Gloucester Rugby Announces Profit

Gloucester Rugby has announced that the club has recorded a financial profit for the third year in succession, as the club filed its latest set of accounts this week to reveal a pre tax profit of £305,336 against a turnover of £11.6m for the period leading up to 30th June. 

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

Gloucester Rugby CEO Stephen Vaughan explained: ‘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 added: ‘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.’