Directors at Newcastle Falcons have told how they are working on “a more self sustaining model” following a year in which it fell to a loss of £2.5m.
Newcastle Rugby Limited – which include figures for both the Gallagher Premiership team Newcastle Falcons and Newcastle Thunder rugby league club – has filed accounts for the year ended June 30 2022 which shows turnover rose from £8.9m to £12.2m, but the previous year’s profit of £3.6m fell to a loss of £2.5m as it tackled the aftermath of the pandemic. The previous year’s operating profit of £161,728 was converted to a loss of £1.9m.
The company – which employed 297 people in the year, up from 254 in 2021 – secured a big jump in marketing and ticket income, which rose from £1.3m, while its conference, banqueting and bars takings also increased, from £138,914 to £1.37m.
