Irish wary of Top 14 spending power
July 19, 2014
Ireland's impressive Six Nations helped their financial results © PA Photos
The Irish Rugby Football Union experienced a better financial year than predicted but remain wary of the increased spending in the Top 14.
At the IRFU's AGM on Friday evening, the governing body announced a €7.3m surplus and an overall deficit of €1m, a figure down from last year's of €4.5m. The promising financial year came largely as a result of Ireland's Six Nations triumph and having three of their four provinces qualifying for the knockout stages of the Heineken Cup.
Despite the promising financial results, the IRFU is increasingly wary of the increased spending from the clubs in the Top 14. And according to the Irish Times, the Union is looking into attracting private investors to help keep the coffers bumped up.
"The sort of money that is available in France, of course we've got to be concerned," IRFU chief executive Philip Browne said. "We've done pretty well with limited financial resources and limited playing resources over the years.
"We have to look at our business model, number one and maybe have to look at bringing in private money. Some of the provinces have been quite successful at generating private money."
© ESPN Sports Media Ltd
Communication error please reload the page.
Manchester United are waiting to discover the severity of Ander Herrera's back injury and hoping the midfielder does not join their long list of sidelined players
Maria Sharapova eased into the third round of the China Open with a 6-2 6-2 victory against Elina Svitolina on Tuesday
Andy Murray fought back from a set down against Jerzy Janowicz to move into the second round of the China Open, while Rafael Nadal also won on his return from injury
Arsenal manager Arsene Wenger has confirmed that striker Olivier Giroud has agreed a two-year extension to his current contract
Lewis Hamilton wants Mercedes' recent vow to prioritise reliability until the end of the season to ensure his championship battle with Nico Rosberg is decided on the track
The Newcastle manager is just the latest anti-hero in a cycle of hiring and firing that keeps the football public - and its reporters - enthralled, writes Simon Barnes
Fabrice Santoro appeared in 70 grand slam singles events - is that an overall record?
British legends of the ring return to the Pedro club in the heart of London's East End and Steve Bunce finds it is still giving fighters the right sort of grounding
With the deadline for World Cup ticket applications now over, Tom May outlines his hopes, gripes and wishes for next year's global gathering
ESPN's resident tennis expert and former British No.1 Chris Wilkinson says Andy Murray has proved the doubters wrong again and backs him to reach the World Tour Finals
Arsene Wenger says he doesn't understand Arsenal's latest injury crisis with both captain Mikel Arteta and Aaron Ramsey out of the upcoming games against Galatasaray and Chelsea
Luke Shaw was reportedly butted by West Ham's Diafra Sakho and left Old Trafford with a black eye following Manchester United's 2-1 win on Saturday
Colin Montgomerie and Nick Faldo have told Phil Mickelson that he should have showed more respect to USA Ryder Cup captain Tom Watson and kept his misgivings private
Louis van Gaal has backed Ryan Giggs to succeed him as the next Manchester United manager when his Old Trafford tenure eventually comes to an end
Southampton's on-loan left-back Ryan Bertrand says he feels let down by Chelsea and opened up the possibility of a permanent move to Ronald Koeman's side
It might just be "an exhibition", but Rory McIlroy has embraced the Ryder Cup a way Tiger Woods never could
He remains the most modest member of Europe's victorious Ryder Cup team, but Paul McGinley deserves all the plaudits for his masterplan
He is a man of few words, but Victor Dubuisson is letting his golf - and his playing partner - do the talking for him, writes Alex Perry
Who scored the most Test points in a calendar year?
The tale of the Jamaica bobsled team who triumphed against the odds at the 1988 Calgary Winter Olympics is embedded in pop culture more than 25 years on, writes Nick Atkin