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Strategic 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 administrationEXPENDITURE ON RUGBY 2016World Rugby Investment PrioritiesInvestment prioritiesWorld Rugby is committed to a long-term investment strategy of growing the global rugby family to provide for the future of the game. This is our mission, which complements 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 inspiration; within this range, our top priorities for investment are clearly aligned to our strategic plan goals (see table below).Considering these priorities, our annual investment is focused on two main areas:Rugby operations, including tournaments (quadrennial and annual) and game investment programmes (high performance, development, training and education and regional competitions – see pages 98-99); plus support costs specific to each (such as staffing, disciplinary, match officials, anti-doping and anti-corruption).Support operations, including governance and administration costs, plus overheads including staffing, communications, promotion, broadcast, IT, legal and finance.TournamentsGame Investment ProgrammesOther Rugby OperationsSupport Operations£64m World Rugby Total Investment 2016 excluding RWC Competitions CostsThe rugby budget World Rugby invests money into the game via four-year developmental funding cycles, running concurrently with the RWC playing cycle. Total investment (excluding RWC competitions related expenditure) for the 2012-15 cycle was £192m, eclipsing the previous cycle’s £148m by 30 per cent. Investment for the 2016-19 cycle is forecast at £266m within which the 2016 budget was £64m (see chart below).World Rugby’s annual investment is driven by management through annual priorities, operations plans and budgets, cascaded from World Rugby’s Strategic Plan 2016-20. Management recommends investment to the Budget Advisory Committee, which reviews the budget and makes recommendations to the Executive Committee. For certain game investment decisions, management works closely with the six regional associations and the Regional Advisory Committee (comprised of the World Rugby Council representative of each regional association) which also reports to the Executive Committee.6.621.212.823.0YEAR IN REVIEW 2016 WORLD RUGBY 97FINANCING THE GLOBAL GAME | FINANCING