Quote Mrs Barista="Mrs Barista"Seems like 2009 was a marginally better year financially for some clubs. In 2008, the only club (I think) to make a profit was Hull FC. The league table of profit/loss for 2009 is as follows (assuming I've got the right entities) and shows 4 clubs in profit and a further 3 with a loss < £100k (although I'm being a bit generous with Wigan and using their pre impairment/depreciation/interest number). Leeds profit is before a hefty exceptional income of £3m from a transaction with Yorkshire CC. The average loss excluding Harlequins, which IMO distorts the underlying picture, is -£103,630.
Leeds 720,871
Warrington 159,514
Hull FC 77,141
Castleford 26,679
Salford -19,651
Wigan -40,715
Bradford -72,209
Wakefield -202,379
Huddersfield -823,739
St Helens -861,810
Harlequins -1,936,804
Average excluding Harlequins -103,630
This excludes clubs whose accounts are overdue, ie Hull KR and Crusaders.'"
Why does Harlequins distort the "underlying picture" but Leeds does not?
The Mean excluding both Harlequins and Leeds is more like -195,000 almost double the figure compared with excluding only Harlequins. Given both HKR and Crusaders are likely to post losses (of varying degrees) the profit posted by Leeds may well be considered the more exceptional of the two figures.
As it stands Harlequins losses are 2.25 times the second highest posted loss (Saints) and 2.35 times the third highest (Hudds)
Leeds profits are 4.5 times the second highest profit figure (Wire) and 9.4 times the third highest (FC)
That suggests to me that actually the profit posted by Leeds is way more distorting on the average results than Quins loss. Excluding only Leeds the Mean average then becomes -369,000.
Regards.
Poindexter.