Gloucester Rugby Reveal Profit for Third Successive Year

September 24, 2013

Gloucester Rugby has announced the Aviva Premiership team has recorded a financial profit for the third year in a row.

For the period leading up to 30th June, Gloucester had increased both profit and turnover year on year. The club filed its latest set of accounts this week, revealing a pre tax profit of £305,336 against a turnover of £11.6m.

This strong financial performance has been achieved despite significant investment in the playing side of the business.

Gloucester Rugby CEO Stephen Vaughan confirmed: “Our strategy has been around investing in the playing department environment to achieve success on the field of play.

“As a business, that has meant working extremely hard to ensure we have the income to offset the investments being made.

“I would like to think we are proving that our model works, although we are in a competitive environment with rival teams working to different financial models to ourselves.

“It’s fantastic the way that things are moving forward. Director of Rugby, Nigel Davies and his staff are doing a terrific job and are very focused on where they want to take the team.

“Our squad has an impressive look about it with four players in Stuart Lancaster’s Elite Playing Squad, a number of Saxons and Under 20 players and some real talent coming through the ranks from our Academy. We are committed to supporting the playing effort going forward.

In addition, the club have embarked on a number of projects to improve the supporter experience including introducing access control ticketing, upgrades to a number of areas of the stadium and are reviewing and rolling out enhanced food and drink options.

Chairman Ryan Walkinshaw echoed Vaughan’s comments: “Everyone connected with the club has worked terrifically hard over the past few years to help us get where we are today, a professional rugby club that is successful both on and off the field.

“We’ve shown that, with effective leadership and by utilizing good business practices, it is possible to compete at the highest level in English club rugby and still deliver an operating profit.

“This wouldn’t be possible without the hard work of everyone at the club, and also the terrific support we receive from our supporters and also our Partners and Sponsors.

“We’ve gone into this season with a number of new corporate partners on board, including a brand new main sponsor in ADEY Magnaclean, which is a really exciting partnership.”

“We also welcome a number of new partners to the club including Olbas, Stub Hub and Stowford Press. 

“It’s an ongoing challenge and we’ve still a lot of hard work ahead us to establish Gloucester Rugby as one of Europe’s elite clubs. But I’m confident we’ve got the right people on board to embrace that challenge and take us forward.”