Clubs and provinces to receive €4m from Ireland's Six Nations success
Published 14/08/2015 | 17:13
Ireland Six Nations success has had a direct knock on effect on the provincial and domestic game with the IRFU increasing their funding by €4m this season.
The union collected that figure in prize-money as a result of Joe Schmidt’s side success at Murrayfield in March, €2m more than they had budgeted for, and with broadcasting deals and strong ticket sales adding to the coffers the result is more money for the professional and amateur game in the coming season.
IRFU treasurer Tom Grace warned that, while the on-field success has resulted in a €8.7m surplus, there remains a concern about the “volatile economy, the free-to-air (television) issue the relative financial strength of our partners and competitors in international and provincial rugby”.
“For the second year in a row the success of the national team in the RBS Six Nations has boosted the level of prize money secured from the tournament,” the former Ireland full-back said before this afternoon’s Annual Council Meeting at the Aviva Stadium.
“The strong support of the national team at the Aviva Stadium remains a vital source of revenue for the union and contributes massively to the IRFU's ability to provide funding to all levels of the game in Ireland.”
Meanwhile, the union elected UL Bohemians’ Martin O’Sullivan as its 128th president.