London - England's governing Rugby Football Union announced on Friday it had
almost doubled its revenue for the last financial year after staging the
2015 World Cup even though their side suffered an embarrassing
The RFU saw its annual revenue increase to £407.1
million, up £199.2 million on the
same period in the previous year.
In the RFU's annual report and
accounts, the World Cup alone was shown to have generated £228.1 million
of revenue last year alone.
"This was a truly exceptional year," said RFU chief executive Ian Ritchie.
the huge disappointment of England's early exit from our home Rugby
World Cup, by running the widely acclaimed 'most successful Rugby World
Cup ever' we have delivered significant investment into rugby both at
home and globally.
"The legacy will continue to benefit our community clubs and the sport at every level."
in a separate development, businessman Andy Cosslett, who as chairperson
of England Rugby 2015 oversaw the running of last year's World Cup, was
elected as the new chairperson of the RFU following a meeting of the
governing body's council.
The 61-year-old succeeds Bill Beaumont
after England's 1980 Grand Slam-winning captain's recent appointment as
chairperson of World Rugby, the XV-a-side code's global ruling body.