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Is 3 million per club really that bad? (quoted in the article) but even if you straight average it, its just shy of 5 million each.
any club bringing in 10000 average gate should really have over that in income every year anyway, so its more than servicable for most, but some of the clubs with smaller incomes will struggle.
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| Player Coach | 6858 | Leigh Centurions |
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| Quote Saint Simon="Saint Simon"Is 3 million per club really that bad? (quoted in the article) but even if you straight average it, its just shy of 5 million each.
any club bringing in 10000 average gate should really have over that in income every year anyway, so its more than servicable for most, but some of the clubs with smaller incomes will struggle.'"
What could saints debts be with the cost of building the stadium plus general running costs? |
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Have clubs taken on extra long term debt in order to build/improve stadia?
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| International Star | 5123 | Castleford Tigers |
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Cas Tigers are about 2.5 million in debt owned mainly to directors and mostly Jack Fulton the chief benefactor. This does'nt include 2012's accounts (which I'm expecting to be bad). If 3 clubs are well in the black presumably Wigan, Leeds and Warrington this leaves the other 11 with debt's averaging 6.2 million each. This cannot be right can it ?
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| Quote Saint Simon="Saint Simon"Is 3 million per club really that bad? (quoted in the article) but even if you straight average it, its just shy of 5 million each.
any club bringing in 10000 average gate should really have over that in income every year anyway, so its more than servicable for most, but some of the clubs with smaller incomes will struggle.'"
And that's the problem. At a quick guess I'd say there's prob only Leeds, Wigan, Hull FC, Wire and Saints who get a 10,000 average. Plus it's the extras the really knock the income up. The corporates, the hospitality, the club sponsors, the merchandising and the non-matchday income. Which is something that a lot of clubs are appalling at bringing in. |
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| Quote J O N N Y="J O N N Y"Have clubs taken on extra long term debt in order to build/improve stadia?'"
most definately - a good example been Wakefield. Losses of 1.2 million for 2011 due mainly to ground improvements. |
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| Quote Tigerade="Tigerade"most definately - a good example been Wakefield. Losses of 1.2 million for 2011 due mainly to ground improvements.'"
So not exactly the height of reckless spending then? |
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Issues I have with article is show us the details, show is how it compares to other sorts for fair comparison of the reality of prof sport and tell us which clubs are at risk due to their debts. But then easier to kick the game, add to the public perception of a failing code and sensationalise the real issues with words like abyss.
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| International Star | 5123 | Castleford Tigers |
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| Quote J O N N Y="J O N N Y"So not exactly the height of reckless spending then?'"
No - nothing reckless. The improvements had to be made to satisfy the RFL and the licence. |
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| Player Coach | 9426 | Leigh Centurions |
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| Quote Him="Him"And that's the problem. At a quick guess I'd say there's prob only Leeds, Wigan, Hull FC, Wire and Saints who get a 10,000 average. Plus it's the extras the really knock the income up. The corporates, the hospitality, the club sponsors, the merchandising and the non-matchday income. Which is something that a lot of clubs are appalling at bringing in.'"
And Bradford, plus Cats are only a few hundred off. |
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Super League clubs are facing combined debts of £68.5m, a BBC Inside Out investigation alleges.
Compared to the combined debt in Football of £2.4 BILLION, and with annual losses of £130m in the Football championships, £68.5 million is a drop in the ocean.
READ MORE ON THIS STORY.... |
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Super League clubs are facing combined debts of £68.5m, a BBC Inside Out investigation alleges.
Compared to the combined debt in Football of £2.4 BILLION, and with annual losses of £130m in the Football championships, £68.5 million is a drop in the ocean.
READ MORE ON THIS STORY.... | |
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Which two sl clubs are charitable trusts ?
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