Munster ‘face massive challenge’ as financial deficit continues to grow

The parlous state of Munster Rugby’s finances continues.

Having shown a cash-flow deficit of €1.08 million for the year ending June 30, 2012, the financial accounts for the year ending June 30, 2013, are projected to show a deficit of €658,000 against a budgeted figure of €200,000.

Accepting that “the Branch faced a massive challenge”, financial controller Philip Quinn outlined the counteractive measures being taken at last night’s annual meeting of the Munster Branch held at Thomond RFC.