCD on Saturday, August 22 and Sunday, August 23. Tournament director Garrett Tubridy and Ireland stars Lucy Mulhall, Jenny Murphy and Louise Galvin speak about their excitement ahead of the World Rugby Women's Sevens Series qualifier.
Irish rugby fans will experience the excitement of a major World Rugby Women's Sevens tournament for the first time this August with the announcement that 'Women's Sevens Dublin' will be held in UCD on Saturday, August 22 and Sunday, August 23.