Troon<\/a>.\n<\/p>\n\n The R&A made a profit after tax of \u00a35.2m in 2024, down from \u00a38.5m previously, which included an upward adjustment of \u00a31.1m on the fair value of its \u00a3163.8m investment portfolio. This is held in two sub-funds of listed and unlisted investments spread globally.\n<\/p>\n
\n DotGolf\u00a0\u2013 which provides\u00a0management systems and website solutions for golf clubs\u00a0\u2013 generated \u00a32.75m in revenues last year. The R&A acquired a 50% stake in DotGolf from Golf New Zealand in 2023.\n<\/p>\n
\n Read more:\n<\/p>\n
\n \u201cWe have a long-term vision for how golf can thrive in the future and a large part of that is based on embracing technological solutions,” the R&A spokesman said.\n<\/p>\n
\n “We believe DotGolf has huge potential to deliver cutting-edge platforms and solutions to the industry and have already seen national golf federations in Scotland, England, Ireland, Wales, New Zealand, Australia and the Philippines adopt it, [and] we are seeing increasing interest from other territories which shows its potential for future growth.\u201d\n<\/p>\n
\n The R&A is continuing to work with its USGA counterparts in the United States to refine the World Handicap System (WHS), which was implemented in 2020. The WHS underwent its first scheduled revision last year with the next one planned for 2028.\n<\/p>\n
\n Work continues to progress on the R&A’s new headquarters in St Andrews, which is due to open in the middle of next year. The new four-storey facility will bring together staff currently working across five offices.\n<\/p>\n
\n Read more:\n<\/p>\n
\n \u201cIt is an exciting development for the future of the organisation and we are creating an environment that will reflect the role, work and heritage of the R&A and provide a collaborative space for employees and visitors to enjoy,” the spokesman said.\n<\/p>\n
\n “It signals our commitment to the town of St Andrews and will place a focus on wellbeing and sustainability as well as being highly enabled by technology.”\n<\/p>\n
\n The R&A employed an average of 289\u00a0 people last year, up from 265 in 2023. Its total wage bill was \u00a314.9m, up from \u00a313m in 2023, with an unspecified number of “key management personnel” receiving total compensation of \u00a32.4m.\n<\/p>\n
\n The R&A’s executive team has been led since November 2024\u00a0by Mark Darbon, former chief executive of Premiership Rugby club Northampton Saints.<\/p>\n","protected":false},"excerpt":{"rendered":"The accounts state that “having taken account of the relative immaturity” of the overall operation, directors “have changed…\n","protected":false},"author":2,"featured_media":106944,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[443],"tags":[49,48,622,82],"class_list":{"0":"post-106943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-golf","8":"tag-ca","9":"tag-canada","10":"tag-golf","11":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/106943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=106943"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/106943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/106944"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=106943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=106943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=106943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}