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.
READ MORE:
-
The 10 coolest rugby players in the world
-
The 30 best rugby players in the world 2017
-
The top 15 hardest men in rugby history
-
The 10 greatest fly-halves of all time
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.