RFL announce profit for 13th successive yearDate published: Thursday, July 9, 2015
The RFL recorded a pre-tax profit for the thirteenth successive year in 2014, it was reported to clubs and member organisations at the sport’s Annual General Meeting in Leigh today (Wednesday July 8).
Details of the governing body’s impressive financial performance were outlined at Leigh Sports Village where representatives were told that investment around the game in 2014 was at a record high. The results from the recent Super League AGM, coupled with the results from the RFL’s 2014 trading year, saw around £32m invested in the game last year, an increase of 24 per cent on 2013.
RFL Chief Executive Nigel Wood said: “We are delighted that after what was a challenging trading year, the financial results from 2014 once again enabled us to make additional distributions to clubs.
“Our balance sheet remains strong and we have been fortunate to be able to add to reserves this year.
“In spite of there being no international Rugby League in this country last year, we were able to exceed our budgeted profit by recording a profit before tax of £295,000
“Our financial performance in 2014 has left the sport and its member clubs and organisations well placed to make the most of the opportunities afforded by the new league structure.”
A summary of the RFL’s financial highlights and consolidate profit and loss account for the year ending December 31 2014 are included in the 2014 Annual Report, which also features an extensive review of the 2014 season and RFL activity throughout the year.
The 2014 Annual Report is available to view and download by clicking here
The full financial statements will be submitted to Companies House, where they will be accessible to the general public.
At the AGM, long-serving Huddersfield Giants director Dr Paul Morgan was elected as RFL President for 2015-2106 with Barrow Raiders director Peter Hornby elected as vice-President.
Clare Morrow was re-elected as a Non-Executive Director of the RFL.