Warrington Generate Small Loss In 2017

warrington wolves logo3
shadow bottom

4 September 2018

Warrington Sports Holdings Ltd which owns and operates Warrington Wolves has reported a small pre-tax loss of £67,684 last year on slightly reduced turnover of £7m.

The loss is minor compared to the £262,708 hit they took in 2016 season - the first time the club had recorded a financial deficit since 2011.

Turnover dropped slightly to £7m in 2017 from £7.2m the previous year.

Club chairman Stuart Middleton said: “The 2017 season was disappointing on the field, after missing out on the Super 8s and finishing ninth in Super League.

“Although turnover remained flat, it was pleasing to see losses had reduced significantly from the previous year due to better financial management and budgetary controls.

“The club continued to invest in modernising the business during this period - including stadium renovations, digital screens and enhanced training facilities.

“At the back end of 2017, the club made significant investment in the coaching structure, performance department and player recruitment which has resulted in a Challenge Cup final and finishing in the top four after the regular season in this current year to date.”

A strategic report submitted as part of the accounts highlights the club’s reliance on income from TV money, but points to a ‘significant investment’ during 2017.

Mr Middleton added: “The board of directors’ vision is to develop Warrington Wolves into the best rugby league club in Super League.

“The club has four long-term strategic aims that include the creation of a people-centric business that has a high-performing

To read the full article you need to be registered.

Please Register for FREE or Login.

 
There is no charge for registration. Registration applications will be limited to those involved in the business of rugby. Please see terms and conditions sections below for more information.

Share

Follow Us

LinkedIn Twitter RSS Feed

Regular Features

Youth & Community Rugby Coach, Street League, Dagenham, London

Street League work with young people, progressing them into employment, education and training by engaging them through football, fitness, dance fitness and rugby. We specialise in helping our participants (16-24 years’ olds from disadvantaged areas) progress from our unique sport/fitness and education programmes into sustainable employment, education and training.

More jobs on people and jobs section.
Employers and candidates can register on www.rugby-jobs.com.