Sale latest club to post huge losses
April 16, 2014
Sale's Danny Cipriani was named March's player of the month © Getty Images
Sale Sharks are the latest Aviva Premiership club to announce seven-figure losses for last season.
Sale, who sit sixth in the Premiership, join Saracens, Bath, Wasps and Worcester in reporting deficits for last season. The Sharks posted pre-tax losses of £2.4 million for 2012-13, double what they lost in the previous year. Turnover at the club fell from £7.5 million in 2012 to £6.2 million.
Sale are supported by property tycoon Brian Kennedy, who has guaranteed funding for the club for at least another 12 months.
In a statement, Sale said: "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"
The losses have caused concern in the boardrooms at profit-making clubs, who claim they are disadvantaged by wealthy investors propping up their rivals.
Exeter Chiefs chief executive Tony Rowe summed up the feeling of profit-making clubs. "We run Sandy Park as a business, which means we run at a profit," he said. "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."
However, Sale's losses of £2.4 million pale into insignificance when compared with those racked up by the country's leading football clubs. Manchester City for example, lost £52 million in 2012-13, which represented an improvement on the previous year when they lost a staggering £98 million.
© ESPN Sports Media Ltd
Communication error please reload the page.
Chelsea goalkeeper Thibaut Courtois has revealed that team-mate Petr Cech has advised him on how to protect himself in the Premier League after he suffered a head injury in the 2-0 win over Arsenal earlier this month
Jose Mourinho is "hurt" by the way some "selfish" national federations "simply do not care" to liaise with Chelsea over player fitness and says Diego Costa is out of Tuesday's Champions League match with Maribor with a hamstring injury
Britain's Laura Trott defended her omnium title in a nail-biting finish at the European Track Championships
Carlo Ancelotti is "100% certain" Cristiano Ronaldo will not be leaving Real Madrid for Manchester United next summer, admitting that his side rely on the forward
Edinburgh's Grant Gilchrist will captain Scotland in the November Test series