Warrington announce MAJOR financial losses

COVID-19 has caused Warrington to lose a three-quarter-of-a-million pounds in the 2020 financial year.

Warrington chief executive Karl Fitzpatrick has issued an update to supporters on their club website, detailing that the Wolves had lost £750,000 as a result of the COVID-19 pandemic.

Players and staff accepted wage cuts whilst most of 2020 members chose to donate the value of matches missed back to the club instead of claiming a refund.

“Whilst we have still lost a significant amount of money, the losses have been mitigated by the incredible generosity displayed by supporters and partners,” Fitzpatrick said.

“The support of our 2020 legacy members donating their membership money has allowed us retain and build a competitive squad and avoid making large scale redundancies behind the scenes.

“This incredible response from our passionate fans was truly humbling.

“The sacrifice displayed by players, coaches and staff by the way of taking voluntary pay cuts also contributed greatly in mitigating the losses.

“We can’t thank them enough.”

Warrington’s past three home games have seen them able to welcome a small number of supporters back to the Halliwell Jones Stadium, but Fitzpatrick warned another financial loss next year is “inevitable.”

“Whilst we’re all hoping the end is in sight with the continuation of the vaccination programme, 2021 is still going to be a financially challenging year,” he said.

“Another financial loss this year will be inevitable.

“We are still heavily dependent on the support of our directors, and the aim has to be for us to be able to stand on our own two feet as a club.”

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