Re: Sustainable RL clubs : Mon Aug 18, 2014 6:57 pm  

Haven't the Wolfs' profits fallen dramatically?

Re: Sustainable RL clubs : Mon Aug 18, 2014 7:18 pm  

Orrell Lad wrote:

Haven't the Wolfs' profits fallen dramatically?

They have, from 366k to 19k, but to be fair the Wolfs do seem to be run on a prudent basis, hopefully that drop isn't a sign of problems to come.

Re: Sustainable RL clubs : Mon Aug 18, 2014 7:26 pm  

Yes the word profit giving you a clue to Warrington's parlous state. How many sporting clubs post a profit these days?

Re: Sustainable RL clubs : Mon Aug 18, 2014 7:47 pm  

Deano G wrote:

They have, from 366k to 19k, but to be fair the Wolfs do seem to be run on a prudent basis, hopefully that drop isn't a sign of problems to come.

Figures include transfer fees paid of £215k in 2013. Seems a lot to spend on Anthony England who was our only signing during the year

Re: Sustainable RL clubs : Mon Aug 18, 2014 9:33 pm  

Leeds

Turnover reduced from £10.7m in 2012 to £10.03m in 2013 mostly due to not reaching a final in 2013.

Profit reduced from £692k to £406k.

Amount owed to the club = £1.643m

Cash at bank = £1.99m

Re: Sustainable RL clubs : Mon Aug 18, 2014 9:43 pm  

Him wrote:

Leeds

Turnover reduced from £10.7m in 2012 to £10.03m in 2013 mostly due to not reaching a final in 2013.

Profit reduced from £692k to £406k.

Amount owed to the club = £1.643m

Cash at bank = £1.99m

Impressive figures, surely no British club can match that.

Re: Sustainable RL clubs : Tue Aug 19, 2014 6:20 am  

Him wrote:

Leeds

Turnover reduced from £10.7m in 2012 to £10.03m in 2013 mostly due to not reaching a final in 2013.

Profit reduced from £692k to £406k.

Amount owed to the club = £1.643m

Cash at bank = £1.99m

Is that for the Rhinos or the holding company incorporating the rah rahs and the cricket facilities. Where do Leeds Carnegie fit into this?

Re: Sustainable RL clubs : Tue Aug 19, 2014 8:52 am  

Finfin wrote: Is that for the Rhinos or the holding company incorporating the rah rahs and the cricket facilities. Where do Leeds Carnegie fit into this? viewtopic.php?f=17&t=573195&start=0 Most of the £2m owed to the club is owed by the RU side.

Finfin wrote: Is that for the Rhinos or the holding company incorporating the rah rahs and the cricket facilities. Where do Leeds Carnegie fit into this? viewtopic.php?f=17&t=573195&start=0 Most of the £2m owed to the club is owed by the RU side.

Re: Sustainable RL clubs : Tue Aug 19, 2014 8:26 pm  

Finfin wrote:

Is that for the Rhinos or the holding company incorporating the rah rahs and the cricket facilities. Where do Leeds Carnegie fit into this?

It's the Rhinos. Leeds CF & A.
The cricket facilities are owned by Yorkshire CCC.
The Union lot are separate and owe the Rhinos £827k
There's also a baffling annual "management charge" from the Rhinos to the Union lot. Roughly around £100-120k each year. Which is effectively Caddick taking Rhinos profits to prop up Carnegie.

Re: Sustainable RL clubs : Wed Aug 20, 2014 6:37 pm  

Him wrote:

It's the Rhinos. Leeds CF & A.
The cricket facilities are owned by Yorkshire CCC.
The Union lot are separate and owe the Rhinos £827k
There's also a baffling annual "management charge" from the Rhinos to the Union lot. Roughly around £100-120k each year. Which is effectively Caddick taking Rhinos profits to prop up Carnegie.

One clarification - since the majority of the corporate facilities at Headingley fall within the control of the RL club (pavilion/Carnegie Stand/hotel), cricket does have a direct effect on Leeds' finances as Yorkshire couldn't hope to put a test or ODI without them. So Leeds make decent money out of this - not as much as in the good old days, but still very worthwhile. Hence the Strategic Report observes that, "Headingley Experience catering budget suffered mainly as a result of the One Day International cricket being a wash out and no play on the Friday of the Test Match."

Wigan RLC Ltd has minimal fixed assets, is technically insolvent and to continue trading is reliant on the owner not withdrawing his support. Even if the company is making small profits now, it's not a happy position for one of the larger British RL clubs.