The Rugby Football League lost almost £1m last year largely down to insurance premiums more than doubling.
The annual report for 2022 detailed a loss of £987,000 – following a profit of £1.059m for the previous year – and cash reserves of £7.9m. Four key areas are identified, insurance being the most significant, with costs rising from £705,644 in 2021 to £1,430,627 – the result of “a significant premium increase which was not able to be budgeted”.
This cost is incurred on behalf of the whole game, as it arises from liability insurance placed by the RFL on behalf of its clubs. Central Events are the next factor identified, with ticketing revenues for the 2022 Challenge Cup Final “below expectations”, and “a significant cost absorbed to stage the Mid-Season International…which gave the England Men’s and Women’s teams a chance to perform ahead of the RLWC2021 tournament held in the autumn."
