The Rugby Football Union has posted record revenues of £207.9m for the financial year 2014-15 despite a disappointing performance in the Rugby World Cup from England.
The RFU is in rude health for the financial year ending June 2015 with the latest report not including an expected profit in the region of £50m to £70m for the recent World Cup.
"Revenues exceeded £200m for the first time thanks to the effect of the high number of Twickenham matches on ticket, broadcasting, hospitality and other match-day revenues, non-match day conference and event revenues, renewed long-term sponsorship deals and the recognition of Rugby World Cup Revenues to match costs incurred," the RFU said in a statement.
"Rugby investment increased 2% over the previous year to £76.8m, with investment in professional rugby broadly flat with 2013-14 but rugby development investment up by 5% (£1.5m) due to increased spending on game development and growth initiatives."
The RFU chief executive Ian Ritchie added: "This was a busy and financially successful year with a retained profit of £7.7m after making a record level of investment directly into clubs and in operating the English game at all levels."