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.

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FIXTURE GMT VENUE
Sat, 27 May 2017
Sunwolves v Cheetahs 05h15 Tokyo
Highlanders v Waratahs 07h35 Dunedin
Rebels v Crusaders 09h45 Melbourne
Bulls v Hurricanes 13h05 Loftus Versfeld
Wasps v Exeter Chiefs 13h30 London
Sharks v Stormers 15h15 Kings Park
Munster v Scarlets 17h15 Dublin
Jaguares v Brumbies 21h40 Buenos Aires
Sun, 28 May 2017
Lions v Kings 12h30 Ellis Park Stadium
Wed, 31 May 2017
New Zealand U20 v Scotland U20 07h00 AIA Arena
England U20 v Samoa U20 07h00 Tbilisi
South Africa U20 v France U20 09h30 Tbilisi
Ireland U20 v Italy U20 09h30 AIA Arena
Argentina U20 v Georgia U20 12h00 Tbilisi
Australia U20 v Wales U20 14h30 Tbilisi
Fri, 02 June 2017
Blues v Reds 07h35 Auckland
RESULT SCORE
Fri, 26 May 2017
Reds v Force 26 | 40
Blues v Chiefs 16 | 16
Sun, 21 May 2017
Waratahs v Rebels 50 | 23
Sat, 20 May 2017
Kings v Brumbies 10 | 19
Munster v Ospreys 23 | 3
Wasps v Leicester Tigers 21 | 20
Lions v Bulls 51 | 14
Exeter Chiefs v Saracens 18 | 16
Sunwolves v Sharks 17 | 38
Force v Highlanders 6 | 55
Hurricanes v Cheetahs 61 | 7
Fri, 19 May 2017
Leinster v Scarlets 15 | 27
Stormers v Blues 30 | 22
Chiefs v Crusaders 24 | 31
Sat, 13 May 2017
Jaguares v Force 6 | 16
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 11 4 0 7 23
Waratahs 11 4 0 7 19
Force 12 4 0 8 17
Reds 12 3 0 9 16
Rebels 11 1 1 9 8
Pool NZ
Team P W D L Pts
Crusaders 12 12 0 0 54
Chiefs 12 9 1 2 45
Hurricanes 11 9 0 2 43
Highlanders 12 9 0 3 41
Blues 13 6 1 6 33
Pool SA1
Team P W D L Pts
Stormers 11 7 0 4 30
Bulls 11 3 0 8 15
Cheetahs 12 2 0 10 11
Sunwolves 11 1 0 10 7
Pool SA2
Team P W D L Pts
Lions 12 11 0 1 51
Sharks 12 8 1 3 38
Jaguares 11 5 0 6 24
Kings 11 4 0 7 19