Rugby Union

RFU announces 2019 profit after losses in previous year

The RFU has published its annual accounting report, which shows the organisation made an operating profit of £14.9m in the 2018/19 season.

The news comes after the governing body for rugby in England posted an operating loss of £24.4m in the year prior.

The RFU also says it invested £100.5m in the professional and grassroots game, and after that reinvestment, 2018/19 profits stood at £3.9m. The previous year saw a post-investment loss of £30.9m.

Canterbury adds 'Lions Origin' scheme to Lions kit deal

Canterbury has extended its partnership with the British and Irish Lions, continuing as Official Apparel Partner for the 2021 tour of South Africa.

The deal will see the specialist rugby brand supply all of the invitational team’s on-field kit as well as training wear for the tour of South Africa, where many England and Wales players will be looking to gain revenge on the Springboks for defeats at the 2019 Rugby World Cup.

CVC Capital Partners to purchase stake in PRO14

Private equity firm CVC has agreed a deal in principle to purchase a minority 27% stake in the Guinness PRO14, according to multiple reports.

The league, jointly owned by the Welsh, Scottish and Irish Rugby Unions, would see an investment of £120m as a result of the deal, which is yet to be formally ratified. Each of the unions would see a cash boost of around £35m, while Italian and South African rugby - who also have clubs competing in the league - would also benefit.

Gilbert and Sportable debut first smart rugby ball

Gilbert and technology company Sportable have launched the world’s first ‘smart rugby ball’, which was debuted at the inaugural RugbyX tournament.

The technology captured data from the event in real-time, including fastest ball carriers, the longest and fastest passes as well as spin rate and hang-time. Throughout the tournament, the ball-tracking technology was also used to enforce RugbyX’s 10m kick height restriction without interruption by instantly alerting the referee.

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