Re: How are our finances? : Wed Apr 11, 2012 9:20 pm  

I Grope Balls wrote: Surely Rogues will prove us wrong and show us the actual facts for once? Wouldn't that be worth it? http://www.wigantoday.net/sport/wigan-w ... _1_4061300 "The Warriors – who hold a long-term lease to continue playing at the DW Stadium until 2050– are turning in a profit and are not relying on the handouts of their millionaire benefactor."

I Grope Balls wrote: Surely Rogues will prove us wrong and show us the actual facts for once? Wouldn't that be worth it? http://www.wigantoday.net/sport/wigan-w ... _1_4061300 "The Warriors – who hold a long-term lease to continue playing at the DW Stadium until 2050– are turning in a profit and are not relying on the handouts of their millionaire benefactor."

Re: How are our finances? : Thu Apr 12, 2012 12:09 am  

And back to saints!

We really need a train smiley, as a quick reminder to keep everyone on track.

Re: How are our finances? : Thu Apr 12, 2012 5:01 am  

Highlander wrote: These being Leicester Tigers and the Leeds holding company. The other 28 have all posted losses. Ignoring from the Pies and their "do they or don't they" debate raging tediously across these pages, you missed the other "Saints" who also make big profits every year too: http://www.northamptonsaints.co.uk/news/7826.php

Highlander wrote: These being Leicester Tigers and the Leeds holding company. The other 28 have all posted losses. Ignoring from the Pies and their "do they or don't they" debate raging tediously across these pages, you missed the other "Saints" who also make big profits every year too: http://www.northamptonsaints.co.uk/news/7826.php

Re: How are our finances? : Thu Apr 12, 2012 7:24 am  

Highlander wrote:

In an attempt to cheer me up, one of my accountant friends from back home did some research (in his own time of course) and emailed me that of the 30 professional rugby (both codes) clubs in England only 2 have made any sort of profit (in admittedly terrible economic conditions) in the last few (available) years.

These being Leicester Tigers and the Leeds holding company. The other 28 have all posted losses.

Obviously you guys should be well placed now and moving forward with someone who has taken the long view and absorbed some short -term debt.

pretty sure northampton run at a small profit now

Re: How are our finances? : Thu Apr 12, 2012 7:38 am  

Deloittes recently issued a report considering the finances of rugby clubs across Europe, primarily focusing on rugby union clubs as they were by far the biggest in respect of turnover (with the majority of the leading clubs being French). The results of the report were basically that to prosper clubs require to own their stadium so that turnover (and hopefully profits) can be increased by revenue streams additional to 14 or so matchdays a year.

The key for Saints is to maximse the use of the stadium. At present I understand that there is a quite a bit of "space" that is under-utilised. One of the problems here is the cost of fitting-out such spaces so that they become revenue earners. Warrington took out a bank-loan to cover this cost and this represents the biggest debt the club has, at present with an interest rate of 1.75% above base, this is manageable and Warrington has posted profits for something like 4 out of the last 5 set of accounts but if interest rates increase significently then this may become a burden.

Re: How are our finances? : Thu Apr 12, 2012 8:08 am  

southernsaint7 wrote:

pretty sure northampton run at a small profit now

£800,000 last year I think, they've made a profit for 10 years (or something similar), despite dropping down to the lower league for a year.

Re: How are our finances? : Thu Apr 12, 2012 8:41 am  

So in summary (to answer the original question) ...
Saints made a sizeable loss in 2010, they probably made an horrific loss in 2011, and they will probably make break-even or a small profit in 2012.

I suppose the only ongoing unanswered part of that is how is the horrific losses of the Widnes year being carried over (financed). If it's covered by one of these backroom money men then all's good. If not then it has the potential of pulling Saints down in the fashion of Bradford.

And as for Wigan... they get an excellent deal on renting the DW stadium, probably a lot less than the overheads of owning a ground.

Re: How are our finances? : Thu Apr 12, 2012 8:53 am  

With Wigan, we've just got to hope the FA change the rules on ground sharing. Wigan renting Leigh's ground would be far too funny.

Re: How are our finances? : Thu Apr 12, 2012 9:05 am  

Saddened! wrote:

With Wigan, we've just got to hope the FA change the rules on ground sharing. Wigan renting Leigh's ground would be far too funny.

i know then they would have to pay us to get us out the stadium probably enough to make sure we wont need a bank loan or lenagan borrowing money off friends to develop are own stadium. yeah i really hope they do as probably most wigan fans.

imgagine just how much money wigan would make then.

Re: How are our finances? : Thu Apr 12, 2012 9:10 am  

dubairl wrote:

i know then they would have to pay us to get us out the stadium probably enough to make sure we wont need a bank loan or lenagan borrowing money off friends to develop are own stadium. yeah i really hope they do as probably most wigan fans.

imgagine just how much money wigan would make then.

I wouldn't count your chickens. There are always get out clauses in lease agreements.