Reds looking good financially

Sat, 18 Feb 2017 06:38
Large reds head coach nick stiles 800

NEWS: The Queensland Rugby Union Ltd (QRU) will report positive earnings before interest and depreciation of AUS$174 329 in 2016.

The organisation's bottom line loss for the 2016 financial year was AUS$789 380, an improvement of AUS$1 391 950 on 2015's loss of AUS$2 181 330.
In addition to the improved result, the QRU absorbed over AUS$1 million in one-off and restructuring costs as part of a streamlining of operations, which has continued in the first quarter of 2017.
QRU Chairman Damien Frawley said: "At a Board level, we have continued to implement an urgent and proactive approach to the financial challenges faced by the organisation. The organisational changes and restructuring undertaken in 2016 will enable the organisation to emerge from a period of financial hardship, and create a sustainable platform for growth.
"Notably, the QRU achieved 100 percent completion of its ARU-funded initiatives in 2016 – primarily focusing on Community Rugby - and will continue to do so in 2017. The QRU invests approximately $5m into Rugby in Queensland – arguably the largest investment among Australian Rugby franchises – and delivers around 38 percent of Australia’s Super Rugby talent.
"In 2016 there were exciting participation gains in Queensland, especially within the women's game where girls and young women are engaging in Rugby following the success of the Australian women’s sevens team at the Olympic games - 50 percent of that squad emerged from Queensland.
"The significant age-group successes within the QRU pathway system in 2016 were partly offset by a disappointing season for the Queensland Reds.
"However, we are confident that the appointment of Nick Stiles and his coaching team late last year and several outstanding Reds recruits will result in a significant improvement for the Reds in the 2017 Super Rugby season," he added.

There are currently no matches being played
Fri, 24 March 2017
Crusaders v Force 06h35 Christchurch
Rebels v Waratahs 08h45 Melbourne
Glasgow Warriors v Connacht 17h15 Scotstoun Stadium
Scarlets v Edinburgh 19h05 Parc y Scarlets
Treviso v Ospreys 19h35 Stadio Monigo
Dragons v Ulster 19h35 Rodney Parade
Sat, 25 March 2017
Blues v Bulls 06h35 Eden Park
Brumbies v Highlanders 08h45 Canberra
Sunwolves v Stormers 10h55 Singapore
Kings v Lions 13h05 Nelson Mandela Bay Stadium
Zebre v Munster 14h00 Stadio Sergio Lanfranchi
Harlequins v Newcastle Falcons 15h00 Twickenham Stoop
Saracens v Bath 15h00 Allianz Park
Leinster v Cardiff Blues 15h00 RDS Arena
Northampton Saints v Leicester Tigers 15h00 Franklin's Gardens
Exeter Chiefs v Sale Sharks 15h00 Sandy Park
Cheetahs v Sharks 15h15 Bloemfontein
Treviso v Ospreys 19h35 Stadio Monigo
Jaguares v Reds 21h40 Buenos Aires
Sun, 26 March 2017
Wasps v Worcester Warriors 14h30 Ricoh Arena
Bristol v Gloucester 15h00 Ashton Gate
Mon, 27 March 2017
NWU-Pukke v UP-Tuks 14h45 Potchefstroom
Fort Hare v UKZN-Impi 16h30 Davidson Stadium
Wits v UCT-Ikeys 16h30 Johannesburg
NMMU-Madibaz v CUT-Ixias 16h30 Bloemfontein
UWC v WSU 16h30 Cape Town
Maties v UJ 17h00 Stellenbosch
Pool AU
Team P W D L Pts
Brumbies 4 2 0 2 10
Reds 4 1 0 3 6
Force 3 1 0 2 5
Waratahs 4 1 0 3 4
Rebels 3 0 0 3 0
Pool NZ
Team P W D L Pts
Chiefs 4 4 0 0 19
Crusaders 4 4 0 0 16
Hurricanes 4 3 0 1 15
Blues 4 1 0 3 6
Highlanders 4 1 0 3 5
Pool SA1
Team P W D L Pts
Stormers 3 3 0 0 13
Cheetahs 4 2 0 2 9
Bulls 3 1 0 2 5
Sunwolves 4 0 0 4 1
Pool SA2
Team P W D L Pts
Jaguares 4 3 0 1 14
Lions 4 3 0 1 14
Sharks 4 3 0 1 13
Kings 4 1 0 3 5