FORUMS FORUMS






RLFANS.COM
Celebrating
25 years service to
the Rugby League
Community!
  
FORUMS > Halifax Panthers > Accounts
126 posts in 9 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin
MP
RankPostsTeam
International Chairman2127No
Team
Selected
JoinedServiceReputation
Feb 200223 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
1231.gif
:1231.gif



From the statement the tax man is the main debtor they want to serve first. However in your initial post TF you stated the money owed to the tax man was 47k alone. Goodness knows what it is now.

RankPostsTeam
Moderator31932
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
438_1551258406.jpg
"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg

Moderator


Doesn't look good at all. Hope you lot can get through it. I'll be happy to put my hand in my pocket if need be. We all need to stick together as it's clear that all clubs are in the same boat.

RankPostsTeam
Club Coach9526
JoinedServiceReputation
Feb 200520 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
13050.gif
[b:112mouem][color=#0000FF:112mouem][size=100:112mouem] "Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid."― Albert Einstein[/size:112mouem] [/color:112mouem][/b:112mouem] [b:112mouem][color=#0000FF:112mouem][size=100:112mouem] "Everybody gets so much information all day long that they lose their common sense." ― Gertrude Stein[/size:112mouem][/color:112mouem][/b:112mouem] [b:112mouem][color=#0000FF:112mouem][size=100:112mouem] "Don't believe everything you read on the internet" ― Abraham Lincoln [/size:112mouem][/color:112mouem][/b:112mouem]:13050.gif



I think a Bradford Bulls fan has said it best on FB, as much as we are all fans, be very careful what you put in to the club and do not put in more than you can afford because it has to be close to zero chance that you would ever see any of that money back. The BOD or whatever is left to them need to be very clear from this point because over two weeks we have had very different outlooks from them and I think they need to lay all the cards on the table which they are not doing at the moment.

What is the plan for the future? We are clearly not managing the debt and fans donating money as "loans" is certainly not a long term answer. I think Dvada on the other thread puts it right when he asks about the board saying where this 700k that they have supposedly put in has gone. The main question at this point with HMRC likely to wind the club up, if they refused an extension is highly likely that we have asked for and used them previously and this is the final notice, is it worth the club carrying on? May as well start afresh with a clean slate and lets get out of the Shay and get begging to other clubs for somewhere more sustainable to play. What a mess.

RankPostsTeam
Player Coach1219No
Team
Selected
JoinedServiceReputation
Jan 200619 years
OnlineLast PostLast Page
Sep 2024Sep 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

:



That Panthers rebrand really worked wonders didnt it!!

Paying big money you didnt have to Eden and Widdop , not paying HMRC or stadium rent and now wanting fans to bail you out.
Should be a points deduction and relegated to League 1, along with being stripped of next years central funding which should be re disributed accross the other Championship teams.

Teams like Fax need to cut their cloth accordingley.

RankPostsTeam
International Chairman6605
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
287.jpg
AM I RIGHT? I'M NOT WRONG!:287.jpg



Quote: MP "From the statement the tax man is the main debtor they want to serve first. However in your initial post TF you stated the money owed to the tax man was 47k alone. Goodness knows what it is now.'"


I can only guess what the monthly PAYE creditor "should" be, but £47k did seem rather high when I first looked at the accounts. I've looked at Widnes and York and they had similar amounts outstanding. Fax did say in today's statement that other clubs have also asked for extensions. Like GFB says .... "What a mess".

RankPostsTeam
International Chairman6605
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
287.jpg
AM I RIGHT? I'M NOT WRONG!:287.jpg



Quote: RagingBull "That Panthers rebrand really worked wonders didnt it!!

Paying big money you didnt have to Eden and Widdop , not paying HMRC or stadium rent and now wanting fans to bail you out.
Should be a points deduction and relegated to League 1, along with being stripped of next years central funding which should be re disributed accross the other Championship teams.

Teams like Fax need to cut their cloth accordingley.'"


Very poor trolling attempt. Must try harder.

RankPostsTeam
Club Owner251
JoinedServiceReputation
Jun 200321 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
5844_1671287227.png
:d7dc4b20b2c2dd7b76ac6eac29d5604e_5844.png



London fan chiming in here...
Like Bullseye, I hope things work out for you. Really.
Probably because of my age, I've always seen you as a potential BIG club. Well, at least bigger than some of IMG's A-rated ones now.
Fans of rival teams gloating at the prospect of the demise of another rugby league club should be shot.

RankPostsTeam
Club Captain1111No
Team
Selected
JoinedServiceReputation
Mar 20205 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

:



Quote: Benny Profane "London fan chiming in here...
Like Bullseye, I hope things work out for you. Really.
Probably because of my age, I've always seen you as a potential BIG club. Well, at least bigger than some of IMG's A-rated ones now.
Fans of rival teams gloating at the prospect of the demise of another rugby league club should be shot.'"


I think tony fax has a shotgun.

RankPostsTeam
International Chairman6605
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
287.jpg
AM I RIGHT? I'M NOT WRONG!:287.jpg



Quote: Listenup94 "I think tony fax has a shotgun.'"



a026.gif

RankPostsTeam
Player Coach3208
JoinedServiceReputation
Oct 200519 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

Pollsters doing Excellent job - say recent polls.:



Quote: Faxlore "There is no way the council would sell the shay site for housing/ shopping or what ever and then plow that revenue into a new stadium. Even if that stadium is smaller. One the council sell the Shay, and I feel they will sooner than later, they will be done with supporting professional sport in this town.'"


Ok, shot in the dark time, but it's obvious the council needs a partner for the site. You guys might know more but have they actually approached anyone? Logically (i know, this is local government...) with the Piece Hall taking off, there will be demand for more hotel capacity. There's a decent amount of land there, and obviously really close to the centre and train station as well. Could a national hotel chain be persuaded to come in? Offer them the South stand to demolish and build a 3 or 4 storey hotel across the bottom of the ground, incorporating that unfinished segment in the corner. Leaving the ground, 3 stands, a hotel partner anchoring it. Or has this ship sailed in the current climate?

After what we went through, I know far too much now about insolvencies, administrators, the poisoned chalice of rfl "help" so I really feel sorry for you guys. Hope it can get sorted.

RankPostsTeam
International Star4571
JoinedServiceReputation
Oct 201014 years
OnlineLast PostLast Page
Nov 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

:



Quote: Highlander "Ok, shot in the dark time, but it's obvious the council needs a partner for the site. You guys might know more but have they actually approached anyone? Logically (i know, this is local government...) with the Piece Hall taking off, there will be demand for more hotel capacity. There's a decent amount of land there, and obviously really close to the centre and train station as well. Could a national hotel chain be persuaded to come in? Offer them the South stand to demolish and build a 3 or 4 storey hotel across the bottom of the ground, incorporating that unfinished segment in the corner. Leaving the ground, 3 stands, a hotel partner anchoring it. Or has this ship sailed in the current climate?

After what we went through, I know far too much now about insolvencies, administrators, the poisoned chalice of rfl "help" so I really feel sorry for you guys. Hope it can get sorted.'"


Back in 2019 there was this article in the Courier, bit of a read with all the adverts but it answers some of the questions.
https://www.halifaxcourier.co.uk/news/p ... ium-983519

Here's the text without the ads.
Hotel potential at The Shay as blueprint is drawn up to develop the stadium
By Ian Hirst
Published 18th Apr 2019, 12:53 BST
Updated 18th Apr 2019, 13:04 BST
The Shay Stadium in Halifax

The future of the Shay Stadium will be put in the spotlight as Calderdale Council leaders discuss how the complex can be developed.
Calderdale Council’s director of public services Zohrah Zancudi has outlined in a report to the Place scrutiny board the potential developments of the stadium.

One of the key aspects is the future of the West Stand after a structural survey revealed a number of issues.

In her report Zohrah Zancudi said: “It is likely that in the next couple of years the stand could be condemned. This would result in a decision being required over whether to close the stand or make significant investment.
“We had looked to work with a hotel building company to provide a hotel at the stadium.

“This was linked to the development of the annex and the progress stopped at this stage. If demand exists for another hotel in Halifax then Corporate Asset and Facilities Management can be requested to look into this with a development company.”

The closure of the West Stand would not affect the provision of games to both professional clubs due to current attendance figures as currently only two of the four stands are used for match days.

The report also showed how vital it was for the council to work with both FC Halifax Town and Halifax RLFC to help with development of the Shay.

“The Shay Stadium is the principal sporting venue in Calderdale and in terms of size and operational capacity it offers great potential for future growth in both sport and event management,” said the Calderdale Council director.

“There remain challenges to realise this potential fully; we need to look at the stadium as a whole and develop a strategy for development.

“The next stage of development could depend on the success of both professional clubs.

“We need to look at how we can support and enable the clubs to be more successful. We need to work closely with both clubs to increase revenue to allow investment.”

One option is potential sponsorship of the stadium.

There is currently no sponsorship agreement for the Shay, with the previous sponsor going into administration. The intention is now for the council to work with the clubs to seek more sponsorship opportunities.

A number of development proposals have been considered in the past to move the stadium onto a more commercial footing including the sale of the annex .

The Council spoke to two potential buyers of the annex but at the latter stages of both negotiations the deals fell through.

There has been no further interest in this space.

Potential use as a storage facility for the Council could be considered. The Asset Planning Team have recently estimated £70,000 to remove the structure.

As there is no financial benefit to this then unless the Council need the space for a commercial venture it will keep it mothballed.

Positive financial outlook

The accounts for the Shay Stadium show a projected operating deficit of £214,035 for the financial year 2018-19.

However, if you factor in the cost that the council would otherwise have to pay for office space used by staff at the stadium and to hire rooms for training outside the organisation it comes to £170,000.

If this is taken into account then the overall operating loss is £44,000. It is expected that this can be reduced to zero by the end of financial year 2019-20.

The main sources of income for the Shay Stadium come from the rugby and football clubs and from the catering companies contracted to provide services there.

In addition, income is received from the various organisations that use the Shay Stadium regularly.

The council says it will continue to invest in the stadium to keep it safe.

The Place Scrutiny Board will meet to discuss the plan tonight (Thursday) at Halifax town hall at 6pm.
Quote: Highlander "Ok, shot in the dark time, but it's obvious the council needs a partner for the site. You guys might know more but have they actually approached anyone? Logically (i know, this is local government...) with the Piece Hall taking off, there will be demand for more hotel capacity. There's a decent amount of land there, and obviously really close to the centre and train station as well. Could a national hotel chain be persuaded to come in? Offer them the South stand to demolish and build a 3 or 4 storey hotel across the bottom of the ground, incorporating that unfinished segment in the corner. Leaving the ground, 3 stands, a hotel partner anchoring it. Or has this ship sailed in the current climate?

After what we went through, I know far too much now about insolvencies, administrators, the poisoned chalice of rfl "help" so I really feel sorry for you guys. Hope it can get sorted.'"


Back in 2019 there was this article in the Courier, bit of a read with all the adverts but it answers some of the questions.
https://www.halifaxcourier.co.uk/news/p ... ium-983519

Here's the text without the ads.
Hotel potential at The Shay as blueprint is drawn up to develop the stadium
By Ian Hirst
Published 18th Apr 2019, 12:53 BST
Updated 18th Apr 2019, 13:04 BST
The Shay Stadium in Halifax

The future of the Shay Stadium will be put in the spotlight as Calderdale Council leaders discuss how the complex can be developed.
Calderdale Council’s director of public services Zohrah Zancudi has outlined in a report to the Place scrutiny board the potential developments of the stadium.

One of the key aspects is the future of the West Stand after a structural survey revealed a number of issues.

In her report Zohrah Zancudi said: “It is likely that in the next couple of years the stand could be condemned. This would result in a decision being required over whether to close the stand or make significant investment.
“We had looked to work with a hotel building company to provide a hotel at the stadium.

“This was linked to the development of the annex and the progress stopped at this stage. If demand exists for another hotel in Halifax then Corporate Asset and Facilities Management can be requested to look into this with a development company.”

The closure of the West Stand would not affect the provision of games to both professional clubs due to current attendance figures as currently only two of the four stands are used for match days.

The report also showed how vital it was for the council to work with both FC Halifax Town and Halifax RLFC to help with development of the Shay.

“The Shay Stadium is the principal sporting venue in Calderdale and in terms of size and operational capacity it offers great potential for future growth in both sport and event management,” said the Calderdale Council director.

“There remain challenges to realise this potential fully; we need to look at the stadium as a whole and develop a strategy for development.

“The next stage of development could depend on the success of both professional clubs.

“We need to look at how we can support and enable the clubs to be more successful. We need to work closely with both clubs to increase revenue to allow investment.”

One option is potential sponsorship of the stadium.

There is currently no sponsorship agreement for the Shay, with the previous sponsor going into administration. The intention is now for the council to work with the clubs to seek more sponsorship opportunities.

A number of development proposals have been considered in the past to move the stadium onto a more commercial footing including the sale of the annex .

The Council spoke to two potential buyers of the annex but at the latter stages of both negotiations the deals fell through.

There has been no further interest in this space.

Potential use as a storage facility for the Council could be considered. The Asset Planning Team have recently estimated £70,000 to remove the structure.

As there is no financial benefit to this then unless the Council need the space for a commercial venture it will keep it mothballed.

Positive financial outlook

The accounts for the Shay Stadium show a projected operating deficit of £214,035 for the financial year 2018-19.

However, if you factor in the cost that the council would otherwise have to pay for office space used by staff at the stadium and to hire rooms for training outside the organisation it comes to £170,000.

If this is taken into account then the overall operating loss is £44,000. It is expected that this can be reduced to zero by the end of financial year 2019-20.

The main sources of income for the Shay Stadium come from the rugby and football clubs and from the catering companies contracted to provide services there.

In addition, income is received from the various organisations that use the Shay Stadium regularly.

The council says it will continue to invest in the stadium to keep it safe.

The Place Scrutiny Board will meet to discuss the plan tonight (Thursday) at Halifax town hall at 6pm.


RankPostsTeam
First Team Player302No
Team
Selected
JoinedServiceReputation
Jul 20204 years
OnlineLast PostLast Page
Oct 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

:



The only 2 options for survival imo are total opposites
1. Somehow engineer purchasing the shay. Personally i cant see it happening .

2. Probably the real chance of survival is to get out of theshay and find an alternative home where you could grow with your own earnings from a bar and function area. I can only realistically think of one place and they also play under the name Halifax.

RankPostsTeam
International Chairman5611
JoinedServiceReputation
Feb 200223 years
OnlineLast PostLast Page
Nov 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

Loving the hypocrisy of some.:



How will owning the shay help?

RankPostsTeam
International Chairman6605
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
287.jpg
AM I RIGHT? I'M NOT WRONG!:287.jpg



Still waiting for Warrington and London in SL, so had a look at some League 1 clubs who have filed their 2023 accounts:

Hunslet - loss of (£45k); net assets of £107k; employees 47

Rochdale - Profit of £25k; net assets of £65k; employees 12

Midlands Hurricanes - Loss of (£188k); net liabilities of (£295k); employees 22

RankPostsTeam
Player Coach3208
JoinedServiceReputation
Oct 200519 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature

Pollsters doing Excellent job - say recent polls.:



Quote: Tony Fax "Still waiting for Warrington and London in SL, so had a look at some League 1 clubs who have filed their 2023 accounts(has a multimillionaire owner)'"


Accounts don't show it, but Midlands are comfortable. And doing the right things to grow & develop.

126 posts in 9 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin
126 posts in 9 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


8.21533203125:5
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
3m
War of the Roses
Or thane
17
5m
Recruitment rumours and links
Or thane
3515
Recent
Transfer Talk V5
Trebor1
424
Recent
ALL NEW 49ERS ERA LEEDS UTD THREAD
Trebor1
2545
Recent
DoR - New Coach - Investor & Adam - New signings
Jake the Peg
3700
Recent
Memorable Games
Jake the Peg
12
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
1m
Film game
karetaker
5152
2m
Rumours thread
Trojan Horse
2505
2m
Transfer Talk V5
Trebor1
424
2m
England vs Samoa
NickyKiss
135
2m
Memorable Games
Jake the Peg
12
2m
ALL NEW 49ERS ERA LEEDS UTD THREAD
Trebor1
2545
2m
Planning for next season
Cokey
170
3m
Paladin Sports
orangeman
5
4m
Ground Improvements
Slugger McBa
123
5m
Squad contract dates
Trojan Horse
12
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Will Brough gone
vastman
2
TODAY
The Brick Stadium ownership update
Azul
8
TODAY
Rhinos Ladies
MjM
8
TODAY
Squad contract dates
Trojan Horse
12
TODAY
Paladin Sports
orangeman
5
TODAY
Magic Weekend
Wollo-Wollo-
2
TODAY
War of the Roses
Or thane
17
TODAY
Dual Reg
PopTart
2
TODAY
Vagana
Scarlet Pimp
10
TODAY
2025 Kit
Wigan Bull
6
TODAY
2025 merchandise
18th Man
12
TODAY
NBR Does Smithers have a hangover
Smithers99
7
TODAY
Its all gone a bit quiet
BigTime
17
TODAY
England Beat Samoa To Take Test Series
RLFANS News
1
TODAY
McMeekan
Trojan Horse
13
TODAY
Englands Women Demolish The Welsh
RLFANS News
1
TODAY
Lee Kershaw
Big lads mat
9
TODAY
2025 Shirt
The Whiffy K
11
TODAY
Home Shirt 2025
MattyB
1
TODAY
Uele contract extension
Khlav Kalash
5
TODAY
Squad for Match 2 v Samoa
rubber ducki
6
TODAY
2024/25 out of season mind occupier 2
Boss Hog
11
TODAY
Sky tv deals
karetaker
7
TODAY
2024/25 out of season mind occupier 1
Fantastic Mr
29
TODAY
New Kit
karetaker
62
TODAY
Memorable Games
Jake the Peg
12
TODAY
Hybrid rugby
moto748
11
TODAY
Pre Season - 2025
giddyupoldfe
119
NEWS ITEMS
VIEWS
England Beat Samoa To Take Tes..
618
England's Women Demolish The W..
558
England Beat Samoa Comfortably..
860
Operational Rules Tribunal –..
668
IMG-RFL club gradings released..
956
Wakefield Trinity Win Champion..
1448
Hunslet Secure Promotion After..
1688
Trinity Into Play Off Final Af..
1952
Wigan Warriors Crowned Champio..
1533
York Valkyrie Win Back to Back..
1801
Hunslet Book Relegation Play O..
2166
Penrith Panthers Secure Fourth..
1729
Wigan Humiliate Leigh For Gran..
1812
Hull KR Survive Warrington Fig..
1951
Warrington Wolves Break Saints..
2126