FORUMS > The Virtual Terrace > Salford & Koukash reveal 5.2m Record RL Loss |
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1217.jpg Knowledge flies you to the moon, religion flies you into buildings:1217.jpg |
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| When Dr K first came in there was great talk of building a retail/hotel complex around the stadium area and that being a part of the club's infrastructure providing extra revenue streams. That seems to have gone very quiet recently and I suspect has become mired in local authority politics coupled with Peel Holding's long term ambitions.
Unless that situation changes I fear for the long term future, however looking at the squad for next season, the improvements in the coaching side, better management and adminstration there is plenty to be cheerful about as a Salford fan
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Salford Red Devils RLFC.
[quote="Gotcha":y7izhg01]Salford won't win Super League in my lifetime. Even saying in jest they would sounds stupid.[/quote:y7izhg01]: |
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| It has nothing to do with the lack of supporters, of course we would like to have a few thousand more through the turnstiles but where the majority of clubs make vast amounts of income through corporate hospitality, events, catering, bar/snack sales etc we earn close to zilch (we do take a small cut of the match day corporate). The reason Koukash is continually banging on about increasing numbers of season ticket holders etc is because for Salford, that and sponsorship is the only genuine income stream we have. If we owned our own stadium, I guarantee you attendances wouldn’t be such a hot topic and Marwan would just accept the fans will come when the team produce.
At the moment, without the input of a wealthy owner such as Koukash the club just simply isn’t self-sufficient and viable hence why we were hours from going under. This is Marwan’s biggest task IMO as our chairman, it isn’t winning Super League or the Challenge Cup as eventually silly amounts of cash on good players will achieve that it’s about leaving the club with a prosperous future for years to come. Unfortunately the only way he is going to achieve that is by building us a new stadium elsewhere, or buying a majority share in the AJ Bell Stadium – both will cost millions.
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29100_1291104497.jpg 1/10:d7dc4b20b2c2dd7b76ac6eac29d5604e_29100.jpg |
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| A year or two back there was talk that Koucash was looking to buy the stadium. Is this now no longer the case?
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62513_1315488299.png [color=#0000FF:6eeyneer]ONE[/color:6eeyneer] [color=#FFFF00:6eeyneer]LOVE[/color:6eeyneer]
God bless the flag that I live under the colours of primrose and blue.:d7dc4b20b2c2dd7b76ac6eac29d5604e_62513.png |
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Quote: John Gilbert Reds "Unfortunately the only way he is going to achieve that is by building us a new stadium elsewhere, or buying a majority share in the AJ Bell Stadium – both will cost millions.'"
Do you reckon this is related?
www.manchestereveningnews.co.uk/ ... ew-6857690
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Quote: John Gilbert Reds "Unfortunately the only way he is going to achieve that is by building us a new stadium elsewhere, or buying a majority share in the AJ Bell Stadium – both will cost millions.'"
Do you reckon this is related?
www.manchestereveningnews.co.uk/ ... ew-6857690
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Salford Red Devils RLFC.
[quote="Gotcha":y7izhg01]Salford won't win Super League in my lifetime. Even saying in jest they would sounds stupid.[/quote:y7izhg01]: |
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| Not really. I believe they’re looking at a 3,500 capacity stadium for Swinton which before all the jokes start is obviously much lower than our 2014 average and therefore wouldn’t be suitable for Salford to ground share. In addition, I don’t think Salford City Council would be daft enough to approve planning for a stadium any greater in size knowing full well they could be left with a white elephant on their hands at Barton.
I think that is more a case of Koukash learning from the problems at Salford and wanting to ensure the same wouldn’t happen should he take over ownership of Swinton.
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| Quote: Him "Yep, I'm not having a go btw. I think a strong Salford is vital to the game and hopefully Koukash is in it for the long run. From what I've seen and heard it appears he is and I can't see why he'd spend so much money just to pack it in. I just hope he's investing in the right places (ie not just on the field) and has a plan for getting Salford on sustainable footing in the future.
Having said that it's only a year. It took Hetherington & Caddick years to get Leeds on a solid footing and Leeds, though in dire straits, were in much better shape than Salford were. So hopefully, to misquote Churchill, it might be the end of the beginning for Salford.'"
No worries, didn't think you were having a pop. I think you're right that we don't have the income streams yet to be viable and a big factor in that is the stadium. You're right that it is early days and there was a lot of investment required to improve on and off field facilities. So losses at the beginning are no surprise. Still more to do but we're in a much stronger position with both so hopefully we can start attracting more fans and more corporate spending. Koukash repeatedly says he's in it for the long term and if he wants a return on his investment he needs to be. He's made the right noises about his role being to resurrect the club but then to make it as close to self sustaining as possible. Let's hope he can do it
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6679_1399761959.png [quote="dally messenger":1gysl9ow]was watching an nfl doco. on one of their teams and they used the term bomb to describe those long high passes from quaterback to running back and i think gibson took that idea, realized you cant throw the ball forward in RL and adapted it to a "bomb" kick we have[/quote:1gysl9ow]
[quote="eels fan":1gysl9ow]You poor poor obsessed fat ex vichyballin potato thieving stoaway.[/quote:1gysl9ow]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6679.png |
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| Quote: garyhulsefan "Do you reckon this is related?
He had a 3 month exclusivity arrangement from March......has there been any further releases on this project?
I am puzzled as to how Salford only turned over 2.3 million? 1.6 from Central funding means that 700k is their entire income from tickets, shirts and sponsorship? 13 home games at 4,500 average at 12 quid a ticket and there's your 700k.....something isn't adding up here.......MediaCity are paying to be on the shirts aren't they? Surely they've sold a fair bit of gear in the shop?
As for the losses being sustainable, so long as he's prepared to write cheques then they will be OK.
Personally I think 2015 will be a definitive year for them......
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| Quote: gutterfax "He had a 3 month exclusivity arrangement from March......has there been any further releases on this project?
I am puzzled as to how Salford only turned over 2.3 million? 1.6 from Central funding means that 700k is their entire income from tickets, shirts and sponsorship? 13 home games at 4,500 average at 12 quid a ticket and there's your 700k.....something isn't adding up here.......MediaCity are paying to be on the shirts aren't they? Surely they've sold a fair bit of gear in the shop?
As for the losses being sustainable, so long as he's prepared to write cheques then they will be OK.
Personally I think 2015 will be a definitive year for them......'"
Central funding wasn't 1.6 million per club last year nor the year in question
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6679_1399761959.png [quote="dally messenger":1gysl9ow]was watching an nfl doco. on one of their teams and they used the term bomb to describe those long high passes from quaterback to running back and i think gibson took that idea, realized you cant throw the ball forward in RL and adapted it to a "bomb" kick we have[/quote:1gysl9ow]
[quote="eels fan":1gysl9ow]You poor poor obsessed fat ex vichyballin potato thieving stoaway.[/quote:1gysl9ow]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6679.png |
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| Quote: Daddycool "Central funding wasn't 1.6 million per club last year nor the year in question'"
How much was it then?
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| I'm sure a guy who has his business interests also has an accountant who can make a 5 million loss into an interesting deduction on his tax return.
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| Quote: gutterfax "How much was it then?'"
This year that ends with Decembers payment was 1.26 million. Off the top of my head I can't remember what last years was, but it would have been slightly lower then this
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32199.jpg :32199.jpg |
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| Not seen the accounts but there is probably a bit of a "getting all the bad news out of the way now" type scenario, whereby assets have been written down etc as a result of the purchase from admin. This way next year's accounts are only likely to be an improvement and everyone can say that Salford are "on the up". It may also be a bit of shock and awe to get the Salford "support" woken up to the fact that they need to get more people through the turnstiles/season tickets sold.
Obviously results like that aren't sustainable unless Koucash wants to bankroll them for ever more.
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17507_1286953982.jpg Know your Enemy:d7dc4b20b2c2dd7b76ac6eac29d5604e_17507.jpg |
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| Quote: roopy "I'm sure a guy who has his business interests also has an accountant who can make a 5 million loss into an interesting deduction on his tax return.'"
Bingo
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12637_1485957900.jpg Allez [color=#FF0000:1zzdnh0b]SANG[/color:1zzdnh0b]-et-[color=#FFBF00:1zzdnh0b]Or[/color:1zzdnh0b]
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| I have no particular interest of axe to grind with Salford.
However, if this guy is super rich and enjoying being part of the RL family (whatever that really means), he will be better off indulging in our sport as opposed to football for example.
That level of loss could be acceptable and written off if his wealth is sufficient.
I don't think the money is as much of an issue as the season ticket sales, which are the barometer of commitment from supporters.
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16208_1345534518.jpg [url=www.cater-bake.co.uk]Cater-Bake UK - Pizza and Bakery Equipment Specialists[/url]:d7dc4b20b2c2dd7b76ac6eac29d5604e_16208.jpg |
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| I'm not totally surprised by the slow ST sales at Salford.
I don't think they've adjusted for the change of location.
I am a Koucash fan, but I think he was a little naïve at the claims he was making early on and the expectations he continually expressed. It was made to look like a circus by them falling short on the field.
I believe that he loves rugby league and being a part of it. Now's the time to get into the slow and steady mode.
I'm informed that he's made investments into the local grass roots system. If he wants to chuck money about, perhaps plans like investing in the facilities at somewhere Eccles ARL (just over the road) would be a good way to go, creating a real attraction for the local kids to join the minis/jumior section. The community need to start to love rugby league as much as he does.
Did he get anywhere trying to buy Oldham?
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