Bath Report £3.1m Loss For Last Season

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3 April 2019

Bath Rugby has reported a year of revenue growth and increased investment in its 2018 financial statements. But, the club reported a loss after tax of £3.1m (compared to £2.5m in 2017). The club explained that this figure included significant depreciation charge which will reduce in future seasons and their EBITDA trading loss was £1.3m (£500k greater than £0.8m in 2017).

Bath saw a 7% rise in year on year revenue to £19.8m driven by an increase in central income relating to the new four year domestic broadcast deal with BT Sport which runs through to the 2020/21 season, together with increased corporate and ticketing revenues.

Continued commitment to invest in the long term manifested itself in a 90% increase in academy expenditure in 2017/18, as part of an overall strategy to develop a first team squad of at least 50% home grown players by 2023. In addition, the executive team was strengthened to help drive management focus on the Stadium for Bath project alongside the core activities.

Bath continued to make significant progress towards the submission of a planning application for a new 18,000 capacity stadium at The Rec. It is noted that the club’s current facilities, comprising temporary stands and ancillary facilities, cost in the region of £1 million per annum to operate.

Chief executive Tarquin McDonald commented:

“Our stated ambition remains to be challenging for honours at both the domestic and European levels and these results reflect the continued long-term investments being

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