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
Fri, 23 February 2018
Highlanders v Blues 06h35 Dunedin
Rebels v Reds 08h45 Melbourne
Munster v Glasgow Warriors 19h00 Irish Independent Park
Dragons v Edinburgh 19h30 Rodney Parade
Leinster v Kings 19h35 RDS
Scarlets v Ulster 19h35 Parc y Scarlets
France v Italy 20h00 Paris
Sat, 24 February 2018
Sunwolves v Brumbies 04h15 Tokyo
Crusaders v Chiefs 06h35 Christchurch
Waratahs v Stormers 08h45 Allianz Park
Treviso v Connacht 12h00 Stadio Monigo
Bath v Sale Sharks 12h30 Recreation Ground
Lions v Jaguares 13h05 Johannesburg
Exeter Chiefs v Northampton Saints 14h00 Sandy Park
Ireland v Wales 14h15 Aviva Stadium
Gloucester v Wasps 14h30 Kingsholm
Harlequins v Newcastle Falcons 15h00 Twickenham Stoop
Bulls v Hurricanes 15h15 Loftus Versfeld
Scotland v England 16h45 BT Murrayfield
Ospreys v Cheetahs 17h30 Liberty Stadium
Sun, 25 February 2018
Zebre v Cardiff Blues 13h00 Stadio Sergio Lanfranchi
London Irish v Worcester Warriors 13h00 Madejski Stadium
Saracens v Leicester Tigers 15h30 Allianz Park
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 0 0 0 0 0
Reds 0 0 0 0 0
Waratahs 0 0 0 0 0
Sunwolves 0 0 0 0 0
Rebels 0 0 0 0 0
Pool NZ
Team P W D L Pts
Crusaders 0 0 0 0 0
Hurricanes 0 0 0 0 0
Chiefs 0 0 0 0 0
Highlanders 0 0 0 0 0
Blues 0 0 0 0 0
Pool SA
Team P W D L Pts
Stormers 1 1 0 0 4
Lions 1 1 0 0 4
Sharks 1 0 0 1 1
Bulls 0 0 0 0 0
Jaguares 1 0 0 1 0