St Helens have revealed that their financial position as a club continues to develop and strengthen.
A statement on the club’s official website reads:
“The club’s turnover increased from £5.3 million in 2013 to £7.1 million in 2014 and its underlying trading profit (before interest, taxation, depreciation, amortisation and exceptional items) reached break even for the first time since the commencement of Super League nearly twenty years ago.”
Saints chairman Eamonn McManus also stated that he expects the club’s situation to continue to improve over the next few years, after a couple of seasons in which he believes rugby league’s economic prospects have improved.
“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,” he said.
“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.”