Gloucester set to announce slight losses

GLOUCESTER Rugby, the only Guinness Premiership club to make a profit in 2007-08, is set to announce a loss for last season.<br /><br />The erection of the club&rsquo;s new main stand increased capacity at Kingsholm by a third two years ago &ndash; a move which helped the club make a profit of around &pound;650,000.<br /><br />But managing director Ken Nottage explained: &ldquo;We are technically still in a recession and the areas that were hit most were attendances and the corporate market.<br /><br />&ldquo;At best the year to May 31 will be a break even position, but it&rsquo;s more likely to be a small loss.&rdquo;