THE BAY of Plenty Rugby Union has recorded its third surplus in as many seasons.
It posted a profit of $51,025 for the 2010 financial year.
“We are pleased to announce a profit for the third consecutive year,” said chief executive Jeremy Curragh.
“This is a modest result achieved in difficult trading conditions.”
The BOPRU’s profit is more remarkable given many other New Zealand unions are losing money at a rapid rate of knots.
Its revenue increased by seven percent to just over $4.3 million.
Commercial revenue was also up 15 percent.
However, gate revenue was down 43 percent mainly due to the atrocious weather.
“It is pleasing to secure a profit even after the low gate achieved,” said Curragh.
“We budget conservatively with gate given it is so variable and a good match attendance should really be treated as a bonus.”
Despite its books being in the green, Curragh warned the union could not rest on its laurels given this year is shaping as a difficult one for provincial unions.
“These times are extremely tough and trading through 2011 with a Rugby World Cup and condensed ITM Cup Competition will put increased pressure on revenue.”« Back to Articles
With the series level, expect both teams to put it all on the line as they seek to win the deciding test in Sydney on Saturday night.