Ospreys post £1.8m annual loss but say PRA is imminent

Ospreys post £1.8m annual loss but say PRA is imminentImage source, Huw Evans Picture AgencyImage caption, Ospreys finished 12th in the 2024-25 United Rugby Championship in the period covered by their latest accountsByGareth GriffithsBBC Sport WalesPublished2 minutes agoCommentsOspreys have revealed they made a loss of £1.8m in their latest accounting period to June 2025, down from £2.18m in the previous 12 months.The region saw their turnover drop £600,000 to £9.18m, with their wage bill falling from £6.75m to £6.4m.Ospreys received £5.4m in funding from the Welsh Rugby Union (WRU) along with financial support from owners Y11 Sports & media.Signing off the accounts, director Nicolas Angio-Morneau said they are confident that Y11 will continue to provide financial support under the contract terms included within the legally binding funding obligations under the RPI Deed of Undertaking and Professional Rugby Agreement 2023 (PRA23) Framework.He added: "Currently the PRA23 terminates on 30 June 2027 and the company intends to sign the PRA25 imminently which runs to 30 June 2028."Ospreys and Scarlets yet to sign WRU dealPublished21 MayUnited Rugby Championship unveil 2026-27 fixturesPublished19 MayThe statement accompanying the accounts goes on: "The directors remain confident in the company's future development, supported by ongoing shareholder backing and continued funding arrangements with the Welsh Rugby Union. "The expected transition to the new Professional Rugby Agreement (PRA25) is anticipated to enhance financial stability through to at least June 2028 and beyond."In addition, the proposed redevelopment and relocation to St Helens in Swansea represents a significant strategic opportunity to strengthen the Company's long-term sustainability and growth prospects."There was no sign in the accounts of any major new loans. The current loans stand at £3.44m, the majority being the WRU post-covid loan over 19 years.Summer re...