Scottish Rugby has reported a record turnover of £57.2m (€64.1m/$75.1m) during the 2017-18 season, an 11 per cent increase on the previous campaign.
Scottish Rugby hailed its 2017-18 annual report as “one of the strongest operating results for the game in its history”. The figures represent a 63 per cent rise in income growth since 2011.
The body also posted a surplus of £1.8m, while average debt fell to £2.4m, a decrease of £2.8m on the previous year. Scottish Rugby said the funds generated will allow it to continue investing in grassroots clubs.
A run of sell-out matches at Edinburgh’s Murrayfield Stadium boosted Scottish Rugby’s results, along with broadcast revenues of £15.2m and a rise in other operating income to £18.9m, which the body attributed to the increased commercialisation of the Pro14 club competition, higher match-day hospitality and game-day related sales, non-matchday events and British & Irish Lions income.
Scottish Rugby chairman Colin Grassie said: “These results provide financial stability and have been driven by growth in broadcast revenue, as well as hospitality and other events at BT Murrayfield. On the pitch we have quality coaches, staff and a technical blueprint in place that is helping to drive the success of our national teams and develop our young players.”
Scottish Rugby noted that ticketing income dropped only slightly to £12.3m despite there being one fewer Six Nations home match. The body also cited the “tough sponsorship market” as a reason for its commercial income dropping slightly to £10.8m.
Scottish Rugby also pointed towards the improvement of the Scottish national team as a driving factor in commercial gains, with five consecutive sell-out matches at Murrayfield.
Chief executive Mark Dodson added: “Rugby in Scotland is enjoying a resurgence at an international and professional level and the support for these teams has never been stronger. This has contributed to the strong financial position we can report this year, which will help us to continue to move the game forward at all levels.
“We are committing record levels of investment into the grassroots game in Scotland in order to create a sustainable environment and help improve the standards of rugby being played across the board. We continue to build our brand on the global stage and find ourselves in a strong position as we head into Rugby World Cup 2019.”