Miscellaneous

Wage hike see Quins declare £4.8m loss

by
The Rugby Paper Team
4 February 2018

By NEALE HARVE
SPIRALLING wage costs contributed to Harlequins declaring ‘unsustainably high’ operating losses of £4.8m for season 2016-17.
Quins, who rely on Guernsey-based principal shareholders Mosaic Ltd to survive, reported group losses of £6.6m during a year in which turnover at the Stoop rose six per cent to £20.7m but wages incraesed from £11.5m to £12.6m – up ten per cent. The combined costs of the senior and academy squads amounted to £8.5m – the maximum permissible under Premiership Rugby’s salary cap framework.
Ha...

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