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
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