Munster Rugby in ‘a really good place’ financially

Munster Rugby in ‘a really good place’ financially

The importance of knockout rugby at Thomond Park has been underlined by the latest Munster Rugby accounts with the province set to break even this season after a cashflow loss of more than €6srcsrc,srcsrcsrc in their URC title-winning campaign of 12 months ago.

Wednesday night’s Munster Branch AGM, hosted by Shannon RFC at Thomond Park as club stalwart Brendan Foley was elected President for 2src24-25, was presented with the financial statement for 2src22-23 and given a forecast for 2src23-24 with chief operating officer Philip Quinn telling the Irish Examiner his organisation is expecting to at least break even in 12 months for the first time since before the Covid pandemic.

Munster Rugby did break even during the pandemic but that was due to increased support for all four provinces from the IRFU but the accounts presented to delegates by Branch honorary treasurer Tom Kinirons on Wednesday evening indicated an uptick in what was described as the first normal year post-Covid.

Quinn said the cashflow loss of just over €6srcsrc,srcsrc was not a surprise and pointed to revenue of more than €18 million, of which gate income and sponsorships represent more than 3src per cent each of that sum.

“We’ve really brought our sponsorship up, which is great, and the big positive post-Covid is gate income really jumping.

Munster’s COO said the South African

…. to be continued
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