Premiership Rugby Side Leicester Announces Operating Profit Of More Than $638,000
Premiership rugby side Leicester has announced an operating profit of just under £400,000 ($638,600) "over a 12-month period to June this year." It "follows an operating loss" of £1M in '11-12, while Tigers' latest turnover figure stands at £19M ($31M), an increase of £1.7M from '12 (BELFAST TELEGRAPH, 9/18). LEICESTERSHIRE MERCURY reported season ticket sales exceeded expectations, reaching an "all-time high" of more than 14,700 in a Welford Road stadium that holds 24,000 people. There "is a good feeling on the club's board that Tigers -- who won their 10th title last May -- will be able to maintain that pattern in the years to come." A statement said, "The board has continued confidence in the ability to maintain growth in the future despite testing times in world markets" (LEICESTERSHIRE MERCURY, 9/18).