A A
RSS

Gloucester record profit for fifth consecutive year

Gloucester Rugby has recorded an operating profit for the fifth season running, although that margin fell during their European Challenge Cup-winning campaign.

Turnover for the period until Jun. 30, 2015 rose by 21.3 percent from £12 million in 2013-14 as the Cherry and Whites claimed their first piece of silverware for four years with victory over Edinburgh at The Stoop last May.

New commercial and sponsorship partnerships helped swell the coffers — and reduce debt by 18 percent — as did two summer concerts at Kingsholm.

However, profit was down from £512,000 to £286,026 following a season that saw massive upheaval in the playing squad and coaching staff, while the club also purchased land adjacent to their home ground.

“It was an eventful year, we made significant changes to the structure of the playing department and coaching set up as part of a long term plan to bring success to the club,” CEO Stephen Vaughan said.

Leave a Reply

Writers & Interns Wanted

Contributors

  • Rugby news from Scrum.com Visit Scrum.com for up-to-the-minute rugby news, breaking rugby news, live rugby commentary, minute-by-minute commentary, rugby video, rugby audio and features.

Links