The Welsh Rugby Union (WRU) has announced a record turnover of £64.2m in the last financial year.This record turnover allowed for the WRU Group to allocate £22.6m into the game at all levels in Wales.
During the year the WRU Group invested £3.2m on capital projects at the
Millennium Stadium, including the procurement of the new Desso pitch and
Terraplas cover. The Desso pitch has already shown a significant
performance improvement compared to the previous palletised system,
whilst the Terraplas cover ensures the Stadium can continue to host
non-pitch events and ensuring it remains a truly multipurpose venue.
The WRU Group's loan facilities with Barclays Bank plc were refinanced during the year. As part of the overall commercial arrangements of this deal the £10m Tranche C loan, that was only repayable under certain circumstances, was released in exchange for one share in Millennium Stadium plc. This resulted in an exceptional £10.0m gain which is a non-cash transaction
The WRU Group's loan facilities with Barclays Bank plc were refinanced during the year. As part of the overall commercial arrangements of this deal the £10m Tranche C loan, that was only repayable under certain circumstances, was released in exchange for one share in Millennium Stadium plc. This resulted in an exceptional £10.0m gain which is a non-cash transaction
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