Saints turn a coin
Northampton Saints plc, the parent company of Aviva Premiership Rugby club Northampton Saints, has announced a twelfth consecutive net profit for the year ended May 31st, 2012.
Northampton Saints plc declared a net profit of £689,418 from a turnover of just over £12.8 million. The club is unique in Aviva Premiership Rugby for its unparalleled record of profitability since the company became a plc in 2000.
Saints chief executive Allan Robson called the achievement “unprecedented” and “a unique record of which the directors are rightly proud”.
Robson identified a 97 percent home attendance to capacity ratio and income generated by the team’s continued successes on the field as important features of the club’s ongoing outstanding financial performance.
He also reported a 30 percent increase in turnover related to non-match day conference and events activities and that Northampton Saints were the second highest recipients of central revenue, over £3 million, income generated by meritocracy and by increasing the club’s Elite Player Squad and England Qualified Players commitments.
In his Chairman’s Statement, Leon Barwell commented: “It is absolutely essential that we continue to sustain a strong and profitable business model so that the club can compete at the highest levels and be independently viable.”
Barwell also referred to “sure progress” in the Saints’ ambitions to develop the new North Stand at Franklin’s Gardens and confirming not just the preferred option of enabling retail development that would be brought about by an ASDA food store on part of the land within the Franklin’s Gardens site, but that the process was also nearing a conclusion.
Barwell also acknowledged the support of Northampton Borough Council under the leadership of Cllr David Mackintosh and reaffirmed the Saints’ commitments to the town’s community.
“The Saints is a Northampton club and will remain in the heart of the town, both geographically and through its community activities,” he added. “These activities enable us to continue to develop the club in accordance with our founding principles and I am sure the Reverend Samuel Wathen Wigg would be proud of our efforts.
“I am very proud to be part of Northampton Saints. We have a very strong Board and executive team. Throughout our departments we are staffed by skilled and dedicated personnel and we enjoy the support of the best sponsors and fans in the game.”