William B Glynn has been elected as the 125th president of the Irish Rugby Football Union at the organisation’s annual council meeting at the Aviva Stadium.

Glynn, who has enjoyed a distinguished career as both a player and an administrator, has been a mainstay of Connacht rugby for many years.

In assuming the highest office in the Irish game, Glynn follows in the footsteps of fellow Galwegians members Henry Anderson (1945-46), Johnny Glynn (1958-59), Chris Crowley (1968-69), John Moore (1981-82), Bobby Deacy (1996-97) and Don Crowley (2002-03).

In addition to the election of the officers of the IRFU, the honorary treasurer Tom Grace presented the final accounts for the end of season 2011-12.

Grace reported that the IRFU made a surplus of €7.8m for the year 2011-12 ahead of its budgeted outcome.

This surplus arose from revenues of €67.2m and expenditure of €59.4m.

However, while reporting a surplus, Grace sounded a cautionary note to this and said: “While it is pleasing to be able to report a net surplus, it is important to note that some €12.4m of revenues and €7m of costs are non-cash items.

“This effectively means that the IRFU generated net cash of just €2.4m from its operations during the year which, whilst very welcome, is considerably less than the €7.8m surplus.”