Sale Sharks Make £800k Loss On Improved Income In 2016-17

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16 April 2018

Manchester Sale Rugby Ltd, the company that runs Premiership side, Sale Sharks has reported a pre-tax loss of £818,000 for the year ending July 31st 2017, the first full year results after the acquisition of the club by Corpacq from Brian Kennedy in June 2016.

The company’s income was up 11.4% from the previous year at £8.3m.

In season 2016-17 the cost of wages and salaries grew at a greater rate than the increase in revenue.

The company is wholly owned by Sharks Holdings Ltd whose registered shareholders are Corpacq Finance Ltd (51%), Steven Diamond (24%), Gerard Mason (20%) and Mark Cueto (5%).

Sharks Holdings runs accounts to the end of December each year.

See also...

Kennedy Sells Sharks To CorpAcq

 

 

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