Warrington Generate Small Loss In 2017

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4 September 2018

Warrington Sports Holdings Ltd which owns and operates Warrington Wolves has reported a small pre-tax loss of £67,684 last year on slightly reduced turnover of £7m.

The loss is minor compared to the £262,708 hit they took in 2016 season - the first time the club had recorded a financial deficit since 2011.

Turnover dropped slightly to £7m in 2017 from £7.2m the previous year.

Club chairman Stuart Middleton said: “The 2017 season was disappointing on the field, after missing out on the Super 8s and finishing ninth in Super League.

“Although turnover remained flat, it was pleasing to see losses had reduced significantly from the previous year due to better financial management and budgetary controls.

“The club continued to invest in modernising the business during this period - including stadium renovations, digital screens and enhanced training facilities.

“At the back end of 2017, the club made significant investment in the coaching structure, performance department and player recruitment which has resulted in a Challenge Cup final and finishing in the top four after the regular season in this current year to date.”

A strategic report submitted as part of the accounts highlights the club’s reliance on income from TV money, but points to a ‘significant investment’ during 2017.

Mr Middleton added: “The board of directors’ vision is to develop Warrington Wolves into the best rugby league club in Super League.

“The club has four long-term strategic aims that include the creation of a people-centric business that has a high-performing

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