Scarlets believe they are one of only two leading European teams to have made a profit in the financial year that ended on 30 June 2019.
Annual accounts say Scarlets posted a profit of £166,773 while directors wrote off £4,601,879 in loans.
In the previous year Scarlets made a loss of £643,035.
Chairman Nigel Short said Scarlets believe they are one of “only two [European] clubs to have reported a profit for the season”.
Scarlets’ turnover rose from £11,868,110 to £14,423,362 with £1,725,021 coming from the Welsh Rugby Union via a funding agreement involving the three other Welsh regions, Dragons, Cardiff Blues and Ospreys.
Short added of their financial performance: “It shows the value of having good operational and commercial management in place.
“We also owe a huge debt of gratitude to our funding directors, who have supported Scarlets over the years and during this financial year written off the remainder of their long-term loans and debt.”
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Article courtesy of BBC Sport
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