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Bristol statement: £5.5million loss confirmed in 2023/24 report

Bristol boss Pat Lam (fourth from right) rallies his Bears at Exeter in October (Photo by Dan Mullan/Getty Images)

Title-hunting Bristol have confirmed a pre-tax loss of £5.5million in their latest annual financial report. Currently in second place in the Gallagher Premiership heading into Saturday’s round 10 trip to Saracens, Pat Lam’s Bears have made public its results for the 2023/24 year, a pre-tax loss that was an increase of £500,000 on the previous year.

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A statement accompanying the release of the 40-page report read: “Bristol Rugby Club Limited made a pre-tax loss of £5.5m for the 2023/24 financial year.

“The results for the year ending June 30, 2024, compare to a pre-tax loss of £5m for the 2022/23 financial year and reflect revenue challenges across the board, with less home competitive fixtures and reduced distribution income from Premiership Rugby Limited.

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      “The club undertook a number cost-cutting measures during the year in efforts to reduce its operating loss. A significant focus on homegrown academy players and operating efficiencies led to a £2.8m reduction in costs.”

      Bristol Sport Group CEO Gavin Marshall said: “Recording such a significant loss demonstrates that there is a lot of work left to do, although the club has taken a number of effective measures to reduce costs across the organisation.

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      “We continue to be extremely thankful to the Lansdown family for their ownership, particularly at a time of continued losses and economic uncertainty.”

      • Click here to read the entire 2023/24 Bristol Bears financial report

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      Comments

      1 Comment
      B
      Bob Salad II 92 days ago

      I'm sure I'm overlooking significant pieces of the picture, but Bristol probably have some of the highest gate receipts in the Prem. and one of the smallest squads, so reporting such a large loss is pretty alarming.

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      fl 40 minutes ago
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      “A succession of recent ex-players going straight back into the game as coaches in their early 40’s would prob be enough to kill it stone-dead. Innovation would die a death.”

      Would it? I do think one of the major differences between rugby and most other sports - which we’ve been overlooking - is the degree to which players are expected to lead team meetings & analysis sessions and the like. Someone like Owen Farrell has basically been an assistant coach already for ten years - and he’s been so under a variety of different head coaches with different expectations and playing styles.


      “The most interesting ppl I have met in the game have all coached well into their sixties and they value the time and opportunity they have had to reflect and therefore innovate in the game. That’s based on their ability to compare and contrast between multiple eras.”

      I don’t doubt that that’s true. But having interesting insights doesn’t necessarily mean you’ll be the best able to inspire a team, or the best at managing the backroom staff.


      “Wayne Smith winning the WWC in his mid sixties three years ago prob means nothing to you but it meant a lot to him. It took him back to the roots of is own coaching journey.”

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      JW 4 hours ago
      French bid to poach 109kg 17-year-old dual-code Aussie prospect Heinz Lemoto

      Yes that’s what WR needs to look at. Football had the same problem with european powerhouses getting all the latin talent then you’re gaurenteed to get the odd late bloomer (21/22 etc, all the best footballers can play for the country much younger to get locked) star changing his allegiance.


      They used youth rep selection for locking national elifibilty at one point etc. Then later only counted residency after the age of 18 (make clubs/nations like in this case wait even longer).


      That’s what I’m talking about, not changing allegiance in rugby (were it can only be captured by the senior side), where it is still the senior side. Oh yeah, good point about CJ, so in most cases we probably want kids to be able to switch allegiance, were say someone like Lemoto could rep Tonga (if he wasn’t so good) but still play for Australia’s seniors, while in someone like Kite’s (the last aussie kid to go to France) case he’ll be French qualified via 5 years residency at the age of 21, so France to lock him up before Aussie even get a chance to select him. But if we use footballs regulations, who I’m suggesting WR need to get their a into g replicating, he would only start his 5 years once he turns 18 or whatever, meaning 23 yo is as soon as anyone can switch, and when if they’re good enough teams like NZ and Aus can select them (France don’t give a f, they select anybody just to lock them).

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