Premiership side reports financial loss
NEWS: Bristol Rugby Club Limited made a pre-tax loss of £5.5m for the 2023/24 financial year.
The results for the year ending June 30th, 2024, compare to a pre-tax loss of £5m for the 2022/23 financial year and reflect revenue challenges across the board, with less home competitive fixtures and reduced distribution income from Premiership Rugby Limited.
The Club undertook a number cost-cutting measures during the year in efforts to reduce its operating loss.
A significant focus on homegrown academy players and operating efficiencies led to a £2.8m reduction in costs.
Bristol Sport Group CEO, Gavin Marshall, said: “Recording such a significant loss demonstrates that there is a lot of work left to do, although the club has taken a number of effective measures to reduce costs across the organisation.
“We continue to be extremely thankful to the Lansdown family for their ownership, particularly at a time of continued losses and economic uncertainty.”
Image credit @Bristolbears
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