Leicester Tigers have today announced the club's Report and Accounts for the year ending June 30, 2016.
Turnover of the club in this period was £19.0 million (£20.2 million in 2015) as the business recorded an operating loss of £424,000 (£479,000 profit in the previous year).
Ticket numbers and revenue (£5.9 million, from £5.8 million in 2015) were up on the previous year with more than 320,000 tickets sold for fixtures at Welford Road in the 2015/16 season, producing an average attendance in league and cup of almost 21,500.
The club had 14,775 season ticket holders, accounting for £3.7 million in revenue.
The latest phase of stadium redevelopment saw a new Clubhouse Stand competed during 2015/16, costing more than £8 million and providing 3,300 new seats, a lounge, office accommodation for club staff and facilities for the club store and ticket office. Facilities proved popular with the Clubhouse Lounge sold out for the 2016/17 before the end of the previous season.
Announcing the club’s annual accounts, Leicester Tigers chairman Peter Tom CBE said: “A Rugby World Cup year brings with it a number of challenges, none more so than in 2015/16 when this country hosted the tournament. This resulted in a noticeable effect on not only the format of the club season but also the revenue streams associated with it.
“Against this backdrop, it was encouraging to see an increase in match ticket sales and revenues, though there was a negative impact on other areas of the business.
“The club worked extremely hard in trying to attract new supporters, and the staging of a European Cup quarter-final at Welford Road for the first time since 2007 enabled us to record an increase in match ticket sales income.
“The loyalty of supporters remains central to the club’s business and Tigers are also proud of the mutually rewarding relationships we have with our corporate partners and sponsors.”
Since the eight-year relationship with main sponsors Caterpillar came to an end at the close of the 2015/16 season, the club has also welcomed a number of new relationships as well as existing partners who have upgraded their support, including Holland & Barrett who have now become main partners.
Turnover of the club in this period was £19.0 million (£20.2 million in 2015) as the business recorded an operating loss of £424,000 (£479,000 profit in the previous year).
Ticket numbers and revenue (£5.9 million, from £5.8 million in 2015) were up on the previous year with more than 320,000 tickets sold for fixtures at Welford Road in the 2015/16 season, producing an average attendance in league and cup of almost 21,500.
The club had 14,775 season ticket holders, accounting for £3.7 million in revenue.
The latest phase of stadium redevelopment saw a new Clubhouse Stand competed during 2015/16, costing more than £8 million and providing 3,300 new seats, a lounge, office accommodation for club staff and facilities for the club store and ticket office. Facilities proved popular with the Clubhouse Lounge sold out for the 2016/17 before the end of the previous season.
Announcing the club’s annual accounts, Leicester Tigers chairman Peter Tom CBE said: “A Rugby World Cup year brings with it a number of challenges, none more so than in 2015/16 when this country hosted the tournament. This resulted in a noticeable effect on not only the format of the club season but also the revenue streams associated with it.
“Against this backdrop, it was encouraging to see an increase in match ticket sales and revenues, though there was a negative impact on other areas of the business.
“The club worked extremely hard in trying to attract new supporters, and the staging of a European Cup quarter-final at Welford Road for the first time since 2007 enabled us to record an increase in match ticket sales income.
“The loyalty of supporters remains central to the club’s business and Tigers are also proud of the mutually rewarding relationships we have with our corporate partners and sponsors.”
Since the eight-year relationship with main sponsors Caterpillar came to an end at the close of the 2015/16 season, the club has also welcomed a number of new relationships as well as existing partners who have upgraded their support, including Holland & Barrett who have now become main partners.
