Bath Rugby has reported increased turnover and a 33% reduction in net loss for the 2015/16 financial year, as the club moves closer to its goal of becoming self-sustainable.
The results for the year ending 30th June 2016 show a 15% growth in turnover to £16.9m (2015: £14.6m), and a 33% reduction in net loss for the financial year to £1.2m (2015: £1.8m), despite significant investment primarily in the playing squad.
Financial performance will improve again in the year to 30th June 2017, supporting continued investment particularly in the rugby department.
Premier League side Tottenham Hotspur has revealed record revenues for the financial year up to 30th June 2016.
The results come off the back of the club’s best ever finish in the Premier League. The North London club saw revenues jump to £209.8m last season, up by 7% from the £196.4m in 2015.
The Club reached the round of 16 of the UEFA Europa League resulting in gate receipts and prize money of £18.7m and a jump in TV and media revenues to £94.8m helped the club secure the record revenues. The club’s pretax profit was also up to £33m from £9.4m the previous year.
Miller Insurance Services LLP has partnered with Sported, a charity and membership organisation supporting over 3,000 community sport clubs and youth groups across the UK.
Miller will provide interested Sported members with access to competitive and bespoke insurance policies, in addition to advice and recommendations from the team of sport insurance experts.
This service has been set up with the needs of Sported members in mind in order to make exploring coverage options as easy and hassle free as possible.
Seven sports have lost appeals against UK Sport over funding cuts for the Tokyo 2020 Olympic and Paralympic cycle.
The appeals were submitted by archery, badminton, goalball, fencing, table tennis, weightlifting and wheelchair rugby who will receive no funding.
SportsRISQ, the London-based company that provides structured finance products to the sports sector, has signed Premier League club Everton and English Championship side Fulham to its new platform, the RISQ Performance Dashboard.
The RISQ Performance Dashboard is a new business intelligence tool designed for football club executives. It enables users to track, analyse and control the increasing financial impact of performance by combining the club’s contractual, commercial and financial data with RISQ predictive analytics.
Sports and community groups are being invited by London 2017 organisers to experience the World Para Athletics Championships this summer after launching a new offer for group bookings.
In July, the London Stadium at the Queen Elizabeth Olympic Park will see some of the biggest names return to the track for the World Para Athletics Championships, from 14th to 23rd July.
Stars already confirmed include the likes of Jonnie Peacock, Hannah Cockroft, Kadeena Cox and Richard Whitehead - returning to the stadium where many of them won gold medals at London 2012.
The Jockey Club has unveiled a programme of investments, stating it intends to contribute more than £500m to British racing over the next ten years. As part of the plans, Kempton Park racecourse is set to be sold for housing to enable...
The Ski Club has announced it has acquired specialist mountain adventure company Mountain Tracks.
The two companies will continue to operate under their respective brand names. The Ski Club has run a holiday programme since the 1970s, featuring skiing weeks and weekends providing group holidays matching skiers of a similar ability.
Leeds United owner Massimo Cellino has confirmed he has sold 50% of his stake in the English Football League (EFL) to Andrea Radrizzani.
Radrizzani is co-founder of global sports media agency MP & Silva and purchased the stake through Aser Group Holding, through its acquisition vehicle Greenfield Investment.
Cellino will still maintain a 50% share despite an impending 18 month ban given by The Football Association (FA) in December, relating to a payment of £185,000 made to an unlicensed agent during the sale of striker Ross McCormack in 2014.
Premier League leaders Chelsea FC has reported a net loss of £70.6m for the 2015-16 financial year, despite posting record turnover, largely due to the decision to buy out the existing kit deal with adidas and the compensation paid to José Mourinho following his sacking last December.
Total sales of £329.1m represented a 5% rise on £314.3m the previous year, but an overall profit of £4.7m was swallowed up by the "exceptional costs".
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