loss of 13 million euros for the FFR over the 2023-2024 season

loss of 13 million euros for the FFR over the

The French Rugby Federation (FFR) posted a loss of 13 million euros for its financial year shifted from the 2023-2024 season, weighed down in particular by losses linked to the organization of the 2023 World Cup, according to a press release published on Saturday. The accounts presented at the general meeting confirm “ the extremely tense economic situation », recognizes the FFR. The operating deficit amounts to 29 million euros for the season, compared to 15.4 million last season. The federation notably recorded a loss of 16.3 million euros due to the deficit linked to the grouping of economic interest (EIG) of the organization of the 2023 Rugby World Cup, of which it is a 55% shareholder. Three million euros had already been provisioned in the accounts for the previous financial year. The federation can still count on the windfall linked to the sale of part of the company which organizes the Six Nations Tournament to the CVC investment fund, which allows it to reduce the loss to 13 million euros over the season. . The proceeds from this sale had allowed it to be in the green during the two previous seasons despite operating losses (net profit of 3.7 million euros in 2022-2023 and 6.6 million euros in 2021-2022), but it “will cease at the end of the 2025/2026 season”, recalls the federation.

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