Planet Rugby

Sharks post seven-figure loss

16th April 2014 11:10


Mark Cueto Sale Sharks 2014 edited 1

Veteran: Mark Cueto

Sale Sharks have joined the growing list of Aviva Premiership clubs posting a seven-figure loss for last season's running.

The Sharks announced pre-tax losses of £2.4 million for 2012-13, roughly twice what the club lost in 2011-12, with turnover dropping from £7.5 million in 2012 to £6.2 million in 2013.

Sale are good company too, with the likes of Saracens, London Wasps, Bath and Worcester Warriors all posting losses for last season - this is a broad spectrum of teams in terms of both resources and league position.

Sale, who occupy sixth place in the Premiership, have the financial backing of property mogul Bryan Kennedy, who has guaranteed funding for at least anothr year.

"The company continues to benefit from its financial support of its shareholders, without which we would be unable to prepare these accounts on a going concern basis," read a club statement.

The announcement has fueled the fire among domestic rivals who run a more sustainable ship, and feel aggrieved that clubs can continue to function while losing so much money.

"We run Sandy Park as a business, which means we run at a profit," said Exeter Chiefs chief executive Tony Rowe.

"If we can't run at a profit then we shouldn't be in business. It does feel a bit unfair that other people can buy players and run sporting businesses as a tax loss. But things come home and bite you on the bum at some stage."

  • Aviva Prem Fixtures
Forthcoming Fixtures
All times are local
Aviva Premiership
Friday , November 14
Northampton vs Exeter19:45
Gloucester vs Harlequins19:45
Saturday , November 15
Sale vs London Irish14:00
Bath vs Newcastle17:00
Sunday , November 16
Leicester vs Saracens13:00
Wasps vs London Welsh15:15
Friday , November 21
Harlequins vs Sale19:45
Newcastle vs Gloucester20:00
Saturday , November 22
Exeter vs Wasps15:00
London Irish vs Bath15:00
More Aviva Premiership fixtures
  • Aviva Prem Results
Recent Results
All times are local
Aviva Premiership
Sunday , October 12
Wasps 29 - 22 BathWasps vs Bath Report
Saturday , October 11
London Welsh 3 - 23 NewcastleLondon Welsh vs Newcastle Report
Saracens 28 - 21 GloucesterSaracens vs Gloucester Report
Exeter 44 - 24 London IrishExeter vs London Irish Report
Northampton 43 - 10 Sale SharksNorthampton vs Sale Sharks Report
Friday , October 10
Leicester 22 - 16 HarlequinsLeicester vs Harlequins Report
Sunday , October 5
Sale 25 - 14 WaspsSale vs Wasps Report
Newcastle 29 - 24 ExeterNewcastle vs Exeter Report
Saturday , October 4
Harlequins 52 - 0 London Welsh
London Irish 12 - 19 Northampton
More Aviva Premiership results
  • Aviva Prem Table
Aviva Premiership Table