SBD Global/June 17, 2013/Leagues and Governing Bodies
International Rugby Board Announces Record Investment Program Of $74M For 2013
The Int'l Rugby Board has announced a record investment program for '13, the first year of its new four year ('13-16) funding cycle, despite recording a planned operating loss in '12. Funding invested and utilized by the IRB in '13, excluding Rugby World Cup 2015-related expenditure, will total £47M ($74M). It is anticipated that the core investment will remain at approximately this level throughout the four-year cycle, implying a forecast investment over the new four-year cycle of at least £184M ($289M), eclipsing the previous cycle's £150M ($236M) by £34M ($53M), or 23% (IRB).
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