Gloucester RFC

Gloucester record profit for fifth year in a row

have today announced that they have recorded an operating profit for the fifth straight year
In the period ending on June 30, 2015, the Cherry and Whites have made £286,026 on ordinary activities before taxation while reducing the club's long term debt by 18%.
It what was a season of transition for the club, with a new coaching team and an overhaul of the playing squad, Gloucester managed to win their first bit of silverware in four years lifting the in May.
Away from the field of play, the club increased turnover by 21.3% over the previous year.
The club also held two very successful concerts at Kingsholm in the summer, with over 26,000 people coming to see Madness and Elton John perform, the latter certainly the highest profile concert to be staged at the stadium.
CEO Stephen Vaughan said: “It was an eventful year, we made significant changes to the structure of the playing department and coaching set up as part of a long term plan to bring success to the club.
“Winning the European Rugby Challenge Cup and only losing one competitive game at Kingsholm in the calendar year are signs that we are moving in the right direction.
“However, finishing 9th in the was disappointing to all of us and we are determined that the club starts challenging for Rugby as a minimum going forward.
“From a business perspective, we have continued to work hard both on and off the pitch in a challenging economic backdrop.
“Success on the pitch is what drives us and is why we are here. So it is crucial that we backed that up and invested more than ever before to try to compete with the biggest spenders in the Aviva .
“This approach, our lack of Champions Cup Rugby and the most competitive market we have ever seen obviously challenges the self-sustainable model, so I am delighted that we have been able to remain profitable due to our performance in driving strong revenue growth.
“We were delighted to agree a new main partnership deal with long term partners Mitsubishi Motors and have engaged with an increasing number of valued partners and sponsors. Hospitality and Conferencing remains strong and our loyal Club Members remain the bedrock of the club.
“Our Academy led by Neil McCarthy is showing real signs of improvements in our age grade and A team performances and we will continue to focus on this area and our strong relationship with Hartpury College to produce as much young English talent as we can.
“Taking all this into account, I am delighted to report our fifth year of profit in a row and am confident that the club is in a strong position moving forward, both on and off the field.”
Chairman Ryan Walkinshaw added: “Once again, I'm delighted that we've been able to deliver another set of positive financial results.
“We continue to demonstrate that you can deliver a self-sustainable business and invest in a group of people that can ensure we compete at the highest level of , despite the ever-changing and challenging environment we are operating in.
“Our league position in the last few years is below where we expect to be so we're determined to finish higher up the league table than we have done over the past few years but lifting the European Rugby Challenge Cup was a fantastic achievement and a real reward for our loyal fans.”
 
Co-owner Martin St Quinton concluded: “We're committed to continuing our good work and with David Humphreys and his coaches and players, we have a high quality group of people at the club.
“It's a long term plan, but we're making real progress towards putting Gloucester Rugby back where we belong and giving our supporters a team to be proud of.”

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