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Warrington Wolves record loss for 2016
Post Wed Aug 09, 2017 5:23 am
Posted by Builth Wells Wire on Wed Aug 09, 2017 5:23 am
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Posted by lister on Wed Aug 09, 2017 7:41 am
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If you go to companies house they have a PDF of the accounts https://beta.companieshouse.gov.uk/comp ... ng-history

Group of companies' accounts made up to 30 November 2016.
Posted by Smith's Brolly on Wed Aug 09, 2017 8:08 am
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The dreaded 'C' word coming up again in that interview..It costs money to make money.
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Posted by Tiz Lad on Wed Aug 09, 2017 9:08 am
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Builth Wells Wire wrote:
http://www.warringtonguardian.co.uk/news/15460720.Warrington_Wolves_record_loss_of_more_than___250k_for_2016_season/


Should fully expect next year's accounts to be even worse. Lower attendances especially qualifier compared to Super 8s, not extra merchandise opportunities that we had with the two finals of last year

Concerning times I'd say
Posted by Smiffy27 on Wed Aug 09, 2017 9:39 am
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I don't see too much of a problem with the overspending in 2016. Yes ... the financial fallout from the performances on the field this season will be the main concern.
Posted by ninearches on Wed Aug 09, 2017 9:48 am
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Perhaps we are carrying too many staff in our extended back room...too many jobs for the boys.
Posted by Alffi_7 on Wed Aug 09, 2017 9:49 am
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Considering there was probably an additional £500k from Wembley & OT, not to mention improved revenues from attendances, a loss of that amount would seem concerning.

Our new CEO's comments on money spent by Draper would seem verified with this financial result. I would imagine an onfield performance of 2017 coupled with the expenditure of 2016 would have resulted in a loss approaching £1M. Draper championed the 'fan experience', I'm not sure my 'fan experience' has improved to the degree the additional cost outlay warrants.

People can wish for SBW all they like, but there must be a sustainable business model behind it.
Re: Warrington Wolves record loss for 2016
Post Wed Aug 09, 2017 10:03 am
Posted by lister on Wed Aug 09, 2017 10:03 am
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The positives are the turnover £6,388,933 (up £252,845) and merchandise £785,062 (up £265,378). But that was with the top place finish, and 2 finals.

We are also making repayment of borrowings £27,750, and repayment of bank loans £153,139.

I wonder what we got for that much of an increased spend on Administration though £6,865,381 (up by £866,293)

We also had;

9 extra players compared to 2015
5 more administration
2 fewer ground and matchday staff

Taking into account social security and pension costs, wages were up by £534,287.

£811,854 is owed to parent company SJM Holdings.
Re: Warrington Wolves record loss for 2016
Post Wed Aug 09, 2017 10:13 am
Posted by Steve51 on Wed Aug 09, 2017 10:13 am
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Alffi_7 wrote:
I would imagine an onfield performance of 2017 coupled with the expenditure of 2016 would have resulted in a loss approaching £1M.


To be honest probably not. For a company that turns over £7M, to increase one off spending on branding etc to the tune of £1M a year will knacker your accounts. Trying to absorb 12.5% additional spending to only loose £250k is a decent achievement.

Warrington do a lot wrong regarding the important stuff regarding results, recruitment, and responding in a timely fashion to remedy those major flaws. Financial control though looks pretty tight. I'd expect we'd break even this year, worst case.
Re: Warrington Wolves record loss for 2016
Post Wed Aug 09, 2017 10:27 am
Posted by easyWire on Wed Aug 09, 2017 10:27 am
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What is even more concerning is that the RFL now have Draper on board. The last thing this sport needs is millions wasted on consultants... Is Draper an RFU double-agent or something?
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