The Welsh Rugby Union has posted revenues of £94.3 million, with its chief executive Steve Phillips taking home £359,000, the latest accounts reveal.
The union, currently embroiled in protracted talks with Wales' four men's professional sides over a financial strategy for the future, saw their own fiscal performance return to pre-Covid levels and invested £62.9 million back into the game at all levels.
This year also saw the first instalment of the the WRU's £40.6 million payment from CVC Capital Partners after they bought a minority stake in the Six Nations. The first payment of £6 million helped the union post a profit of £3.2 million, however it remains committed to putting the money from the Six Nations deal towards capital projects like the Principality Stadium roof walk, which the union now insist will be operational by 2024.
