SHEFFIELD Eagles has made a profit in 2010 after four years of losses, the club chairman Ian Swire has revealed.
It follows the club’s first season of playing the majority of its home games at Sheffield United’s stadium. The details of the turnaround will be reported to the shareholders at an AGM soon. The meeting will be the first for two years.
The accounts for 2009 – which showed a loss of nearly £29,913 – followed on a deficit of £38,696 the previous trading year. Details of the 2009 loss and that shareholders had not been sent the accounts were revealed for the first time in The Star earlier this month. Mr Swire said: “We showed a profit last season and the next AGM will cover both years – it will be at a time convenient to shareholders, if they wish to attend.
“The 2009 meeting was cancelled because it clashed with a league game moved to Sky. The previous AGM, nobody turned up.”
Mr Swire confirmed the Eagles plan to make a bid to gain a licence to play in the Super League from 2015. He said: “Playing at Bramall Lane gives us our best opportunity to achieve larger attendance figures which will increase the turnover of the business to levels required for Super League. Finances are stable and a small profit is likely to be declared for the year (ending September 2010) so the directors consider the club will be able to step up to a full time professional environment.”