Springboks

Wales-Springbok Test aided SARU

2015-04-02 09:43
Jurie Roux (Gallo)

Cape Town - The South African Rugby Union (SARU) received a significant financial boost after agreeing on the Wales-Springbok Test in Cardiff late last year, Netwerk24 reports.

According to SARU's annual report, the federation made a net income of R15.46m for away Springbok Tests in 2014.

The game against Wales in Cardiff fell out of World Rugby's Test window, which saw SARU receive a significant monetary boost for agreeing to play the game.

Critics lamented the fact that the Boks lost the game 12-6 and also paid a heavy price by losing captain Jean de Villiers to a serious knee injury.

But SARU CEO Jurie Roux sees things in a different light.

"Reflecting back, a lot of people say we should never have played that match because the Boks lost and the captain got injured. But you cannot argue like that," said Roux.

SARU reported a group profit before taxation of R6.6m for the year ended December 31, 2014, R5m ahead of budget and the fourth successive year of profit.

However, a deferred taxation charge of R4.7m resulted in after tax profit declined to R1.9m.

"The consistent theme over recent years has been the extreme financial pressure being felt in all corners of the game," Roux continued.

"Once again, we went on a cost-cutting exercise in mid-year which allowed us to report a small surplus in a very tough financial year.

"It was the fourth successive year of surplus for our organisation - the longest consecutive surplus period in the past 22 years."

Roux said that he expected economic conditions to remain unchanged in the short term but hoped that new broadcast and sponsorship agreements from 2016 would ease some of the pressures.

Read more on:    springboks  |  wales  |  saru  |  jurie roux  |  rugby
NEXT ON SPORT24X

Rona signs for Waratahs

2017-12-18 17:45

What To Read Next

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
14 comments
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Saturday, 09 June 2018
New Zealand v France, Auckland 09:35
Australia v Ireland, Brisbane 12:05
South Africa v England, Johannesburg 17:05
Saturday, 16 June 2018
New Zealand v France, Wellington 09:35
Australia v Ireland, Melbourne 12:05
South Africa v England, Bloemfontein 17:05
Saturday, 23 June 2018
New Zealand v France, Dunedin 09:35
Australia v Ireland, Sydney 12:05
South Africa v England, Cape Town 17:05
Saturday, 18 August 2018
South Africa v Argentina, Durban 00:00
Saturday, 25 August 2018
Argentina v South Africa, TBA 00:00
Saturday, 08 September 2018
Australia v South Africa, Brisbane 00:00
Vote

Springbok coach Allister Coetzee remains defiant, saying he won't resign despite a shambolic two years at the helm. Your thoughts?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.