Gloucester Rugby heads into its most lucrative weekend of 2019
By Andrew Merrell | 7th June 2019
Fans slept out at the gates of Gloucester Rugby's Kingsholm stadium last night in anticipation of one of the club's most financially valuable weekends of the year.
Financial results for the club releases in April this year spelt out just how important hosting pop concerts at Kingsholm are, with no gig over the 12 months partly to blame for a £2 million loss.
This weekend is a chance for Gloucester to make up some valuable coinage with the arrival tonight of one Olly Murs and then on Sunday with the legendary music producer and man behind veteran disco pop band Chic, Nile Rodgers.
Fans of the Essex singer, Murs, eager to hear him deliver tunes including 'Dance with Me Tonight' Troublemaker, Heart Skips a Beat, Dear Darlin and Wrapped Up, slept out at the gates of the stadium last night - unable to stay away.
"I think it's the first time I've ever been down to that part of the country, so I'm really excited to see the area and see what it's like and the scenery," said Mr Murs, ahead of his trip to Gloucester.
For the year ended June 30, 2017 (2016/17), Gloucester rugby made a loss for the second year in a row - a pre-tax loss of £1,197,771, a deficit of over half a million pounds more than the 2016 figure of £692,227.
However, it was the club's most successful commercial year, due in no small part to concerts by Little Mix tickets and Tom Jones.
Turnover increased by 6.7 per cent from £15.3 million to £16.3 million, making it a record year.
Investment also reached a new high, following the increase in the salary cap to £6.5m.
April's accounts showed a loss of more than £2million for the 2017/18 financial year.
One-off costs associated with infrastructure projects at the club's Kingsholm Stadium led to an increase spend while income fell due to fewer home games and the loss of concert revenue.
Outgoing chief executive, Stephen Vaughan, who revealed his departure from Gloucester this week, said on 2017/18 said one of the big hits on revenue was the lack of concerts.
Decisions taken to invest in the pitch and infrastructure of the club making it impossible accommodate any such events.
Read more: Gloucester Rugby report £2million loss
Read more: Interview: Olly Murs is coming to Gloucester
A giant shed has appeared by The Shed at Kingsholm and we are nearly ready! Who is getting excited to see @ollyofficial tomorrow? We can't wait! For useful information check out the following link https://t.co/ka5h19sXX0 pic.twitter.com/1x5xmv2wMz— Gloucester Rugby (@gloucesterrugby) June 6, 2019
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