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Scarlets insist they are 'pleased' despite increase in their annual financial debt

Latest accounts coming out of Scarlets have reported an increase in their year-on-year debt (Photo by Michael Steele/Getty Images)

Scarlets are claiming an increased financial loss is nothing to worry about after the Welsh region’s future was guaranteed last month for the 2019/20 season. 

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The 2017 PRO12 league winners had been in line for a potential merger with nearby rivals Ospreys until the Professional Rugby Board, who govern the regional game in Wales, agreed to continue with the current four-team structure for next season.

Scarlets’ financial issues were laid bare in accounts for the year ending June 2018, the club posting an increased loss of £643,035 that was up from the £603,817 loss recorded the previous year.

However, Scarlets chief operating officer Philip Morgan has told BBC Sport Wales that there is nothing for supporters to worry about. 

“We are pleased with the results, which are as planned,” he said. “We have invested heavily in the playing squad, have posted record attendances and record sponsorship, while hospitality has sold out for most of the season. We are very happy with where we are.”

According to a report from the chairman Nigel Short contained in the accounts, Scarlets increased their business revenue by 30 percent year on year, all of which was “reinvested into rugby”.

Scarlets, thoug, owe £2.6million to Carmarthenshire County Council, while Short and his fellow benefactors Huw Evans, Glan Wise, Philip Davies and Tim Griffiths wrote off more than £8m of debt for the region whose short-term future was safeguarded by the PRB March 20 announcement concerning next season. 

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A new Professional Rugby Agreement (PRA) was signed by all five parties, including the WRU, and had come into effect to govern the operational relationship of its signatories going forward.

Work on the PRA had began early – the old Rugby Services Agreement did not expire until June 2020 – but it led to a doubling in direct funding by the WRU from approximately £10m to approximately £20m per annum over the last two seasons, excluding competition income. 

This was in addition to the vital ongoing financial support locally from shareholders and benefactors.

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Hellhound 31 minutes ago
What has happened to Aphelele Fassi?

Willie will always be the most missed player for me once he retires. He wasn't interested in scoring tries. The ultimate team player. Has the most assists in tries in the Bok team, and his kicks always spot on, at least 95% of the time. He reads the game like no other player can. He wasn't flashy, and people didn't notice him because of that. Great rugby head and knowledge. He should be catapulted into an assistant coach in the rugby system. He should really consider coaching.


Damian Willemse is an excellent fullback and he is the number 1 fullback. He can play the entire backline positions, except maybe 9, but I'm sure he would be able too if he wanted. No one is taking that away from him, only stand in while he is injured. He is world class and you don't swap that out. He also got wicked dancing feet, great eye for openings, and reads a game like few can, like Willie Le Roux. Also very strong on his feet, with absolute great hands and his kicking game is just as good.


As for Aphelele Fassi. What a great find and he has exceptional talent that Rassie will mould into a world class player. Yet.... He is nowhere even close to Damien Willemse. He has a long way to go to get there, but he is surrounded by great team mates from who he will gain lots of advice and support. He can play wing and fullback and Rassie may just try him out as a flyhalf or centre too. He has the abilities to expand his game. He is for sure a future star, but not yet at the stage to take away Damien Willemse's spot. However, DW start and AF on the bench, that is an awesome replacement. Between the 2 they cover all positions in the backline once AF gets that training. The Boks could go 6/2 permanently if they wanted. 6 forwards, a scrumhalf and AF. I may be wrong, but Rassie will spread AF around.

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R
RedWarrior 1 hour ago
'They smelt it': Scott Robertson says Italy sensed All Blacks' vulnerability

I think Italy were always targetting this match and intended to win. They needed to exorcise the 2023 RWC. I think they could have done with a bit more help from other 6Ns particularly from Ireland to knock more holes in NZ and their confidence.

Mentioned before the Italy Argentina match was a virus that ripped through the Italy camp early that week. In general play Italy were competitive albeit with a high error count and crucial missed tackles.

Ive said it before the era of NZ turning up unprepared for all comers and triumphing is definitively over. If a Tier1 team target NZ and NZ do not prepare accordingly they are in with a major chance of losing. It used to occur the odd time in RWCs against France, now it can occur v any Tier1. The competition has improved. NZ can still be at the top but their talents must be deployed sufficiently into dismantling teams as with their attack then allowed to exploit.

They dismantled Ireland pretty well in Dublin which went largely unnoticed. That allowed them scoreboard advantage and attacking opportunities of which one was enough.

That Italian team beat Wales and significantly Scotland last year. They used the loss to NZ in the most positive way possible. No doubt NZ prepared but I would assume it was similar to versus Argentina: 3/4 arsed at best. These test matches are rare and this was another chance to practice dismantling a determined and prepared opponent which was lost. If Italy had scored a 7 pointer at 17-6....an Italian win was on.

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