Club Chairman Eamonn McManus statedThe improve

first_imgClub Chairman, Eamonn McManus, stated;“The improvement in the team’s results and in its brand of rugby league has naturally led to financial improvements in all areas. Gate, sponsorship and merchandising revenues in particular have each materially increased. This will result in a major improvement in our financial results in 2018 and in a return to profitability.“2017 was a challenging year for the Club in many respects, including its financial performance. The underperformance of the team in the first half of the season resulted in a material drop in revenues. Additional costs were also assumed due to one off changes in the senior coaching staff and in the additional recruitment of players in order to improve rugby performances. These together contributed to an EBITDA loss of £690,000 in 2017.“However, these investments in 2017 are already paying dividends in 2018 and beyond and a much stronger financial performance is eventuating.“The Club also has one of the strongest balance sheets in world club rugby of either code.”last_img read more