Northampton Saints plc has today announced its results for the period ended 30th June 2019.
“As you will see from the Report and Accounts, we are reporting a loss for the third year in succession,” said Northampton Saints Chief Executive Mark Darbon.
“While it is important to recognise the Club is still operating in a very difficult financial environment – a challenge that faces all Premiership Clubs – we believe last season represented significant progress towards securing a sustainable financial future.
“The agreement with private equity firm CVC Capital Partners to purchase a minority shareholding in the league is a very positive development for the Club. Not only does the deal give Saints a healthy balance sheet, but also allows us to invest, selectively, in the infrastructure at Franklin’s Gardens.
“I am also happy to report that the Club continues to show positive financial growth and that revenue and profits are up against last year with most revenue streams growing year-on-year.
“On the field, our new Director of Rugby, Chris Boyd, made a significant impact from the moment he arrived last summer. A fourth-place finish in the Gallagher Premiership and triumph over Saracens in the Premiership Cup final represented an excellent start to his tenure.”
CLICK HERE to view the 2019 annual report.
Please note if you are a Saints shareholder your notice and invitation to the AGM, along with the annual report, will be sent by post today (Wednesday 16th October). If you have not received anything by Friday 25th October, please contact [email protected] to check the Club has your current contact details.
