| FORUMS > The Virtual Terrace > Wigan make massive loss |
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For the second year running Wigan have posted a very large loss. They lost over £600k in 2016 despite winning the grand final. It doesn't bode well for the game if the 2nd biggest club can't even run at a profit. We need to make our game more international, to draw in major sponsors and stop looking to small mining towns if Super League is to survive as a professional league.
www.wigantoday.net/sport/rugby-l ... -1-8761858 |
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For the second year running Wigan have posted a very large loss. They lost over £600k in 2016 despite winning the grand final. It doesn't bode well for the game if the 2nd biggest club can't even run at a profit. We need to make our game more international, to draw in major sponsors and stop looking to small mining towns if Super League is to survive as a professional league.
www.wigantoday.net/sport/rugby-l ... -1-8761858 | |
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:Black Backgrounds/Animal.gif |
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Live within your means. Not hard is it?
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It's typical of three quarters of all SL clubs unfortunately with only Cas Tigers, Hull FC and Widnes Vikings posted a bit of a profit for last year. Whilst 600K is massive it's nowhere near as big as either Hudd's or Salford's losses. How long can it go on for before the straw breaks the camels back ?
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That article is misleading - Rhino's losses were 260K for 2016.
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[b:1zy5cey6]"...To those people that wrote this team off...
to all those that criticised this team...
tonight's for you"
[/b:1zy5cey6]
[i:1zy5cey6]Sir Kevin Sinfield[/i:1zy5cey6]:27794.gif |
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| Quote: Tigerade "It's typical of three quarters of all SL clubs unfortunately with only Cas Tigers, Hull FC and Widnes Vikings posted a bit of a profit for last year. Whilst 600K is massive it's nowhere near as big as either Hudd's or Salford's losses. How long can it go on for before the straw breaks the camels back ?'"
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Tigerade "That article is misleading - Rhino's losses were 260K for 2016.'"
The Rhinos profit after taxation was £148,119. |
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Land of the GIANTS: |
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Tiger, can you please tell us how big the Giants and devils losses were?
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Freedom for supporters of the government, only for members of one party - however numerous they may be - is no freedom at all. freedom is always and exclusively for one who thinks differently.
Rosa Luxemburg, 'Die russiche Revolution'.:Black Backgrounds/Zoot.gif |
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It's the £400k ground rental that makes my eyes water, and I wouldn't imagine that they get anything from the bars etc.
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einstien said insanity is when a person does the same thing over and over again but expects a different result: |
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| Quote: Sir Kevin Sinfield "For the second year running Wigan have posted a very large loss. They lost over £600k in 2016 despite winning the grand final. It doesn't bode well for the game if the 2nd biggest club can't even run at a profit. We need to make our game more international, to draw in major sponsors and stop looking to small mining towns if Super League is to survive as a professional league.
Manchester City won the league and posted a loss of 300 million nobody is saying it doesn't bode well for football there are hardly any sports teams that run at a profit
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| Quote: fun time frankie "Manchester City won the league and posted a loss of 300 million nobody is saying it doesn't bode well for football there are hardly any sports teams that run at a profit'"
Football grows every year. Prem teams are usually owned by some mega rich person who uses it as their hobby. RL teams are usually run by wealthy small business owners and as a sport is stagnating. |
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Moderator
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imagine having to fund two underperforming marquee players with that as well.
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| Quote: The Biffs Back "So Tigerade you've chosen a selective season to highlight what in your words are Rhinos Losses of £260K for the year whilst only Cas, Hull FC and Widnes have made a profit in order to say that you are one of the clubs that make a profit ![]()
Typical Cas fan think their clubs the dogs after one good season, so what if they posted a profit as stated above they were going under until the Daryl Clarke deal.
Leeds been financially stable and profitable for 20 years. they will almost likely run at a loos for next 10 years due to good debt regarding the ground redevelopment. plus my understanding was rhinos made a loss of profit from previous years but not an overall loss, ie in business talk a loss in simply were your below your projected income.
i do worry about salford and Huddersfield, and wigan's loss is alarming as that sort of loss when you don't even own your own assets is concerning.
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| Quote: fun time frankie "Manchester City won the league and posted a loss of 300 million nobody is saying it doesn't bode well for football there are hardly any sports teams that run at a profit'"
That's because Man City are owned by people who have essentially unlimited money. |
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| Quote: Fantastic Mr Catpiss "imagine having to fund two underperforming marquee players with that as well.'"
This is ultimately the biggest kick in the teeth about it all. |
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