Ulster Rugby: New Ulster CEO Hugh McCaughey reveals multi-million pound deficit

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Ulster Rugby: New Ulster CEO Hugh McCaughey reveals multi-million pound deficit
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Ulster Rugby is facing a deficit of between £2.5m and £3m, according to new CEO Hugh McCaughey.

Ulster Rugby is facing a deficit of between £2.5m and £3m, according to new chief executive Hugh McCaughey.The former health trust chief executive explained that a plan is in place to deal with the province's financial issues.

"It's built around the strategy which we want for rugby - we're confident we can generate the income, we have the support of our sponsors, the support of our fans and it's built in on that. It gives us our budget for our professional team that we're confident with and gives us that stability."McCaughey added that there are already shoots of recovery as Ulster seek to balance the books.

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