Quote: Leaguefan "is not as healthy, I would suggest as people make out!
Now the Cougars are having "difficulties" albeit somewhat smaller than a lot of clubs ( see the Cougar forum/website for details).
If the "top club" can only show a profit by selling assests to make the balance sheet show such things just how bad is it at other clubs.
How on earth do the Bulls, for example, believe they can afford to ship money overseas ( lost to the game here forever) and show a "profit"?
The game is also on the precipice of following the "Marks & Spencer" financial model of making companies go to the wall!!
For those who need to know it basically is that companies got good deals from Mark's and built their business around the good contracts Come rengotiation Mark's always wanted more but for an awful lot less. For some time a business could cope but without other sources of income found it hard.
Come renegotiation again, Mark's would again want more for less, which the businesss couldn't provide so Mark's went elsewhere. The lone supply companies went to the wall.
To me RL is in a similar boat and if clubs are in financial "difficulties" now, if the the same situation occurs then it is gonna be a right mess.
The future of the game , in it's present guise, is not looking that good and that cannot be a good thing. In the current financial climate the professional game in this country is standing on the edge IMO.
That I find very disconcerting!'"
If we are ignoring the one-off income of the sale of assets, then we should also ignore the one off investment in the southstand, which mean Leeds would again be making a Profit, GH and Co also grew the business by nigh on a million pounds last year
Hull FC and Bradford had fine financial results, Wigan isnt too bad but has needed restructuring a fair bit which will cost,
Wire and Hudds have clearly got the backing and now, infrastructure, if they stay patient, growth will follow
what we are seeing isnt 'the game' in bad shape, its the traditionally smaller clubs left behind as the game grows as we always knew they would,
Saints have the potential to catch up, but it is entirely dependant on a new stadium, Salford also clearly need a new stadium which should give them the impetus and opportunity for rapid growth,
Hull KR are in a strange position as they have racked up pretty big debts to promote very rapid growth, however the place they need to be to sustainable and make some dent in those debts is further on to where they are now in terms of support and facilities, they also would be hoping the support follows after better facilities but have already admitted they cant really get from where they are to where they need to be without help,
Wakefield and Castlefords two biggest problems are their stadia and each other. Castleford have never made that break through into that top tier were they regularly look like challenging, they have a hardcore of support which is fairly good, but dont have the a huge amount of growth potential and have never looked like a club which will grow massively from where it is now. Wakefield have lurched from crisis to crisis throughout their SL life. IMO they have more potential than Cas and have the potential to unite the district and finally give it the team it can be proud of and the team the young players in the district deserve. However they have yet to execute anything of note in SL, the squad is packed with Aussies, and they seem pretty insecure financially, both are also desperate for their new stadia
( i have left out the expansion clubs in an attempt to keep the topic at least a little on track)
what i am trying to say is the game doesnt look that unhealthy, out of those clubs, more than half (6) look to be in a fine position, one would almost certainly be if they can sort out their stadium, another has huge potential if it can get its stadia sorted and tap into the huge market on its doorstep
one club on anothers doorstep who have grown massively, have decent crowds but are struggling for investment to take them to the next level in the biggest economic meltdown for many a year
then we have Wakefield and Castleford who both seem to be at a crossroads where big questions need to be asked, and they need to be brave enough to ask them
all in all, it doesnt strike me as a game in trouble but a few clubs