Scottish Rugby has broken the £50million turnover mark for the first time it will be reported at its 2017 Annual General Meeting tomorrow (Saturday 5 August).
Increases in ticketing revenue, achieved through three sell-out RBS Six Nations matches in 2017 and growing crowds at other matches, improved broadcast rights payments and continued commercial growth from sponsors all contributed to creating a £4million increase in turnover to £51.4million from the 2016 accounts.
Scotland’s rose to 5th in the World Rankings achieved through 7 victories from 11 internationals last season underpinning the landmark turnover figure and supported by improved performances by Scotland 7s, Scotland Women and Scotland U20s.
Nearly 600,000 fans watched an international or professional club game in Scotland last season which in turn led to a 25% rise in ticketing revenue, compared to the last non-Rugby World Cup year 2014/15, and a 22% rise in broadcast rights income.
A surplus of £1.7 million was achieved in the 2016/2017 financial year and a £3.3million fall in the average debt, which was reported at £5.2million.
Investment into club support and development was £2.8million, alongside additional revenues for the domestic game from sport scotland and the Government’s Cashback for Communities Scheme.