WWW.RLFANS.COM • View topic - Big cuts coming
Re: Big cuts coming Thu Jul 16, 2020 11:52 am  

User avatarbatleyrhino wrote:
batleyrhino User avatar
Silver RLFANS Member
Silver RLFANS Member

Joined: Tue Feb 26, 2002 3:32 pm
Posts: 7534
Location: anywhere, literally...
Thinking again about this topic of a £4M loss. To get there they must have forecast budgets of income and expenditure, along with expected savings in SG&A as well as player costs.

This “we don’t know what next years playing budget will be so cant make any decisions” doesn’t sit comfortably with “we estimate we will incur a £4M loss”.

You can’t know one without knowing the other...
It's not how much talent you've got, it's what you do with it that counts.
Re: Big cuts coming Thu Jul 16, 2020 1:25 pm  

User avatarSal Paradise wrote:
Sal Paradise User avatar
Gold RLFANS Member
Gold RLFANS Member

Joined: Wed Feb 27, 2002 8:28 am
Posts: 17746
Location: On the road
batleyrhino wrote:
Thinking again about this topic of a £4M loss. To get there they must have forecast budgets of income and expenditure, along with expected savings in SG&A as well as player costs.

This “we don’t know what next years playing budget will be so cant make any decisions” doesn’t sit comfortably with “we estimate we will incur a £4M loss”.

You can’t know one without knowing the other...


The loss of corporate income and sponsorship will have hit the club really hard - business is not like ST holders - its brutal they will not be making a donation to the club they will be wanting their money back - the boxes alone are £30k each and there are 12 - that's before you add and food and drink
Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.
Re: Big cuts coming Thu Jul 16, 2020 1:43 pm  

User avatarbatleyrhino wrote:
batleyrhino User avatar
Silver RLFANS Member
Silver RLFANS Member

Joined: Tue Feb 26, 2002 3:32 pm
Posts: 7534
Location: anywhere, literally...
And all of that is one aspect of income, without either sticking to the same playing budget or knowing what it’s changed to, how can they rebuild the overall budget to know they would forecast a £4M loss?
It's not how much talent you've got, it's what you do with it that counts.
Re: Big cuts coming Thu Jul 16, 2020 3:27 pm  

Trebor1 wrote:
Trebor1 Free-scoring winger
Free-scoring winger

Joined: Fri Mar 03, 2017 11:16 am
Posts: 1925
batleyrhino wrote:
Thinking again about this topic of a £4M loss. To get there they must have forecast budgets of income and expenditure, along with expected savings in SG&A as well as player costs.

This “we don’t know what next years playing budget will be so cant make any decisions” doesn’t sit comfortably with “we estimate we will incur a £4M loss”.

You can’t know one without knowing the other...


I agree. Im not liking it one bit..
Re: Big cuts coming Thu Jul 16, 2020 3:51 pm  
The Ghost of '99 User avatar
Free-scoring winger
Free-scoring winger

Joined: Sun Feb 26, 2006 4:45 pm
Posts: 1100
Location: Desperation Island
Trebor1 wrote:
I agree. Im not liking it one bit..

What are you not liking?
"Brian McDermott, with a wry smile, nods when asked if he remembers a specific incident which made him realise he was a prick. 'I do', he murmurs."
Re: Big cuts coming Fri Jul 17, 2020 8:01 am  

User avatarSal Paradise wrote:
Sal Paradise User avatar
Gold RLFANS Member
Gold RLFANS Member

Joined: Wed Feb 27, 2002 8:28 am
Posts: 17746
Location: On the road
batleyrhino wrote:
And all of that is one aspect of income, without either sticking to the same playing budget or knowing what it’s changed to, how can they rebuild the overall budget to know they would forecast a £4M loss?


All business budget - the ones I work in three years with quarterly updates. You have to take a view of what you think commercial activity will be for the rest of the 2020 season i.e. none and the 2021 season - conservative estimate says 50% guys like Rob Oates have been round long enough to understand or have a feel for sponsorship activity. £4m is probably worst case and it could £3m this year and £1m next who knows.

On the squad the vast majority will already have been committed e.g. Gale, Hurrell, Martin etc. so 80% of the spend will be known. In the scheme of things this is a very small business it has 4 revenue streams: Sky, Spectators, Corporate/facilities and match day income. Outflows: Playing staff, admin support, infrastructure, match day, interest - this is not difficult to forecast.
Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.
Re: Big cuts coming Fri Jul 17, 2020 8:04 am  
Sir Kevin Sinfield Bronze RLFANS Member
Bronze RLFANS Member

Joined: Fri Aug 29, 2014 8:57 am
Posts: 3715
It’s fair to say the £4m loss is a very rough estimate that could be way off the true figure. It was put out there before asking players to take wage cuts and season ticket holders to donate their refunds, it was made public to influence decisions. I’m not saying there is anything wrong with that, just that’s what’s happened.
Re: Big cuts coming Fri Jul 17, 2020 8:42 am  

User avatarSal Paradise wrote:
Sal Paradise User avatar
Gold RLFANS Member
Gold RLFANS Member

Joined: Wed Feb 27, 2002 8:28 am
Posts: 17746
Location: On the road
Sir Kevin Sinfield wrote:
It’s fair to say the £4m loss is a very rough estimate that could be way off the true figure. It was put out there before asking players to take wage cuts and season ticket holders to donate their refunds, it was made public to influence decisions. I’m not saying there is anything wrong with that, just that’s what’s happened.


It was put out there so ST holders wouldn't ask for refunds - I doubt corporate sponsors will have been quite so forthcoming!! The players even taking a 15% pay cut would only scratch the surface of a loss of this size c£300k. This is more about setting a benchmark for future negotiations. I saw Craig Harrison on a podcast with idiot Gledhill and I have seldom seen him so negative about the sport - it seems he knows what's coming. RL cannot be immune to what is happening in wider society. There are going to be significant reductions in full time playing staff. This will used to get players wages down i.e. you are lucky to have a job!!
Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.
Re: Big cuts coming Fri Jul 17, 2020 9:45 am  

User avatarbatleyrhino wrote:
batleyrhino User avatar
Silver RLFANS Member
Silver RLFANS Member

Joined: Tue Feb 26, 2002 3:32 pm
Posts: 7534
Location: anywhere, literally...
The wage cut argument can only be a short term one, unless the NRL come online with something similar all you’ll see is our good kids going there.

SL will be a full on second tier competition.
It's not how much talent you've got, it's what you do with it that counts.
Re: Big cuts coming Fri Jul 17, 2020 11:57 am  

User avatarSal Paradise wrote:
Sal Paradise User avatar
Gold RLFANS Member
Gold RLFANS Member

Joined: Wed Feb 27, 2002 8:28 am
Posts: 17746
Location: On the road
batleyrhino wrote:
The wage cut argument can only be a short term one, unless the NRL come online with something similar all you’ll see is our good kids going there.

SL will be a full on second tier competition.


Completely agree - the Aussies want our best kids before our coaching techniques ruin them
Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.
PreviousNext

Who is online

Users browsing this forum: Google [Bot], RHINO-MARK and 117 guests

Quick Reply

Subject: Message:
   

Return to Leeds Rhinos - southstander.com


POSTSONLINEMEMBERSRECORDYOUR TEAM
5,056,96985478,1614,559SET
LOGIN HERE
or REGISTER for more features!.
When you register you get access to the live match scores, live match chat and fixtures and you can post in the discussions on the forums.
YOU HAVE RL CHAT OFF
Please Support RLFANS.COM


YOU HAVE RL FIXTURES OFF
RLFANS Recent Posts