Leicester Tigers has published its Annual Report and Accounts for the year ended 30 June 2019, reporting revenues of more than £20 million for a second successive year.
In the 12 months to June 30, the Club’s accounts show revenues of £20.0 million (2018: £20.4 million).
Welford Road again attracted the highest aggregate and average attendances in Premiership Rugby with more than 300,000 tickets sold for Tigers’ home fixtures during the 2018/19 season, despite a disappointing year in terms of results on the pitch.
The business recorded an operating loss before exceptional items, interest and taxation of £1.9 million, compared with a loss of £1.0 million during the previous year.
“The Club has very loyal support and continues to build strong bonds with sponsors and a range of commercial partners,” said Leicester Tigers chairman, Peter Tom CBE.
“That income is vital in ensuring the club has the funding available to fully support recruitment and retention of senior players, the team on the pitch and the management and the support staff as well as the successful academy structure.
“We continue to fund the playing squad up to the salary cap and to fully resource the support team behind the players, though of course last season was a tough one on the field.
“Following the investment by CVC Capital Partners in Premiership Rugby, we look forward to working together to allow the league to reach its full commercial potential nationally and in global markets.”
The Annual Report and Accounts have been sent to shareholders and are available online HERE.