Eagles lose £30,000 in season of success

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SHEFFIELD Eagles have reported a loss of just under £30,000 according to their latest available accounts.

The accounts, for 2009, were lodged at Companies House in June last year but have not been circulated to shareholders or a date set for the annual general meeting.

According to the accounts up to the year ended September 30 2009, the club’s turnover increased to £603,648 from £445,806.

Player wages and other staff costs made up the majority of the club’s spending at £439,838, an increase of £97,013.

The loss for 2009 was £29,913 (£38,696 loss in 2008).

Playing eight of their 10 Co-operative Championship games at Bramall Lane this season is seen as key to boosting the club’s profile in the city with the aim to apply for a Super League licence from 2015. To do that the Eagles need to achieve a minimum average home attendance of 2,500 – current gates are running at around 1,200.

In 2009 the Eagles finished third in the Championship, their best position since being promotion in 2006 .

Chairman Ian Swire, also company secretary, said: “Unfortunately, a successful team was not matched with increased gate receipts and the economy had an adverse effect on corporate sponsorships.

“Costs continue to be incurred over the grassroots development programmes and although initiatives instigated that should allow the programmes to be self-funding in the near future, income fell short of target.

“The directors are satisfied measures are in place to allow the company to trade profitably in the future,” he added.