Saints post record financial showing

Saints broken even for the first time in the Super League era
Saints broken even for the first time in the Super League era
  • Saints’ turnover grew to £7.1m in 2014
  • Chairman says club is in strongest financial position ever
  • 2014 is first year club has broken even during the Super League era

Saints broke even for the first time in the Super League era last year, the club has revealed.

The Super League champions’ outstanding performances on the field were matched by a stellar showing on its balance sheet.

We are expecting further revenue, profit and balance sheet improvements in 2015 and in the years ahead

Club chairman Eamonn McManus

The club increased its turnover from £5.30m in 2013 to 7.1m last year and believes the massive capital investment it made in Langtree Park is paying dividends.

Club chairman Eamonn McManus hailed the development saying the club was now in the strongest financial position in its history.

He added: “The major capital investment which the Club committed to its new stadium, which it owns outright and free of bank or other third party debt, combined with the commensurate improvement in the professional management of the club is now beginning to produce the anticipated returns.

“This position is likely to strengthen year on year going forward.

“The club has never in its history been better positioned commercially and financially for its long term future than it is today.

“We are expecting further revenue, profit and balance sheet improvements in 2015 and in the years ahead. The long term strategic commercial plan and the significant capital investment programme which the Club adopted during the previous decade has produced a very strong and stable foundation for continued future commercial and sporting success.

“Super League and rugby league generally have experienced major commercial and financial improvements in the last two years. St Helens can now confidently expect to be at the forefront of the impressively strengthening business sector of professional club rugby league in this country and worldwide.”

However, despite underlying trading profit showing the club broke even last year once interest, taxation and other exceptional items are taken into account, the club registered a small loss in 2014.