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YEAR IN REVIEW 2015 WORLD RUGBY 97The rugby budgetWorld Rugby invests money into the game via four-year developmental funding cycles, which run concurrently with the RWC playing cycle. Total investment in the game (excluding RWC competitions related expenditure) for the just-completed 2012-15 cycle was £192m, eclipsing the previous cycle’s £148m by 30 per cent. World Rugby Total Investment 2015 excluding RWC Competitions Costs (£m)TournamentsGame Investment ProgrammesOther Rugby OperationsSupport Operations22.512.311.46.2Strategic GoalInvestment AreasProtect1. Drive player welfare best practiceTraining and education2. Protect and promote rugby, its values, spirit and ethosDisciplinary, match officials, anti-doping and anti-corruptionGrow3. Increase global participationDevelopment and regional competitions4. Maximise the commercial values and increase the financial sustainability of international rugbyHigh Performance, 15s and sevens competitionsInspire5. Olympic participation is successful in every wayHigh Performance and sevens competitions6. Provide strong inspirational leadershipGovernance and administrationWorld Rugby Investment PrioritiesFINANCING THE GLOBAL GAME | FINANCIAL REPORTEXPENDITURE ON RUGBY 2015Investment prioritiesWorld Rugby is fully committed to a long-term investment strategy of growing the global rugby family in order to provide for the future of the game. This is the mission of the organisation and sits in line with our vision of a sport for all, true to its values of integrity, respect, solidarity, passion and discipline. As the governing body for rugby, our investment remit covers from regulation to Within this, the 2015 budget was £53m (see chart below).World Rugby’s annual investment is driven by management through annual priorities, operations plans and budgets, as derived from the Strategic Plan 2016-20 and sub-plans. Management recommends investment to the World Rugby Budget Advisory Committee, which reviews the budget and makes recommendations to the World Rugby Executive Board. Both bodies are comprised of World Rugby Council members. In making certain game investment decisions, World Rugby’s management works closely with the six regional associations and the World Rugby Regional Advisory Committee (comprised of the World Rugby Council representative of each regional association), which also reports to the World Rugby Executive Board.inspiration; within this range, our top priorities for investment are clearly aligned to the strategic goals from our strategic plan (see table above).Considering these priorities, our annual investment is therefore focused on two main areas: Rugby operations, which includes tournaments (quadrennial and annual); game investment programmes (high performance, development, training and education and regional competitions – see pages 98-99); and support costs specific to tournaments or game investments (such as staffing, disciplinary, match officials, anti-doping and anti-corruption).Support operations, which includes governance and administration costs, and overheads including staffing, communications, promotion, broadcast, IT, legal and finance.