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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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1 Comment
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Bob Salad II 2 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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JW 14 hours ago
The Fergus Burke test and rugby's free market

I can guarantee that none of the three would have got a chance with Ireland in the state they arrived from NZ.

Why would you think they would?

Two of them were at Leinster and were bench-warmers when they arrived

Sometimes you can be beyond stupid JW.

Haha look who's talking! Hello? Can you just read what you wrote about Leinster to yourself again please lol

It took prob four seasons to get James Lowe's defence up to the required standard to play international footy. If Jacob Stockdale had not experienced a big slump in form he might not have gotten the chance at all.

I'm really not sure why you're making this point. Do you think Ireland are a better team than the All Blacks, where those players would have been straight in? This is like ground hog day the movie with you. Can you not remember much of the discussions, having so many readers/commentors? Yup, 26/7/8 would have been the perfect age for them to have been capped by NZ as well.


Actually, they would obviously have been capped given an opportunity earlier (where they were ineligible to for Ireland).


TTT, who was behind JGP at the Hurricanes, got three AB caps after a couple of further seasons acting as a backup SR player, once JGP left of course. In case you didn't see yourself contradicting your own comments above, JGP was just another player who became first choice for Ireland while 2nd (or even 3rd/outside the 23 in recent cases) for Leinster. And fair enough, no one is suggesting JGP would have surpassed TJP in three or four years either. He would have been an All Black though, and unlike in your Leinster example, similar performances from him would have seen TJP move on earlier to make way for him. Not limited him like he was in Ireland. That's just the advantage of the way they can only afford so many. Hell, one hit wonders like Seta Tamanivalu and Malakai Fekitoa got rocketed into the jersey at the time.


So not just him. Aki and Lowe both would have had opportunities, as you must know has been pointed out by now. It's true that the adversity of having to move to Ireland added a nice bit of mongrel to their game though, along with their typical development.


Aki looked comfortable as the main 12 in his first two seasons, he was fortunate SBW went back to league for a season you could say, but as a similar specialist he ultimate had to give the spot back again on his return. There's certainly no doubt he would have returned and flourished with coachs like Rennie, Wayne Smith, and Andrew Strawbridge, even Tom Coventry. All fair for him to take up an immediate contract instead of wait a year of course though.


It's just whatever the point of your comments are meant to make, your idea that these players wouldn't have achieved high honors in NZ is simply very shortsighted and simplistic. I can only think you are making incorrect conclusions about this topic because of this mistake. As a fan, Aki was looking to be the Nonu replacement for me, but instead the country had the likes of Laumape trying to fill those boots with him available. Ditto with Lowe once Rieko moved to center.

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