Leicester Tigers have announced a six-figure operating loss over the last twelve months, while conversely reporting an increase in annual revenue.
The 2013 Premiership champions have confirmed a loss of £991,000, a £305,000 increase from the previous year's £686,000.
The Tigers have also reported an increase in turnover, up to £20.4million, up from £19.4million the previous twelve months.
Commenting on Leicester's latest financial findings, club chairman Peter Tom CBE said: “Professional sport is a competitive marketplace, especially at the elite level, the strength of the Tigers allows us to establish rewarding relationships with our commercial partners while also enjoying large support on matchdays.
“The club achieved record incomes in many areas during 2017/18, developing commercial relationships and welcoming more than quarter of a million fans to Premiership matchdays at Welford Road.
“We are very grateful to everyone associated with the club because each of them plays a part in the business. Our supporters give amazing commitment to the club and to the team home and away throughout the season.
“To compete at the highest level we continue to fund the squad up to the salary cap and spend heavily on support of the team in terms of staff, medical and other resources to reach the pitch with the best possible preparation.”