THE Welsh Rugby Union has posted revenues of £94.3m with its hotel next to Principality Stadium already profitable after only opening last October.
After revenues in its 2020-21 financial year took a £22m hit as the result of pandemic, which saw international games being played behind closed doors, it was able to invested £62.9m back into the game at all levels - from the community to the professional level - in its last financial year to the end of June, 2022.
The year saw the union draw down its first instalment of a £40.6m payment from CVC Capital Partners after the private equity firm struck a deal to take a minority stake in the Six Nations, at just over £6m. This helped the union post a profit of £3.2m. It is committed to reinvesting the proceeds from capital enhancing projects - with a number of projects being planned, including a Principality Stadium roof walk - but with room under its banking arrangements to re-invest some of the CVC monies back into the game.
