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RFU Reports £228m Revenue, Scraps LTIP After Governance Backlash

Heavy reinvestment produced a small loss, with cash rising to £71m and executive pay falling from LTIP-boosted levels.

Overview

  • Total income reached £228m in 2024/25, the union’s highest outside the 2015/16 World Cup year.
  • The RFU posted an underlying profit of £8m but recorded a net loss of £1.9m after £94m was invested across the game, including more than £31m for the community sector.
  • Cash improved to £71m with no bank debt reported, marking a sharp recovery from last year’s £37.9m loss.
  • The contentious long-term incentive plan has been halted with no immediate replacement planned, and CEO Bill Sweeney’s pay fell to about £702k–£704k after executives declined a 3% rise.
  • Seven England men’s home matches at Twickenham underpinned revenue as the RFU advances stadium commercial plans, including the Allianz naming-rights deal and a proposed £600m redevelopment.