Club Finances Turning the Corner : Tue Jul 28, 2015 12:14 pm  

Seems as though we have broke even for 2014 and heading into the black with profits forecasted for 2015. Turnover seems very impressive from £5 million to £7 million, well done McManus + Co in delivering the objectives and projections.
If the players can deliver this year then the fans will support onwards and upwards.

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 12:37 pm  

Rogues will be on here before long telling us the results are an utter sham, the absence of shareholders meetings means there's something illicit going on and the fact that we have Directors Loans is wholly indicative that we are, actually, a Club in crisis.

Great results - break even point reached in year 3 or 4 which is expected for new start ups. Nice to own a stadium and goes to show how great an opportunity it's given us

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 12:54 pm  

Allez wrote:

Rogues will be on here before long telling us the results are an utter sham, the absence of shareholders meetings means there's something illicit going on and the fact that we have Directors Loans is wholly indicative that we are, actually, a Club in crisis.

Great results - break even point reached in year 3 or 4 which is expected for new start ups. Nice to own a stadium and goes to show how great an opportunity it's given us

I think that is a really good point. The club is effectively a new start up business - doing a whole range of new things compared to 4 years ago. Running corporate events, weddings, running an in house catering firm, selling sponsorship and executive packages as well as maintaining the rugby side of the club too.

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 1:21 pm  

The 5 yr season tickets also run out this year so hopefully if most people renew them we'll see more profits to spend on a Galatico Player?

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 1:22 pm  

Financial stability is kind of boring though isn't it. No one wants to celebrate the fact that we're break even this year if we fail to win anything. In 2020 when we've gone 5 years since our last one, will we be consoling ourselves with the fact that we didn't lose any money not winning trophies?

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 1:22 pm  

Rommel wrote:

The 5 yr season tickets also run out this year so hopefully if most people renew them we'll see more profits to spend on a Galatico Player?

Or a big drop in average crowds? Either way, there will be no galatico player for another 5 years.

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 1:47 pm  

Saddened! wrote:

Financial stability is kind of boring though isn't it. No one wants to celebrate the fact that we're break even this year if we fail to win anything. In 2020 when we've gone 5 years since our last one, will we be consoling ourselves with the fact that we didn't lose any money not winning trophies?

I think Bradford speccies would happily settle for some boring financial stability. I would prefer to be the Arsenal of Super League than the Portsmouth or Leeds United...

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 2:22 pm  

SomersetSaint wrote:

I think Bradford speccies would happily settle for some boring financial stability. I would prefer to be the Arsenal of Super League than the Portsmouth or Leeds United...

Pah! To be Arsenal we'd have to win the Cup. We don't do that.

We're more like the Everton of Super League. A good club in the past but lacking the ambition to kick on. Last seasons GF win has papered over so many cracks in the tarmac we've ended up with a mural instead of doing the re-skim that was required. Dominiquah and Matty Dawson versus Sam Tomkins or Chris Sandow anyone?

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 2:26 pm  

Winning the championship papers over cracks. The current champions of the country, second in the league, semi finals of the Cup and yet living in the past with no ambition.

Why must we suffer this fool ? The pathetic pseudo comic act doesn't work for very long with anyone with a brain.

Re: Club Finances Turning the Corner : Tue Jul 28, 2015 2:48 pm  

SLS wrote:

Winning the championship papers over cracks. The current champions of the country, second in the league, semi finals of the Cup and yet living in the past with no ambition.

Why must we suffer this fool ? The pathetic pseudo comic act doesn't work for very long with anyone with a brain.

We'll see who is right. If we fail to win a trophy this season, it's unlikely we will next season as our squad is slightly weaker. Last years GF was an astonishing achievement by a coach and group of players that had no right to happen. It was based on character, determination and a one in a million combination of events that led to the backs against the wall mentality. It wasn't based on us having a superb team or superb squad as we don't have them. You have to remember in all this that I called it perfectly. As everyone was celebrating our previous success I was expressing concern over the recruitment. I said we'd do ten years without a trophy, we managed 7 (?) and you positive minded folk were saved by that one in a million shot coming off.

Warrington have just gone through a similar phase. They won a few cups with a decent and upcoming squad. Instead of kicking on and investing they tried to rely on youth and did it on the cheap for a while. They spotted that and have put it right. With Lineham, Gidley, Sandow coming in they will be vastly improved. Exactly the same pattern we had when McManus realised it wasn't going to be sustainable winning nothing. We win a GF and bang, the quality of recruitment drops again, plummeting like a stone. Hopefully this time we'll only have one iffy season and we'll replace Walsh and Burns with real quality.