RFU finances are sound, claims FD

Link: RFU appoints FD as World Cup kicks off

Nick Eastwood, Rugby Football Union finance director, made this declaration after it paid over the final instalment of its £38m four-year loan on the re-development of Twickenham Stadium on Sunday.

The RFU is now in the enviable and unusual position among sporting bodies of being debt free – it also has a net cash balance of £23m.

Eastwood said: ‘The RFU now has the strongest balance sheet in the game, providing the financial foundations to deliver our strategic plan objectives.

Our turnover from TV deals has increased by 160% and other notable financial deals have included the establishment of Twickenham Experience Ltd, which generated a £12m profit.’

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