RFL announces record turnover of £27m

Date published: Friday, July 20, 2012

The RFL increased its turnover to an all-time high of £27.04m in 2011 when the distribution of funds to member clubs reached record levels, it was announced at the sport’s Annual General Meeting earlier today.

The turnover of £27.04m represents an 18.5 per cent increase on 2010 and allowed the RFL to increase payments to or on behalf of clubs and other member organisations to £9.18m, the 11th increase in successive years.

That figure, which includes fees for participating in the Challenge Cup, the Co-operative Championship, insurance payments and player welfare provision, is almost triple the amount invested five years ago, when distributions stood at £3.46m.

The RFL also recorded a pre-tax profit for the 10th consecutive year in 2011, in spite of the continued economic downturn.

RFL Chief Executive Nigel Wood said: “The RFL’s record turnover in 2011 is a commendable achievement which has allowed us to provide unparalleled levels of assistance to clubs at a time when every area of the game is facing financial pressure.

“Whilst the governing body remains committed to building on its track record of delivering growth across the whole game, we are under no illusions as to how tough it is out there.

“The flat economic outlook means that 2011 turnover levels could represent something of a high water mark for the RFL but we will continue to strive to build on our achievements of the last 11 years.

“With the kick-off of the Rugby League World Cup just 15 months away, the organisation and the sport are well placed to take full advantage of the opportunities this exciting international competition present.”

A summary of the RFL’s financial highlights and consolidate profit and loss account for the year ending December 31 2011 are included in the 2011 Annual Report, which also features an extensive review of the 2011 season and RFL activity throughout the year, including the Championships Review, Participation and Community developments, the continued development of the England brand and ongoing plans for Rugby League World Cup 2013.

The 2011 Annual Report is available to view and download at www.therfl.co.uk/~rflmedia/docs/RFL2011Report.pdf

The full financial statements will be submitted to Companies House, where they will be accessible to the general public.