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Quote: Tre Cool "Don't the Dragons get financial support from the local council/govt. That happens a lot with French sport and never happens over here so you can't really model on that.'"


Hull FC are getting plenty of help from the council, 140k pound a year in seats the smc have to buy from FC as part of the KC stadium agreement signed off by the council.
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Quote: CM Punk "Indulge me, I could do with a laugh this morning.'"


Well ...

Leeds (though tied in with the cricket) overview:
companycheck.co.uk/company/00028301
~15million net worth

Saints overview:
companycheck.co.uk/company/00331905
~14million net worth

Wigan overview:
companycheck.co.uk/company/00174 ... UB-LIMITED
~ -2million net worth

Chuckle away
Quote: CM Punk "Indulge me, I could do with a laugh this morning.'"


Well ...

Leeds (though tied in with the cricket) overview:
companycheck.co.uk/company/00028301
~15million net worth

Saints overview:
companycheck.co.uk/company/00331905
~14million net worth

Wigan overview:
companycheck.co.uk/company/00174 ... UB-LIMITED
~ -2million net worth

Chuckle away
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Quote: Magic Superbeetle "Well ...

Leeds (though tied in with the cricket) overview:

5,000,000 in Liabilities? such as?
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also 10,000 in cash? sure.
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It's what the company's have end of year registered ... I didn't make it up it's what your company posted
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Quote: dubairl "5,000,000 in Liabilities? such as?'"

It's closer to 6,000,000 actually
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Quote: Magic Superbeetle "It's what the company's have end of year registered ... I didn't make it up it's what your company posted'"


Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.
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Quote: dubairl "Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.'"

Don't wore it'll be a little tax plan by IL . Wigan are hardly on the breadline
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Quote: Saint Simon "Don't wore it'll be a little tax plan by IL . Wigan are hardly on the breadline'"


I think your right. I can't see IL telling people Wigans financial future is safe with only 10,000 in cash and close to 6,000,000 in liabilities.

And i don't think anybody can accuse wigan of being run poorly.
Him
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Quote: Magic Superbeetle "Well ...

Leeds (though tied in with the cricket) overview:
The Leeds one is just the RL club, the cricket are separate.
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Quote: dubairl "Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.'"


These are what the club publish with company house, all the website does is show you the overview (to make those interested buy more in depth reports) so yes, it's verified by the club, as it's the club who posted the figures.

Cash is a taxable asset, which is why no club should be posting large cash sum values.

The best way to put it is Wigan have the most they can hide from the taxman, as opposed to any specific liabilities - but there are more inherent risks with fluid cash (not so say that will affect wigan in any way under the current regime, but a lot more risk with poor management)
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I don't think we're going bust any time soon.
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Quote: Magic Superbeetle "............

Cash is a taxable asset

'"


Really?

And I always though corporation tax was paid on profit.
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Quote: BartonFlyer "Really?

And I always though corporation tax was paid on profit.'"


As google/ Starbucks proved - making a profit and being taxed are two different things icon_wink.gif
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Quote: Magic Superbeetle "As google/ Starbucks proved - making a profit and being taxed are two different things
Couldn't agree more, but that has nothing to do with "cash at bank" which is what you were implying.
64 posts in 5 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint



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