Premiership side Bath Rugby "reduced losses by a third" in its latest financial results despite a "disappointing" performance on the pitch, according to Stephen Farrell of INSIDER MEDIA LIMITED. The club finished the '15-16 season in ninth place. The net loss for the financial year ending June 30, 2016, was down to £1.2M, from £1.8M in '14-15. This was achieved despite "significant investment, primarily in the playing squad." Turnover also increased to £16.9M from £14.6M the year before. The financial performance "is expected to show further improvement in the current financial year," supporting continued investment in the rugby department and the club's aim of "becoming self-sustainable over the medium term." Bath Rugby Managing Dir Tarquin McDonald said, "From a business perspective, in 2015-16 we were delighted to extend a number of key partnerships including Dyson. An improvement in corporate partnership and hospitality income was one of a number of factors delivering improved business performance in the year" (INSIDER MEDIA LIMITED, 4/3).
