Hull KR Reached Their First Ever Grand Final. Their Accounts Show Why It Still Cost Them.

In the 2024 Super League season covered by these accounts, Hull KR finished runners-up on 42 points, just two behind champions Wigan, and reached their first ever Grand Final after edging Warrington 10–8 in a tense semi-final. They fell 9–2 to Wigan in the showpiece itself, but a maiden Grand Final appearance, built under Man of Steel winner Mikey Lewis, marked the best season in the club's history.

Turnover isn't broken out in this filing, but the accounts show a loss before tax of around £1.5m and net liabilities of roughly £7m, among the larger shortfalls in the division. The one bright spot on the balance sheet is the cash position: around £1m in the bank, the strongest cash holding of any club in this data, and notably the accounts show no estimated borrowings at all, so the club isn't funding its ambitions through debt.

That combination, a healthy cash buffer, zero borrowings, but a meaningful trading loss and negative net assets, points to a club that has been investing in the playing budget and infrastructure to make a genuine title push, and largely doing it without leaning on lenders.

For a first-time Grand Final appearance, that's a defensible trade-off: spend against reserves, not against the bank. It's also a reminder of what a salary-cap sport's finances look like without a transfer market to sell players for a profit: a club chasing an unprecedented season has few levers besides its own reserves, and Hull KR's cash position gave them one to pull.

Balance sheet snapshot

No borrowings on the books, but a near £7m hole in net assets shows the cost of the club's first title tilt was met from reserves, not the bank.