Scottish Rugby posts record turnover

09 Aug 2019

By: Sport Industry Group

Scottish Rugby has posted a record turnover, claiming it is in the best net cash position for over 25 years.

After a successful period on the pitch for the national team and club sides - including Glasgow Warriors reaching the final of the Pro14 and Scotland retaining the Calcutta Cup for the first time in 35 years - the Union has seen its turnover rise by £3.9m to hit a record £61.1m.

Over 400,000 fans arrived at Murrayfield for six sold out international games in 2019, the highest total ever, while Scottish Rugby say it has been able to invest a further £3.1m into grassroots around the country.

Scottish Rugby Chairman, Colin Grassie, said: “I am pleased to report that since our last AGM our turnover has grown once again by £3.9m to a record £61m following an increase in our ticketing, broadcast, and other rugby income.

“We are also pleased to report that we are in our best net year-end cash position for over 25 years, as a direct result of balanced and sustainable financial management of the organisation – reducing debt while working to increase incomes and investment in all areas of the game. At its height, cash debt was at a level of £23m. We are now in a new era financially and in a far stronger position.”