FORUMS > The Virtual Terrace > Wigan make massive loss |
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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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| Quote: boomer "Tiger, can you please tell us how big the Giants and devils losses were?'"
Giants 1.05 million
Salford 1.35 million
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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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| Well you turned a Leeds £148,199 profit in to a £260k loss so I can only assume Huddersfield made about half a million in profit
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| Quote: Tigerade "That article is misleading - Rhino's losses were 260K for 2016.'"
Not sure where you've got that from. Leeds made a profit in 2016, for the 13th time in 15 years.
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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: Gronk! "That's because Man City are owned by people who have essentially unlimited money.'"
Yeah I know that's the point I'm making nobody gets into sport to make a profit because so few teams make one PL teams are loss making status symbols really RL teams in SL are propped up by people who expect to make a loss and do it for the love of the club really it would help if sky paid a decent amount for he rights
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| Financially the scariest competition is the Football Championship (the BBC online ran a great article a while ago showing the revenues, profits and losses for every team). Its basically a big casino where owners are betting on making the Premiership. As a result its massively loss making almost across the board to an extent that literally dwarfs RL. That's fine so long as the owners can afford the losses, which is exactly the same for RL, RU and probably almost all pro sport outside the US.
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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'"
2/3 of PL teams made a net operating profit in 2015/2016
https://www.theguardian.com/football/20 ... ub-by-club
Totals for all clubs 2015-16
Turnover £3.649bn (up from £3.4bn in 2014-15)
Wages £2.247bn – 61% of turnover (Up from £2bn, 60% of turnover, in 2015)
Profit/loss
Twelve clubs made profit: £153m
Eight clubs made loss: £270m
Overall loss: £117m (was a £113m profit overall in 2015)
Obviously some teams have a mountain of debt, however quite a few teams have no debt at all.
What would be interesting is how much tax is taken by HMRC from the Premiership given most of the owners have their holdings of the clubs registered in tax free havens, then you have the players at the top of the pile all no doubt with crafty accountants and companies set up so they can evade paying full tax on their ludicrous wages.
Soccer literally sucks massive amounts of money out of the countries coffers more ways than one.
Whilst some clubs in RL are in the quag, I'd take our sport and how relatively 'clean' it is over that grimy corrupt business anyday. I'd never give soccer my money knowingly. (I acknowledge that some taxpayers money goes into all sorts of aspects of sport including that lot)
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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'"
2/3 of PL teams made a net operating profit in 2015/2016
https://www.theguardian.com/football/20 ... ub-by-club
Totals for all clubs 2015-16
Turnover £3.649bn (up from £3.4bn in 2014-15)
Wages £2.247bn – 61% of turnover (Up from £2bn, 60% of turnover, in 2015)
Profit/loss
Twelve clubs made profit: £153m
Eight clubs made loss: £270m
Overall loss: £117m (was a £113m profit overall in 2015)
Obviously some teams have a mountain of debt, however quite a few teams have no debt at all.
What would be interesting is how much tax is taken by HMRC from the Premiership given most of the owners have their holdings of the clubs registered in tax free havens, then you have the players at the top of the pile all no doubt with crafty accountants and companies set up so they can evade paying full tax on their ludicrous wages.
Soccer literally sucks massive amounts of money out of the countries coffers more ways than one.
Whilst some clubs in RL are in the quag, I'd take our sport and how relatively 'clean' it is over that grimy corrupt business anyday. I'd never give soccer my money knowingly. (I acknowledge that some taxpayers money goes into all sorts of aspects of sport including that lot)
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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: knockersbumpMKII "2/3 of PL teams made a net operating profit in 2015/2016
How many of those clubs who make a profit really do and don't just have rich owners writing them off
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| How rich are Premiership and Championship football club owners compared to Super League club owners?
How many rich people would like to own a football club compared to how many would like to own a rugby league club?
That's our problem with most clubs losing lots of money.
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| Frankly I don't know where any of you are getting your figures from.
There is operating profit and loss which I assume is what most of you are on about. However it's a fairly meaningless figure as it encompasses all sort. Transfers and prize money and anything else that happened that financial year. Truth is a good accountant can make those figures look any way you want them to look. So mr Cas fans or Leeds fans who think they know probably don't and would probably be better getting off their high horses.
So long as taxes are paid and the overdraft is serviced it's basically a so what issue.
The one that matters is historic debt. That's the one that really counts, that's the one that takes clubs down.
The minute Ken Davy or Marvin or whoever pull the plug or worse call back their loans then you are stuffed. That's what sunk the Bulls and what did for Trinity when Ted bailed and Glover soon after. I wish anyone all the best trying to find out what any Limited companies historical debt really is.
If that's not about to happen at Wigan then their current operating loss/debt is very serviceable. It's not great but that's pro sport.
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| Isn't Ian Lenegan worth like 200-300million? That's more then the owners of Hull City who were a premier League club last season.
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[b:3w2ur1db]Superleague Titles[/b:3w2ur1db]
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[quote="Budgiezilla":3w2ur1db]Surely it can only be a player from Catalans. Probably the best RL side I have ever witnessed in this season's comp.[/quote:3w2ur1db]: |
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| Quote: Sir Kevin Sinfield "How rich are Premiership and Championship football club owners compared to Super League club owners?
How many rich people would like to own a football club compared to how many would like to own a rugby league club?
That's our problem with most clubs losing lots of money.'"
I know for a fact that certain league one owners are richer than all the super league owners put together
Regards
King James
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