4 In A Row For Gloucester Annual Profit

Gloucester Rugby has announced a 4th year of profit in a row in its latest set of accounts, the club confirmed on Tuesday, revealing a turnover of £12m, up 3.7% on the previous year.

The club also returned a pre-tax profit of £512k, up nearly 68% on the previous year. 

The strong set of results has been achieved whilst investing record levels in the coaching, playing and support staff, according to the club, as well as developing the rugby environment at the Hartpury Training Centre.

Kingsholm, set to host four games at Rugby World Cup 2015, has also seen investment in infrastructure to ensure the club is ready for the competition next year, with investment set to continue. 

CEO Stephen Vaughan said of the news: ‘It has, of course, been a challenging 12 months. There has been a significant amount of movement in playing department personnel and that naturally can cause unrest. However under David Humphreys’ guidance, I believe we are putting in the right foundations to deliver success in the long term.’

‘From a business perspective, the economy has shown signs of improving but we have had to continue to work hard to remain competitive on and off the field.’

‘These results have been achieved despite what was a tough season on the field of play. For the club to increase turnover and profit reflects the hard work of everyone at the club, and is also thanks to the continued magnificent support of our sponsors and supporters who have been first class in every respect.’  

‘We have a record number of quality sponsors, hospitality revenue was the highest it has been since the Mira Showers stand was built in 2007 and our loyal Club Members remain the bedrock of the club.’ 

‘With Rugby World Cup 2015 on the horizon, and Kingsholm hosting four matches, Rugby Union is on the verge of a very exciting time and we hope that Gloucester Rugby will continue to be at the very heart of it.’

Among other projects, the club launched a cashless payment system to parts of the stadium, on top of introducing an interest free direct debit option to spread the cost of Club Membership – with 30% of season ticket holders taking up the option. 

The club will develop this over the coming months to look to release the 2015/16 season ticket before Christmas 2014, offering the option to pay over a full 12 month period. 

Gloucester Rugby continues recently launched a lifestyle magazine ‘@holm’, giving fans unique content on all things behind the scenes happening at the club and will host a fixture between the USA and Tonga in November, with concerts and other games next year pre-world cup also planned.