By Marcus Leach
Aviva Premiership rugby side London Irish have reported a £1.6m loss in their annual trading results for the year ending 30 June 2011.
However, it is not all bad news, as the figure was down from the previous year, where the club recorded a deficit of £2.09 million.
Figures released by the club show that turnover increased by 9.2% to £8.24 million, while administration decreased 2.4% to £7.86m and cash outflows from operating activities reduced by 67.2% to £813k.
"The results are pleasing when set in the context of the economic climate," said Exiles chief Andy Martin.
"We have been working extremely hard to improve our commercial operations and create a sustainable platform for the future of London Irish.
"The 2010-11 trading results show the significant progress we have made towards this objective.
"Like all rugby clubs, ticket sales remain our primary source of revenue and attendances have undoubtedly been affected by the mounting pressure on disposable incomes.
"We expect this pressure to persist into 2012 and will continue to evaluate our ticket packages to ensure the Madejski Stadium remains accessible to all our supporters."
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