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.
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Chairman Peter Tom was optimistic for the future
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."
Comments
by LLLeicester
Friday, October 19 2012, 6:32PM
“Firstly the new merchandise is absolutely rubbish - even the staff in the Tigers' store admit it. The stadium seatpads are a quarter of the thickness of the old ones, the tiger hats poor quality and won't stay on your head. Bring back the Cotton Traders deal. Add to that the poor jobsworth attitude of some of the stadium staff on matchdays and it's no wonder they're making less money - maybe we season ticket holders are reconsidering our expenditure....”
by nigel1972
Friday, October 19 2012, 3:24PM
“How does one of the biggest Rugby teams in the world only turn over 17million?? Seems a bit low to me.. Surely gate receipts would be more than this over the year? add sponsorship, tv revenue, prize money etc etc... seems like someone is massaging figures...”
by wigono
Friday, October 19 2012, 2:58PM
“I don't believe a word of it,They are trying to be as misleading as ever, they did not make a loss...In reality they were £1million short of their expectations = that is not a loss, craftily worded, If it was a £1million loss there wouldn't be a team left”