Leeds Rhino's Post Profit Despite 2016 Setbacks

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9 August 2017

Leeds Cricket, Football and Athletic Company Limited, the owners of Leeds Rhinos, have published their annual accounts for the 2016 season, with the club making a £371,381 profit (€410k) despite a challenging year on and off the pitch.

2015 had been a record-breaking year for the Rhinos on the back of the team’s treble success making a £1.5m profit (€1.66m) from £13.7m turnover (€15.5m) creating a tough position to replicate in the following twelve months.

The combination of losing influential players to retirement, long- term injuries to many players and the loss of use of the training ground and facilities for a long period due to flooding proved sizeable hurdles to overcome. The facility, which was fully insured, was re-opened in July 2016 after undergoing extensive works. It was the sixth consecutive season the club has made a profit and the 13th time in 15 years.

Operationally, turnover in 2016 fell by 13.47% in the main due to the absence of significant prize money and the level of retail sales enjoyed in the previous successful year. Gate receipts were behind on budget with Super League gate receipts down by 4%. Corporate sales enjoyed another good year however and the World Club Challenge generated a ‘one off’ source of income similar to the international friendly against New Zealand the previous year. The other revenue streams were generally on budget and the overheads were maintained at budgeted levels.

Chief executive Gary Hetherington commented, “It is a

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