WRU increases funding for grassroots rugby

8:45 AM GMT

The Welsh Rugby Union has increased its spend in the grassroots side of rugby as they focus on investment back into the game.

The latest accounts show the WRU has increased its turnover by 13 percent, up to £73.3m, which has led to into an 11 percent increase in the grassroots side of the game with £33.1m now being invested.

The hope is this will have a positive knock-on effect on the four Welsh PRO12 regions.

“The regions are essential to our success,” the WRU’s group finance director Steve Phillips said. “For Wales to do well, they have to and the way we look at it now is to look at how to assist as best as we are able.

“The dialogue and co-operation are better now and we are working together. You want the community game to feed the Premiership and the Premiership to feed the region and that is what we are trying to bring about.”

And in further positive news for the WRU, its net bank debt has been reduced from £14.2m to £11m.

“We are delighted to be able to announce a solid set of financial results for the year ending June 2016,” said WRU chief executive Martyn Phillips. “We have been able to increase re-investment in all levels of the game specifically the community game, the Premiership clubs and the regions.

“Our clubs, the community game and all the players, coaches and other volunteers at that level are the lifeblood of our national sport. We are proud to be able to say that all the Group’s revenues have been re-invested back into the game and that investment is at record levels in each of the regional, Premiership and community game, as well as on an overall basis.

“This is pleasing as the percentage growth in the re-investment in rugby is broadly tracking the percentage growth in revenues.”

Source Article from http://www.espn.co.uk/rugby/story/_/id/17718602/wru-increases-funding-grassroots-rugby
WRU increases funding for grassroots rugby
http://www.espn.co.uk/rugby/story/_/id/17718602/wru-increases-funding-grassroots-rugby
http://www.scrum.com/rss/rugby/story/feeds/0.rss
www.espn.co.uk – RUGBY

Latest RUGBY news from www.espn.co.uk

http://a.espncdn.com/i/espn/teamlogos/lrg/trans/espn_dotcom_black.gif

Be the first to comment on "WRU increases funding for grassroots rugby"

Leave a comment

Your email address will not be published.


*


four × 1 =

%d bloggers like this: