Dragons In The Red

Newport Gwent Dragons have posted a pre-tax loss of over £350,000 in their latest set of accounts, despite a slight increase in turnover. Newport Rugby Football Club Ltd, which covers Newport RFC Ltd, Rodney Parade Ltd and Dragons Rugby Ltd, made a loss of £367,432 for the financial year ending 31 May 2014 compared to a small profit of £26,238 the previous year. The company’s turnover actually increased from £6.2m to £6.4m in the same period of time but its costs also increased. The number of employees rose by 13 to 239 and the company’s expenditure on wages and salaries went up by over five p…