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WRU faces £7.5m loss despite Principality Stadium successes

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THE WELSH RUGBY UNION has reported a £7.5m loss for the financial year ending June 2024, despite strong revenues from high-profile events at Cardiff’s Principality Stadium, including concerts by Taylor Swift and Bruce Springsteen.

The WRU’s turnover climbed to £102.7m, marking a second consecutive year of growth. This included a £4.7m boost from matches and stadium-hosted events. However, rising costs—driven by lingering Covid-19 impacts, inflation, and significant spending on the men’s Rugby World Cup and women’s rugby—pushed total expenses to £75.1m, up from £67m the previous year.

Revenue grows, challenges persist

Although Wales missed hosting autumn internationals in 2023 due to the Rugby World Cup, the summer calendar included friendlies, a match against the Barbarians, and live performances from global music stars such as Pink and the Foo Fighters. The Principality Stadium also marked its 25th anniversary in June with a series of celebrations.

Despite the increased turnover, the WRU recorded its second successive annual loss, following a £4.8m deficit in 2023. This reverses a positive £3m profit posted in 2022.

Off-field turmoil adds pressure

The union has faced criticism off the pitch, admitting to “serious failings” in managing contract negotiations with the women’s national team over the summer. On the pitch, the men’s team, coached by Warren Gatland, is enduring a record-breaking 12-game losing streak. In addition, women’s head coach Ioan Cunningham stepped down earlier this month.

Regional funding also saw a drop, falling from £35.5m to £28.7m, and the Dragons rugby team returned to private ownership in July 2023. Despite this, the WRU highlighted its investment of £60m into rugby across Wales, supporting development at all levels of the game.

Eyes on stability and sustainability

Chief executive Abi Tierney, who took over in January, presented the WRU’s annual report during a general meeting on Sunday in the Vale of Glamorgan. Tierney acknowledged the financial hurdles but reaffirmed the union’s focus on building a stable and sustainable future for Welsh rugby.

“This year’s annual report comes at a time of challenges but also great potential,” Tierney said. “Financial stability remains central to our strategy, ensuring we can reinvest in the game and support its growth across all levels.”

While the WRU faces a tough financial landscape, it remains committed to navigating these challenges and backing the sport’s development.

 

Sport

Joe Allen to leave Swansea coaching role after final game

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NARBERTH’S Joe Allen left his role on Swansea City’s coaching staff after Saturday’s final game of the season against Charlton Athletic.

The Pembrokeshire-born former Wales midfielder, 36, returned to the Swans’ backroom team in November alongside fellow club favourite Leon Britton to support head coach Vitor Matos.

The move was always expected to be short-term, with Allen stepping in after Matos was initially unable to bring in some of his staff from previous club Maritimo due to work permit issues.

Allen, who came through Swansea’s academy, retired as a player last May after his second spell with the club.

He first made his name at Swansea, helping the club win promotion to the Premier League in 2011 before moving to Liverpool. He later spent six years with Stoke City before returning to the Swans in 2022.

Allen also won 77 caps for Wales and was a key figure in the national side’s most successful modern era, including the run to the semi-finals of Euro 2016.

His departure from Swansea’s coaching set-up will come alongside that of head of goalkeeping Martyn Margetson, who is also leaving this summer.

For Pembrokeshire football fans, Allen remains one of the county’s most successful sporting exports, having gone from Narberth to the Premier League, Anfield, and the Wales midfield.

 

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Fresh Hamilton wage claims raise new questions for Haverfordwest County fans

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Scottish reports of late and short wages add a new and more immediate concern for Bluebirds supporters already watching problems elsewhere in the same football network

REPORTS in Scotland that Hamilton Academical players were paid late, with some allegedly underpaid ahead of the club’s final game of the season, have added to scrutiny around the football network linked to Haverfordwest County AFC chairman Rob Edwards.

The latest claims were reported by Lanarkshire Live Sport and the Daily Record.

The relevance for Pembrokeshire lies in the links between Hamilton and Haverfordwest through Rob Edwards and Morley Sports Management.

Hamilton has previously stated that Morley Sports Management owns 100 per cent of 1874 Holdings Limited, and that 1874 Holdings in turn owns 97.5 per cent of Hamilton Academical FC.

Haverfordwest County has previously said Morley Sports Management has been the business vehicle behind Edwards’ takeover and funding of the Bluebirds since 2020.

Earlier this month, Haverfordwest County A.F.C. Ltd faced an HM Revenue & Customs winding-up petition at the High Court in London. The case was dismissed on April 15, but only after reaching a live hearing at the Rolls Building, with costs ordered against the company.

Separately, 1874 Holdings has faced a winding-up petition in Scotland. Hamilton later issued a statement acknowledging that petition, while saying the claim is disputed and that the company is seeking dismissal.

The latest Scottish wage claims come against a background of previous disciplinary action involving Hamilton. Earlier this year, the club was punished over failures to pay players on time and in full, resulting in a points deduction following an independent disciplinary process. Hamilton acknowledged that outcome in a club statement.

Companies House has also shown 1874 Holdings with overdue accounts and a strike-off notice. Those are separate processes from a winding-up petition, but they add to the list of recent off-field issues involving companies in the same football network.

There are also operational links between the two clubs. Haverfordwest publicly credited chief executive Beccy Nuttall with key work during the club’s licensing process earlier this month, while Hamilton has also announced Rebecca Nuttall in a senior role there.

The timing of the Haverfordwest case also drew attention because the club announced on April 8 that it had secured both its UEFA licence and FAW Tier 1 licence for the 2026-27 season, even though the HMRC petition remained live at that stage and was not disposed of until April 15.

The Herald contacted the Football Association of Wales for comment on the licensing position last week, but had received no response at the time of publication.

The Hamilton wage claims remain reports from Scotland, and there is no suggestion that Haverfordwest County AFC is facing the same issue. However, the developments are likely to be of interest to Bluebirds supporters because they concern companies and senior figures linked to the same wider football operation.

 

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Sport

Young Crymych players step up to senior stage

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Five youth team players earn praise after impressing at championship level

CRYMYCH RUGBY CLUB has hailed the contribution of five of its youth players after they stepped up to feature in a senior side at championship level.

The young players, who remain part of the club’s youth setup, were given the opportunity to test themselves in a higher-level fixture, and impressed coaches and supporters alike with their attitude and commitment on the field.

Club representatives said it was “fantastic to see” the dedication shown by the youngsters, who rose to the occasion in what was described as a special experience for both the players and the club.

The match provided a valuable opportunity for development, allowing the next generation of Crymych players to gain experience in a more competitive environment while contributing to the senior squad.

The rugby club said the move reflects its long-term focus on nurturing homegrown talent and creating a clear pathway from youth rugby into the senior game.

Officials added that the future of the club looks bright, with the performance of the young “Teirw” – or Bulls – offering reassurance that the next generation is ready to carry the club forward.

The club congratulated the players on their achievement and said it hopes to see more youth players progressing through the ranks in the coming seasons.

 

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