Crusaders break even

Tue, 10 Dec 2013 07:56
Large crusadersjerseymatttodd

Crusaders Chairman Murray Ellis has announced that the Canterbury franchise achieved a break-even result for the 2013 financial year.

Crusaders Chairman Murray Ellis has announced that the Canterbury franchise achieved a break-even result for the 2013 financial year.  

He says the result, which was reported at the Annual General Meeting, is a satisfactory one for the partnership’s first year.

“There has been a lot of work behind the scenes in getting the new Crusaders Limited Partnership up and running.  All things considered, we are satisfied that we have achieved an essentially break-even in our first year with a negligible operating surplus of $296,” Ellis said.

Crusaders CEO Hamish Riach said the growth in sponsorship revenue was particularly pleasing.

“Sponsorship grew by 21 percent in 2013, which has been critical to our break-even result.  So we sincerely thank our commercial partners and sponsors, and the work done by our own staff in achieving this outstanding result.”

“It was disappointing that our other major revenue item, match attendance, was down by 9 percent. Revenue overall grew by 2.8 percent compared with the earnings of the former Crusaders Franchise Ltd in 2012, and costs were up 4.3% as we bedded in the new Partnership operation,” Riach said.

The Crusaders AGM was also advised that the independent appointments process has confirmed the reappointment of the existing directors to the Board of Crusaders (GP) Ltd (the company that manages the Limited Partnership for the partners).

Ellis said the Crusaders Limited Partnership is now looking forward to the 2014 season and remains optimistic and excited about the future.  

“This new partnership is already helping to achieve the financial stability and commercial opportunities that we hoped it would. We look forward to achieving even better results next year, both on and off the field.”

There are currently no matches being played
FIXTURE GMT VENUE
Sat, 13 February 2016
Treviso v Cardiff Blues 12h30 Stadio Comunale di Monigo
France v Ireland 14h25 Paris
Sale Sharks v Exeter Chiefs 14h30 AJ Bell Stadium
Gloucester v Harlequins 15h00 Kingsholm
Northampton Saints v London Irish 15h00 Franklin's Gardens
Worcester Warriors v Bath 15h00 Sixways
Wales v Scotland 16h50 Cardiff
Sun, 14 February 2016
Italy v England 14h00 Rome
Saracens v Wasps 16h00 Allianz Park
Munster v Ospreys 17h00 Irish Independent Park
Mon, 15 February 2016
NMMU-Madibaz v Maties 14h45 Port Elizabeth
CUT-Ixias v UCT-Ikeys 16h30 Bloemfontein
UKZN-Impi v Fort Hare 16h30 Pietermaritzburg
TUT v UWC 16h30 Pretoria
UP-Tuks v Shimlas 16h30 Pretoria
NWU-Pukke v UJ 17h00 Potchefstroom
Thu, 18 February 2016
TUT v UKZN-Impi 16h30 Pretoria
Fort Hare v Wits 16h30 East London
Fri, 19 February 2016
Zebre v Leinster 22h00 Stadio Sergio Lanfranchi
RESULT SCORE
Fri, 12 February 2016
Scarlets v Edinburgh 22 | 21
Newcastle Falcons v Leicester Tigers 26 | 14
Leinster v Zebre 52 | 0
Ulster v Glasgow Warriors 13 | 10
Thu, 11 February 2016
Dragons v Connacht 21 | 26
Mon, 08 February 2016
UCT-Ikeys v Shimlas 17 | 23
UJ v NMMU-Madibaz 19 | 12
Maties v CUT-Ixias 40 | 0
UWC v UKZN-Impi 13 | 24
Wits v TUT 53 | 0
UP-Tuks v NWU-Pukke 15 | 38
Sun, 07 February 2016
Ireland v Wales 16 | 16
Exeter Chiefs v Saracens 11 | 14
London Irish v Worcester Warriors 20 | 13
Sat, 06 February 2016
Scotland v England 9 | 15
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Waratahs 0 0 0 0 0
Brumbies 0 0 0 0 0
Rebels 0 0 0 0 0
Reds 0 0 0 0 0
Force 0 0 0 0 0
Pool NZ
Team P W D L Pts
Hurricanes 0 0 0 0 0
Highlanders 0 0 0 0 0
Chiefs 0 0 0 0 0
Crusaders 0 0 0 0 0
Blues 0 0 0 0 0
Pool SA1
Team P W D L Pts
Stormers 0 0 0 0 0
Bulls 0 0 0 0 0
Cheetahs 0 0 0 0 0
Sunwolves 0 0 0 0 0
Pool SA2
Team P W D L Pts
Lions 0 0 0 0 0
Sharks 0 0 0 0 0
Jaguares 0 0 0 0 0
Kings 0 0 0 0 0