The company that runs the Newcastle Falcons rugby team has returned to profit despite seeing revenues fall as games were played without fans during the pandemic.
Newcastle Rugby - which also operates the Thunder rugby league team - has released accounts for the year ending June 27 2021, which show revenues falling to £8.9m, having stood at £11.1m a year earlier. The company’s operating profit came in at £162,000, having been a £140,000 loss in the previous period.
In the accounts, Falcons’ owner Semore Kurdi highlights how the period was “one of the most challenging” in the Falcons’ history, with the club having to rely on Government grants and investment income as most of its games were played behind closed doors.
