FORUMS > St. Helens > Saints financial woes |
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| Quote: BackrowSaint "Rogues Gallery wrote
Quote: BackrowSaint "I'm sure we will. There is no way the accounting report would have been allowed to get signed off without acknowledgement of the HMRC investigation.
I'm not entirely sure and it sounds like saint at wire would be able to elaborate but I think this in itself is an offence if it was to occur?'"
I'm not an expert on company law but yes it is an offence under Section 418 of the Companies Act 2006 for any Director to not disclose "relevant audit information" to the auditors i.e. this type of thing. Our Auditors are Baker Tilly the 8th largest UK audit company so would not put up with any "funny business" or messing about from directors.
It is also a requirement thar each director ensures that he/she has taken all steps possible to find out about any such shenagans.
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| Quote: Rogues Gallery "Warrington didn't do it last year, but have this.'"
It sounds a bit obvious, but perhaps in 2008/09 they were not under investigation but in 2009/10 they were?
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| Yeah I thought it was, I think it's a case of move along nothing to see here.
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| When will this petty squabbles stop between clubs, more and more it reminds me of little girls in the school yard!
I Respect Wigan for the way they have marketed matches both my full size double posters and TV advertising along side promotions which attract younger rugby league teams which means parents. I think everyone I know saw the TV commercials and each time they were rewarded with attendances bigger than the new stadium will be!
St Helens used to at least have small poster sites years ago many on pub car parks and around the town but when did they last do that?
I trained in marketing as part of my 21 year career in commercial radio. I managed to get the radio station to sponsor a top game and of course we got a box (we had full time boxes at the two football clubs) I picked the advertisers to invite some national that came from London at our expense, what did they witness a good exciting game, but twice officials coming into the box arguing or perhaps debating with me my choice of man of the match, none of the guests wanted to select as they said they did not know much about rugby, they wanted me to select a new player in his first match.
I am sure there are mistakes made in marketing at all clubs and the way they run merchandise sales we have so much to learn from other major sports, no club can rely any longer on gate receipts alone and the other income of the club lottery can't compete with the UK Lottery prizes, so we have to learn from each other and be on Top so every income channel is completely maximised.
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| So in summary, as saint at wire has shown to Rogues Gallery, a little bit of knowledge is a dangerous thing.
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| Apologies if this has been posted elsewhere, but it gives an interesting reflection on the financial problems we've been dealing with.
rlTony Colquitt in the Liverpool Daily Post yesterdayrl
I'd love to know quite how our salary costs have risen by £400k, given that the cap has been static for some years now. Bring on the new stadium.
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| Quote: Dux "Apologies if this has been posted elsewhere, but it gives an interesting reflection on the financial problems we've been dealing with.
rlTony Colquitt in the Liverpool Daily Post yesterdayrl
I'd love to know quite how our salary costs have risen by £400k, given that the cap has been static for some years now. Bring on the new stadium.'"
My understanding is that the cap relates to the first team squad, not backroom staff, chief exec, coaches etc. Ex players like Cunningham and scully must be on a fair wedge in jobs that werent there before?
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| Quote: SomersetSaint "My understanding is that the cap relates to the first team squad, not backroom staff, chief exec, coaches etc. Ex players like Cunningham and scully must be on a fair wedge in jobs that werent there before?'"
I suppose. But £400k?
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| Quote: Dux "I suppose. But £400k?'"
Has Eamon got a new Ferrari?? As players, I would expect Cunningham and Scully to be earning well over £100k each. I can't see them settling for £20k a year now.
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| I do think its an issue. We had great players but we have to pay the going rate for back room staff not for players second careers. Unless this is some unwritten contract from SL. Not that Im suggesting we would circum navigate the cap.
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| Quote: Dux "I suppose. But £400k?'"
The increase is £389K which is an 11% increase on the previous year. Playing & Coaching Staff no's have also gone up by 10.5% (from 84 to 93) so that seems logical.
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| Quote: saint at wire "The increase is £389K which is an 11% increase on the previous year. Playing & Coaching Staff no's have also gone up by 10.5% (from 84 to 93) so that seems logical.
Have we noticed a 10% improvement as a result?
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| Quote: saint at wire "The increase is £389K which is an 11% increase on the previous year. Playing & Coaching Staff no's have also gone up by 10.5% (from 84 to 93) so that seems logical.
9 new (presumably non-playing) roles at an average wage of around £40k seems unduly extravagant to me.
Regarding the earlier post about Scully and KC, no way should they be on anything like their playing wages. No other club would pay £100k plus on an assistant conditioner, so why would we?
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Club Owner | 8627 | |
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Quote: Dux "9 new (presumably non-playing) roles at an average wage of around £40k seems unduly extravagant to me.
Regarding the earlier post about Scully and KC, no way should they be on anything like their playing wages. No other club would pay £100k plus on an assistant conditioner, so why would we?'"
www.smh.com.au/rugby-league/leag ... -tq4a.html
...not that I would accuse our fine club of doing anything similar.
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Quote: Dux "9 new (presumably non-playing) roles at an average wage of around £40k seems unduly extravagant to me.
Regarding the earlier post about Scully and KC, no way should they be on anything like their playing wages. No other club would pay £100k plus on an assistant conditioner, so why would we?'"
www.smh.com.au/rugby-league/leag ... -tq4a.html
...not that I would accuse our fine club of doing anything similar.
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| I keep saying it but since we received the Sky monies the game has gone crazy and spends money as if it is going out of style, okay nothing like football.
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