Losses double at Leicester Tigers

Leicester Tigers have seen losses widen and revenue flatline for the year to 30 June.

The club, which is currently up for sale, made a loss of £1.9m for the period, almost double the £1m loss is suffered in 2018. Revenue dropped slightly, from £20.4m last year to £20m this time around.

Tigers say the loss was driven by lower match-day attendances compared to the prior season following disappointing performances on the field. The club says it will counter this by making investment in the coaching and playing staff.

Peter Tom, CBE, executive chairman said: “Notwithstanding a disappointing 2018/19 season, the club is in strong financial health, with no net debt and the prospect of enhanced income as a result of CVC’s initiatives to grow the game.

“We have invested in new resources to address our performance on the field and look to the new season with optimism. Off the field we are implementing a number of new commercial initiatives, such as dynamic ticketing, together with a number of community programmes that will enable us to capitalise on our brand heritage.

“Premiership Rugby is at a pivotal stage in its commercial development. With the enhanced attention on the sport that the World Cup in Japan will generate – with many Tigers players on international duty – and an ever increasing global presence and fan base, we look to the future with confidence.”