Falcons Suffer £3.6m Loss In 2013-14

Newcastle Falcons have announced losses of £3.6m in the year ending June 2014. The recently released accounts for Newcastle Rugby Ltd show costs remain high and income modest despite the Falcons' return to the Aviva Premiership in 2013.  The club posted receipts of £6.13 million in the year (up from £5.85m the previous year). The report does not take into account business growth in the current 2014-15 season, which has seen attendances rise by 28 per cent to more than 6,500, nor the improved TV deal with BT Sport. Falcons’ staffing levels increased from 63 to 71 on the playing and coaching tea…