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Welsh record £4.3m loss

THE Welsh Rugby Union recorded a £4.3m loss with a turnover of £101.3m for the year ending June 2023.
Former chief executive Steve Phillips, who left his position in January 2023, received a pay-off of £480,000 as part of £1.9m given to departing employees over a 12-month period.
Last year the WRU recorded a profit of £3.2m and turnover of £94.3m.
The figures included in the WRU annual general report covers the period from July 1, 2022 to June 30, 2023.
The WRU annual general meeting is due to be held on Sunday, November 19.
The WRU says it invested &...

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