Rhinos' accounts for 2024 confirm reduced pre-tax loss of £1.8 million

Leeds Rhinos made a reduced pretax loss of £1.8m in the year to October 31, 2024 as turnover rose and commercial revenue hit a record high.

- by Peter Smith

Leeds Cricket Football and Athletic Company accounts reveal the 2024 loss before tax fell from £2,312,732 the previous year to £1,868,435, while business turnover was up 2.4 per cent to £11.9m and commercial revenue reached a record £5.2m.

The company's strategic report confirms Rhinos continue to spend the full salary cap alongside an expanded academy and women's operation" meant expenditure on rugby rose from £4.8m to £5.2m.

Though central funding was reduced by 22 per cent to £340,000, the 15-year stadium naming rights deal with AMT Vehicles boosted commercial income. Hospitality revenue was up by 16 per cent and installation of solar panels on the stadium's South Stand roof helped reduce overall costs by 36 per cent.