Leicester Tigers have revealed record turnovers of £18.5m. Tigers recorded a profit of £284,000 for the period ending 30 June 2010, compared to a loss of £989,000 in 2009.

And the increased turnover of £1.4m was partly down to the first phase of the redevelopment of Welford Road which saw the capacity increased to 24,000, and partly due to increased sales of Wales Rugby Hospitality Tickets.

That saw record crowds averaging more than 21,500 last season.

Executive chairman Peter Tom said: “We are delighted with our performance on and off the field, reflecting the continuing hard work and total commitment for which this club is well renowned.

“I would like to thank all our people for the part they have played in returning the club to profit and keeping the Tigers at the top of its game.

“We look forward to the next stage in the redevelopment of Welford Road and the rising attendances which we’re sure will follow. We have a very bright future ahead of us.”