Ulster Rugby reveal financial loss of £900k+ after 'challenging' 2022/23 season

Ulster Rugby CEO describes relocated Champions Cup clash as ‘an incredibly unfortunate situation that had a huge impact on our finances’.

ULSTER RUGBY RECORDED a loss of more than £900,000 in the 2022/23 season, with CEO Jonny Petrie highlighting the “huge impact” of their relocated Heineken Champions Cup match against La Rochelle.

“The challenges of financing within rugby have been well publicised given the travails of a number of clubs over in England this past year,” Petrie wrote in his report. Advertisement Petrie explained that “this difficult financial climate was further exacerbated by the loss of revenues from the La Rochelle game – an incredibly unfortunate situation that had a huge impact on our finances.”

Dan Sheridan / INPHO Ulster's Champions Cup clash with La Rochelle in December 2022 was relocated to the Aviva Stadium. Dan Sheridan / INPHO / INPHO“We are tackling this head on through our executive team and through our committees and working in conjunction with the IRFU on reviewing and reforming the funding model for the sport on the island – a big piece of work that will see us get to a more certain and sustainable future.

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