Taranaki Rugby posts solid result for 2017 leading into a year of significant disruption 05 April 2018

MEDIA RELEASE

Wednesday, 28 March, 2018

Taranaki Rugby posts solid result for 2017 leading into a year of significant disruption

Taranaki Rugby Football Union CEO Jeremy Parkinson says a decent surplus for the 2017 year leaves the province in a solid position to deal with the disruption of being evacuated from the East Stand at Yarrow Stadium for the upcoming 2018 Rugby season.

The union has recorded a net surplus for the year ending 31 December 2018 of $235,643, down on the $342,169 of the previous year. It is the union's fifth consecutive surplus.

Total revenue for the year was $4,967,084, an increase of 8.1% on the previous year. Total operating expenses increased by 9.3% to $4,626,427. Overall, the union's net operating surplus was $340,657 before depreciation of $48,617 and the union's contribution to clubs of $40,273.

“We have spent a lot more money in community rugby across our rugby development programme, junior rep teams, women's rugby, Maori and Pacific rugby and the rugby development staff,” Parkinson said. “We see this as extremely important to the success and longevity of the game in Taranaki and we will continue to put great emphasis on this part of our business.”

Taranaki Rugby Football Union Chairman Lindsay Thomson said the 2017 surplus was very pleasing and it will allow the union to continue to invest in community rugby and to further grow the game in Taranaki.

The number of registered players increased for the fifth consecutive year, with an annual growth in the last 12 months of 6%. Women’s rugby continued to grow at unprecedented pace with number’s up 24%.

Thomson was extremely thankful to the union's loyal sponsors and commercial partners, community funders and local Councils for supporting Taranaki Rugby and extended his heartfelt thanks to our clubs, referees and those volunteers who continue to deliver rugby in this province.

The sad passing of Taranaki rugby great Peter Burke was acknowledged by the TRFU Chairman as well as the departures of Head Coach Colin Cooper and former CEO Michael Collins to the Chiefs. 

“The vacating of the TSB Stand at Yarrow Stadium had created some significant challenges for the TRFU however with the support of everyone we can overcome these and we will continue to deliver rugby in this wonderful province.  There will be no excuses,” Thomson said.

-ENDS-

For further information please contact:  Jeremy Parkinson, Chief Executive Officer on 021 898 550