Leicester Tigers make losses of £1million
Leicester Tigers recorded an operating loss of just more than £1million in the past financial year.
The club's turnover fell £2.2m in the year to June 30, 2012.
Part of the blame for the falls were reduced attendances at Welford Road throughout the 2011 World Cup, the absence of an international friendly fixture and reduced income as there were no autumn internationals.
A large proportion of the fall in turnover was due to outsourcing of the club's merchandising activities – although this yielded an improved profit contribution.
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In a statement, Tigers admitted the figures were a "disappointing outcome".
The statement continued: "Sponsorship, season ticket sales and match ticket sales, as well as increased numbers of younger supporters on matchdays, provide optimism for the future.
"Season ticket numbers for the 2012/13 season are also at an all-time high."
The detailed results showed an exact operating loss of £1.037m and a fall in turnover from £19.5m, in 2011, to £17.3m to June 30, 2012.
Chairman Peter Tom was optimistic for the future and thanked all at the club "who worked so hard during a particularly difficult season."