LONDON (Reuters) - England's Rugby Football Union (RFU) saw its profit drop from 15 million to four million pounds ($5.07 million) last year as it dealt with the impact of three Premiership clubs going out of business due to financial struggles.
The RFU published its 2022/23 Annual Report on Friday, showing higher reported revenue of 221.4 million pounds (189.1m in prior year), increased investment in rugby at 99.4 million (77.4m in previous year) and an operating profit of four million (15 million in previous year).
