South West Wales

Pro12 rugby region Ospreys record £123,000 losses

Welsh rugby region the Ospreys have recorded a £123,000 loss in the last financial year.

The Swansea-based Pro12 side blamed unexpected legal costs and ongoing competition issues for the losses.

But the figures for 2013/14 have been hailed as "significant" considering difficult circumstances for regional rugby in Wales.

The region said progress was being made for the long-term compared to a £1.86m loss the previous year.

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