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SBD Global/November 14, 2012/Finance
Rugby Football Union Reports $10M Loss, Cites Fewer Matches At Twickenham
Published November 14, 2012
GROWING THE GAME: The PA reported the RFU has "recently announced plans for a £76M ($121M) upgrade of Twickenham Stadium and a £26M ($41.2M) investment in the community game to "take full advantage of the 2015 World Cup legacy." RFU CFO Stephen Brown said that the RFU "will have repaid the full bank loan which financed the Twickenham south stand by the end of the current financial year" (PA, 11/13). REUTERS' Keith Weir reported the RFU is "beefing up its commercial activities ahead of the World Cup." The introduction of seven-a-side rugby to the 2016 Olympics "will also help raise the sport's profile" (REUTERS, 11/13).