IRB Increases Investment Despite £10m Rise In Annual Losses

The IRB has revealed that it will have invested an annual sum of in excess of £50 million in the sport come the end of 2014, despite making a loss of £45 million in the financial year ending 31 December 2013. All such losses are expected by the IRB in non-Rugby World Cup years but the 2013 figure is £10m higher than the £35m loss sustained in 2012. Nevertheless, the global governing body has still been able to increase its annual level of investment from £47m to £50m in 2014. The IRB is now forecasting that it will have invested a total of more than £193m (revised from the estimate of £184m ar…