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Sweeney reports £4m profit for RFU

The RFU made a profit of £4m in 2022-23 despite three Premiership clubs and the Championship winners Jersey Reds going out of business because of financial struggles.
Wasps, Worcester and London Irish all went into administration last season, followed by Jersey in October.
The figure of £4m is £11m lower than 2021- 22 according to the report released by English rugby’s governing body on Friday. The RFU also said all debts from Covid-impacted years have been paid off with £24.9m in cash and £25m in deposits.
They also posted an end-of-year profit and loss reserve of £123.3m while sponsorship...

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