PracticeConsultingRugby board defends Welsh Rugby Union over late accounts and ‘missing’ gate receipts

Rugby board defends Welsh Rugby Union over late accounts and 'missing' gate receipts

The International Rugby Board has jumped to defend the Welsh Rugby Union following allegations that up to £15m worth of gate receipts from the Rugby World Cup tournament are unaccounted for.

The Welsh Rugby Union, which hosted the World Cup, has also failed to submit World Cup accounts on time. They were due to be filed with the IRB on 4 February but the WRU asked for, and was granted, a one month extension. The WRU is audited by Ernst & Young, based in Dublin.

IRB chief executive Stephen Baines said: ‘The WRU supplied draft accounts on 24 February. We are reviewing these with them in an orderly manner.’

Baines also said that ticket sales were a matter for the five host unions – Wales, Scotland, France, England and Ireland – who retain 5% of funds from gate receipts.

‘I want to make it clear our auditors have not, as reported, expressed alarm or concern about the accounts submitted by the Welsh Rugby Union,’ Baines added.

According to weekend press reports, some £60m was expected from the net gate receipts from World Cup matches in October and November but the WRU has said it expects to deliver around £43m.

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International Rugby Board

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