Waratahs Rugby reports profit

By AAP,

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    Waratahs Rugby have reported a net operating profit of $49,990 for 2011, their first full financial year of operation.

    In June 2010, the New South Wales Rugby Union established NSW Waratahs Ltd, an independent subsidiary, and granted it a licence to administer all aspects of professional rugby in NSW, including the Waratahs’ participation in the Super Rugby competition.

    The result is the state’s best in five years and comes off the back of a $201,939 loss for the six months to December 2010.

    Waratahs Rugby contributed $1,175,000 to the community game through licence fees and other grants to New South Wales Rugby Union.

    Revenue rose in the sponsorship, membership and corporate hospitality areas.

    “This financial result is an exceptional achievement for the whole of Waratahs Rugby and all of our stakeholders,” said NSWRU chief executive officer Jason Allen.

    “For the management team to turn around the business in such a short period of time is testament to the commitment and desire of everyone here to deliver a sustainable future for Rugby in NSW.”

    © AAP 2018

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    The Crowd Says (20)

    • May 1st 2012 @ 7:07am
      p.Tah said | May 1st 2012 @ 7:07am | ! Report

      Not a huge profit, but it’s better to be in the black. Given the year they had last year it’s remarkable they did have a profit. Imagine what’ll happen if they have a good year 😉
      Now who will be the first to ridicule the last sentence…

    • May 1st 2012 @ 7:23am
      mania said | May 1st 2012 @ 7:23am | ! Report

      pTah – “Now who will be the first to ridicule the last sentence…” i will

      Q Imagine what’ll happen if they have a good year
      A we’ll never know

      • May 1st 2012 @ 8:10am
        p.Tah said | May 1st 2012 @ 8:10am | ! Report

        You’re right. Let’s skip the good year … Bring on the great years!

    • May 1st 2012 @ 7:37am
      Shungmao said | May 1st 2012 @ 7:37am | ! Report

      Congrats NSW, 49k = a night out on the harbour, with a high class hooker, a 5 course meal and limo ride home.

      You guys must be stoked! Only 750k short if the cap gets approved at 4.8 mill

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      • May 1st 2012 @ 7:42am
        mania said | May 1st 2012 @ 7:42am | ! Report

        wow, thats one expensive hooker or limo ride

        • May 1st 2012 @ 8:06am
          p.Tah said | May 1st 2012 @ 8:06am | ! Report

          I think TPN is worth more than that.

        • May 1st 2012 @ 9:19am
          Happy Hooker said | May 1st 2012 @ 9:19am | ! Report

          Craig Thompson wouldn’t get out of bed for that.

    • May 1st 2012 @ 8:23am
      Red Kev said | May 1st 2012 @ 8:23am | ! Report

      Just imagine what the profit might have been if they didn’t waste all that money on Elsom.

    • Columnist

      May 1st 2012 @ 8:28am
      Brett McKay said | May 1st 2012 @ 8:28am | ! Report

      is the $49,990 driveaway, or it that ‘plus onroads’??

    • May 1st 2012 @ 9:39am
      BG said | May 1st 2012 @ 9:39am | ! Report

      I’m sure the gouging at the game on Sunday is going to help in the short term. I rocked up with my elderly father to grab a couple of the $20 general admission tickets for an afternoon of watching the game I love and was raised on. Only to be swindled into having to buy “Gold seating” ($44 each) because there was no longer any general seating available. Then finding myself sitting inline with the in goal area with loads of empty seats throughout the area behind the posts just to my right ( which I assume is the general admission area). The top deck was also virtually completely empty. I don’t know if this is a ploy to make the stadium look like it has more punters in it, but I will not be going back to anyTah games after being so blatantlyripped off. Not all rugby fans are born into priviledge and have parents that could afford to out source the raising of their children at boarding schools. To then be allowed into the old boy network.

      Myself and many others I grew up with that were passionate about the sport have finally come to realise that this is a game for the rich and priviledged.

      It shows throughout every level of the game. From the school boy level where the GPS boys are segregated from the plebs in the government schools and local saturday competitions through to the top heavy nature of how the ARU runs and funds the game.

      The ARU and Rugby in Australia has eroded the base for too long and is now going to pay the consequences.

      As a once true believer that the game of rugby is the greatest game of all that can be played and supported by people of all shapes and sizes, cultures and backgrounds.

      It breaks my heart

      So long and good luck

      Your going to need it!!!!!!

      • May 1st 2012 @ 11:58am
        p.Tah said | May 1st 2012 @ 11:58am | ! Report

        BG a map of the seatign arrange can be seen here (click on Venue Map).

        http://premier.ticketek.com.au/shows/show.aspx?sh=WARABULL12

        The General Admission seats may look empty but it doesn’t they weren’t sold out. People buy them and move to different sections.

        I’ve been caught in a similar situation like yourself, I now buy tickets in advance rather than game day.

        On Sunday my wife chose the option to have the ticket sent to her mobile phone. Cost more than printing it, but worked well.

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