Waratahs Rugby reports profit
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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.”
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May 1st 2012 @ 7:07am
p.Tah said | May 1st 2012 @ 7:07am | Report comment
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 comment
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 comment
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 comment
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 comment
wow, thats one expensive hooker or limo ride
May 1st 2012 @ 8:06am
p.Tah said | May 1st 2012 @ 8:06am | Report comment
I think TPN is worth more than that.
May 1st 2012 @ 9:19am
Happy Hooker said | May 1st 2012 @ 9:19am | Report comment
Craig Thompson wouldn’t get out of bed for that.
May 1st 2012 @ 8:23am
Red Kev said | May 1st 2012 @ 8:23am | Report comment
Just imagine what the profit might have been if they didn’t waste all that money on Elsom.
May 1st 2012 @ 8:28am
Brett McKay said | May 1st 2012 @ 8:28am | Report comment
is the $49,990 driveaway, or it that ‘plus onroads’??
May 1st 2012 @ 9:39am
BG said | May 1st 2012 @ 9:39am | Report comment
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 comment
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.
May 1st 2012 @ 10:42am
levelheaded said | May 1st 2012 @ 10:42am | Report comment
GUys, read this properly, they made a profit greater than $1.2m then disbursed the funds back into the game. But, of course the negative sentiments swings tha day! BG – the top area you are discussing is reserved for the SFS members, not Rugby members. we should know our facts before pointing our fingers!
May 1st 2012 @ 11:15am
Manoa said | May 1st 2012 @ 11:15am | Report comment
BG, grow up and stop whinging. I’m sick of people just continually trotting out rubbish to have a crack at the waratahs. If you have a problem, rather than whinging and throwing your hands up in the air, how about you write a letter to the waratahs about the issues you faced and try and get some feedback that may improve not only your spectator experience but others that may have experienced similar issues, and stop playing the private school thing as if to try and portray yourself as some type of salt of the earth person, I couldn’t care less about your or anybodies financial or educational background.
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May 1st 2012 @ 12:08pm
BG said | May 1st 2012 @ 12:08pm | Report comment
People pay membership for nose bleed seats do they?
May 1st 2012 @ 2:44pm
levelheaded said | May 1st 2012 @ 2:44pm | Report comment
BG – they do! Understand the fundamentals of your debate, and as Manoa states write a letter to the Waratahs or the Stadium management and then peacefully go away! It was a great day on Sunday and wonderful for the game!