Cost control, or lack of it. The symptom of a mgt team shaped by events, not shaping them and controlling them. Ultimately, when a business has costs out of control, like this, you don’t cut the core product you cut the periphery and noncore. It really shouldn’t be this hard.
🚨 Breaking: Welsh Rugby Union financial report for year ending June 2026 shows annual loss of £18million. Gavin Marshall: 'This has been a challenging financial year. Whilst we have grown revenue, our costs have increased faster & our financial performance has declined.' 🏴💸