MRSC AGM Update
20th October 2022 By The Editor
The Munster Rugby Supporters Club AGM took place last month at Musgrave Park with several operational updates shared with supporters.
Please see below a summary of the updates shared with Supporters Club members.
The player contracting process for the 2022/23 season has commenced with Craig Casey, Shane Daly, Mike Haley, Alex Kendellen and Josh Wycherley the initial player group to sign contract extensions last month.
In managing overall player budgets the pandemic proved challenging with the need to reduce squad personnel and release a number of players due to the ever-changing financial landscape.
The focus always remains on developing players through the Munster clubs and schools with almost 70% of the senior squad having progressed from the provincial pathway.
The commercial programme has seen continued growth with positive numbers for the 2022/23 season with MRSC renewals up 5% and Season Ticket sales up by 2%.
The ongoing support and commitment to the province was again recognised at the AGM with the MRSC acknowledged for their efforts, in particular for their support of the Munster v Toulouse game at the Aviva.
In addressing the financial challenge during the Covid period, a cost reduction programme was introduced and Munster Rugby was hugely grateful for the income received from the Government, IRFU and CVC during that time. Positive accounts for 2021/22 will reflect a surplus, however this is due to the receipt of exceptional income.
On returning to normal operations this season there is a huge focus on achieving a cash-flow break even position. The IRFU continues to be supportive on all fronts.
Investment in Thomond Park and Musgrave Park did continue over the last two years with both venues generating returns on successfully hosting large-scale concerts.
- Floodlights upgraded with minimal cost to Munster Rugby.
- New hybrid pitch installed ahead of the 2022/23 season.
- Floodlights upgraded at no cost to Munster Rugby.
- Solar panels to be installed in coming months upon the receipt of planning permission.
- Modified 3G pitch rentals contributing significantly in terms of income.
- As a facility Musgrave Park is a net contributor to the bottom line as opposed to an additional cost.
The Centre of Excellence plans are progressing with a planned project start for July 2023 in Cork.
Supporters Club Membership Packs continue to be distributed on match days and more details will follow for the upcoming games in Thomond Park.
Read our latest Operations Update from June here.