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The west Walians have posted a loss over £2m for the third consecutive year in a row
The Scarlets recorded a loss of £2.1m during the 2024/25 season, according to their most recent financial accounts – marking the third consecutive year in which the west Walians had posted a loss over £2m.
The financial report covers the period ending June 2025, with the loss representing an improvement on the £2.6m deficit recorded the previous year. Turnover at the region fell from £11.3m to £10.2 – with gate receipts, sponsorship income and WRU funding all declining.
The club did reduce its outgoings by 10 per cent – with the wage bill dropping from £8.24 to £6.94m – while a new share issue provided a further boost of £940,000.
The club’s debt remains above £10m – with the bulk owed to the Welsh Rugby Union and Carmarthenshire County Council, who own Parc y Scarlets.
In their annual report, it describes the operating environment for professional rugby in Wales as “challenging” and “deeply uncertain” – with the WRU remaining committed to reducing the number of clubs from four to three in the coming years, even if there are still no updates on how they will achieve that.
That could place the Scarlets and rivals Ospreys in direct competition for a single licence in the west.
“The ongoing review of the professional game by the WRU has created an unsettling backdrop for our players, staff, supporters and commercial partners,” Scarlets chairman Simon Muderack wrote in in notes accompanying the accounts.
“The directors have engaged closely and constructively throughout this period to protect the long-term interests of the Scarlets.
“Against this backdrop, the Scarlets remain confident and resolute about our future. We firmly believe Parc y Scarlets to be the finest club rugby stadium in Wales, if not the UK.”
The Scarlets remain the only Welsh side not to sign up the new Professional Rugby Agreement. Cardiff and Dragons signed last year, while the Ospreys did so earlier this summer.
According to the Scarlets’ report, the club had anticipated finalising their commitment to the PRA by the end of June.
While that deadline has passed, in the report notes, the Scarlets say that they are “in the final stages of completing this agreement”.
They add that signing the PRA will help repay the £4.8m owed to the WRU.
“A significant development during the year has been our work with the WRU on a new Professional Rugby Agreement (PRA25),” the report stated. “PRA25 will relieve the regional clubs of a substantial portion of the Covid-related debt that has previously burdened the company and introduces a more sustainable funding model that provides greater long-term financial certainty.
“The directors regard the conclusion of this agreement as a pivotal step in placing the club on a stable financial footing in the near term.”
The report also revealed that the Scarlets remain indebted to Carmarthenshire County Council to the tune of £2.6m.
There is also no direct reference in the report to any legal proceedings arising between Scarlets and the WRU concerning the governing body’s takeover of Cardiff in April 2025, when the capital club entered administration.
The report also provides no details regarding US-based House of Luxury LLC (HOL), who were announced as potential investors in August 2025.
In April 2026, Scarlets issued a statement confirming they had secured “significant further investment” to ensure the “future stability of the club and wider region”.
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