Yes, good call Greg, I should have seen that as the old Wakefield Trinity company sold its assets to Spirit of 1873 before it got dissolved.

Wakefield's accounts obviously relate to when they were Super League in 2023 showing them making a profit of £2.7 million, but that included a grant from Wakefield Council for £1.6 million ans a shareholder loan write of of £1,275 million, so stripping them 2 out would show a small loss. They have net assets of £3.5 million but this includes nearly £14 million for the ground and other facilities but creditors include loans building the stuff. They're deferring some further council funding whilst the stadium has/is being constructed, but they look pretty strong nevertheless, that's what we've been competing against, not a cat in hell's chance!

Thanks for this. Very interesting. Those clubs that have “squad builder” type support from the fans, how would that be shown in the accounts? If it’s shown at all? The only reason I’m asking is that the last few players Bradford have signed have all had the line “ and thanks must go to bullbuilder without which this signing would t happen “ . I don’t know how much they actually help in % terms, but it’s obviously helpful

Not 100% certain on this but they normally tend to be separate companies don't they? I presume money then handed over as donations may avoid tax implications.

On the contrary, the SKY deal was revised down as from (and including) 2023. According to Leeds 2023 accounts their annual income from central funding went down from £1.9 million to £1.5 million. Incidentally Leeds lost £1.5m
in 2023 but have a healthy balance sheet at £11.4m net assets because they own the ground from which they make loads of additional revenue - catering, hotel, rental etc. The directors even get paid (£439k in total).

Fax's financial performance over the last 10 years is as follows:

2023 - Loss (£191,974)
2022 - Loss (£316,827)
2021 - Loss (£83,255)
2020 - Profit £171,077
2019 - Profit £56,191
2018 - Profit £463
2017 - Loss (£7,187)
2016 - Profit £80,343
2015 - Loss (£39,173)
2014 - Loss (£135,685)

I think the lucrative "qualifiers" didn't start until 2015, but I stand to be corrected. I just remember 2014 as the season Karl Harrison was sacked and we lost a play off match 29-0 against Dewsbury at the Shay with Muzza as interim coach.

The big profit in 2020 was during covid when the players were furloughed (so claimed back their wages) and many fans didn't ask for season ticket refunds despite the lock down.

The CC semi against Saints probably contributed to a 2019 profit.

Quite obvious though that the loss of central funding (or significant decrease - I've no idea how it's distributed to the Championship clubs, if at all, since the SL pigs have their snouts in the trough) is a killer. Desperately need the Championship to get some big sponsor but very unlikely without some sort of TV coverage - even a "scrumdown" type programme with Channel 4 would help, not too much to ask!

Quote: Tony Fax "Why would Bradford and Fev vote against a lucrative deal, and why would it have lost bums on seats?'" Because they thought people would stay at home instead of going and paying through the turnstiles but they weren’t the only ones with the league being split. https://www.google.com/url?q=https://ww ... urfk5bo51f

Quote: Tony Fax "Why would Bradford and Fev vote against a lucrative deal, and why would it have lost bums on seats?'" Because they thought people would stay at home instead of going and paying through the turnstiles but they weren’t the only ones with the league being split. https://www.google.com/url?q=https://ww ... urfk5bo51f

Just posting what I’d read and included the link.

On attending where you had to pay I’m sure I read someone somewhere had been put off by the admission prices and was now becoming a armchair fan.

I think the user name was something like Foney Tax or similar.

Its hard to see the game continuing as semi professional at this level, teams losing money hand over fist. I think our average is down around 400-500 or so from previous seasons and the Wakefield game was the lowest attendance I have seen from Fax fans in a long time. Without a money man most teams are basically insolvent unless they are fortunate enough to own their own ground.

I honestly just don’t know what’s going to happen but as you say the empty terraces can’t be disputed.

Fax could be one of the first to go as we’ve got serious challenges in the board room, on the field with performance and off the field with the stadium issues all here at the same time.

Maybe so, but I think Fax will always be around even if it's a mid table League 1 club.

Still waiting for London and Warrington to file their accounts (they're both overdue - maybe the IMG should deduct them points?) then I'll summarise the SL clubs.

https://halifaxpanthers.co.uk/panthers- ... -panthers/ Looking bleak for us.

https://halifaxpanthers.co.uk/panthers- ... -panthers/ Looking bleak for us.