The company behind Leeds Rhinos have reported a significant pre-tax loss in excess of £2million in their latest accounts. The Super League club's latest accounts, which cover the period year ending 31 October 21, show a pre-tax loss of £2.5million, with the report accompanying the accounts citing the continued impact of the Covid-19 pandemic.
That is up from £1.2million in 2020, ensuring the company - Leeds Cricket, Football and Athletic Company Ltd - have lost a significant seven-figure sum for the second consecutive year. Turnover was also down, with the company turning over £8.5million, down from £8.7million in the previous year's accounts.
Wages and salaries were reduced from £4.4million to £3.9, although the company did receive significantly less in grants from the Government's Covid-19 Job Retention Scheme. That figure dropped to £239,809, down from £897,414.
