Bath record pre-tax loss but increased revenue
Bath Rugby have reported a pre-tax loss of £0.8m on annual revenue of £18.6m for the year ending 30th June 2017. Revenues have grown by 10% in the last year.
In 2015-16 season Bath Rugby Ltd returned a £1.1m loss after tax on revenues of £16.9m.
The reported loss after tax of £2.5m accounts for investment in the West Stand, which increased the capacity at the Rec to 14,500 for the 2016/17 season.
Chief executive Tarquin McDonald said: “The purpose of the club’s business performance is to support ongoing investment in our core rugby activities, and we remain committed to investing up to the salary cap.
“Whilst we have not delivered the performances or consistency that we and our supporters wish to see, we will continue to invest in our playing, coaching and performance structures as we work to address this.”