FORUMS > Salford Red Devils > Clubs Finances |
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| Quote: Marshy1 "I hear all this talk about how a new stadium will boost crowds but surely you have to factor in the lost spectators who maybe just can't get to Irlam, you know the kind the old guy who would maybe walk to the Willows.
The old guy could get on a bus to Barton,probably with his bus pass.
There will be other old guys who will go to Barton but wouldn't come to the Willows.
Also earlier in the thread someone stated that your club offers a try before you buy scheme...very admirable but in reality those people are going because it's free and that scenario will continue as people will go just to have a nosey.
The club is criticized for not trying any initiatives and they are equally criticized when they try something.
The only real way that your club will benefit is to get the on field product right, I was speaking to a mate who is /was a reds regular he hasn't been this season since he was charged £20 to watch the Warrington game.He prior to two seasons ago had always been a season ticket holder, those fans will only return when they feel they get value for money and with respect no amount of shiney new stadia will offer that, only a winning team that is challenging the top teams.'"
The on field product is a key element in increasing your crowd base although I have heard of some regular fans who have stopped coming and when I asked when they last came it was 15 years ago, they cannot be classed as a regular fan in my opinion.
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| The club is kept afloat, and has been for many years, through JW and the directors , with assistance in last couple of years from the council, who will recoup this once the retail elements are built. The costs of running the new ground will be in excess of a million pounds per annum, which would have been a huge drain on the club moving forward. The deal i believe is we pay a rent, we get money from gate admission and corporate hospitality, but get nothing from the bars or snack bars. Ideally if Sale move in , then logic would say that our rent would be halved. The key for the future is to try and bring new blood into the boardroom, {preferably with lots of money} and try and get new sposors, as obviously the more income we can get from off field activities helps with what we can spend on the salary cap. This in turn should mean we attract better players, play more attractive football and be more successful , which should bring more fans through the gates. Lets Hope!!!!
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May 2007 | 18 years | |
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33469.jpg IF WIDNES DESERVE A PLACE IN SUPER LEAGUE.......THEN THE POPE IS JEWISH!:33469.jpg |
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| Barker picking out more stories off here i see !I Was informed during our game with quinns off a very reliable source regerding players not being paid!!
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| So where does this reliable source get info?!surely if there was stuff like that ratchford wud have said he's going wire?!why wud he stay with financial probs!the team spirit seems good for a team with financial problems!just bugs me,clubs trying to move forward, new coach,new ground,and people are on here saying were not paying players,show me proof and I will believe it!jeez!
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Player Coach | 961 | No Team Selected |
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Sep 2006 | 18 years | |
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| Quote: wardleyred "Barker picking out more stories off here i see !I Was informed during our game with quinns off a very reliable source regerding players not being paid!!'"
Are you sure that you are not Neil Barker? His sources seem very like your own.
Now I heard from a very good source that Rob Parker was going on loan to Castleford and that was before Parker new about it.
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Player Coach | 987 | No Team Selected |
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Feb 2006 | 19 years | |
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A.Marshall: |
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| Quote: wardleyred "Wilky is bank rolling the club end of!!! and wont do it for ever....how on earth you can run a super league club on 3000 gates with at least 1000 of them getting in for nowt on the ridiculous try before you buy scheme that has left paying season ticket holders fuming all season,is beyond me !'"
Just playing devils advocate her, but there is an interesting article in the finance pages of tonights MEN, stating that Mr Wilkinsons company has sucessfully applied for a loan to "finance Expansion".
One wonders.!!!
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Dec 2002 | 22 years | |
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3596.jpg this will not be the end, or even the beginning of the end.
It is merely the end of the beginning
[img:1mcv36at]http://homepage.eircom.net/~bray/em/oguinn.gif[/img:1mcv36at] [img:1mcv36at]http://homepage.eircom.net/~bray/em/msperv-l.gif[/img:1mcv36at]:3596.jpg |
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| Quote: ellery on ice "So where does this reliable source get info?!surely if there was stuff like that ratchford wud have said he's going wire?!why wud he stay with financial probs!the team spirit seems good for a team with financial problems!just bugs me,clubs trying to move forward, new coach,new ground,and people are on here saying were not paying players,show me proof and I will believe it!jeez!'"
Did anyone say they don't get paid? Sometimes the players get paid on time, sometimes they don't. They do get paid though!
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Rank | Posts | Team |
Player Coach | 961 | No Team Selected |
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Sep 2006 | 18 years | |
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| Quote: Marshy1 "Just playing devils advocate her, but there is an interesting article in the finance pages of tonights MEN, stating that Mr Wilkinsons company has sucessfully applied for a loan to "finance Expansion".
One wonders.!!!'"
Nothing wrong with businesses borrowing to expand if it is done for the right reasons,if you read the full article it is very complimentary towards Wilkinson Star Ltd.
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: brian52 "The club is kept afloat, and has been for many years, through JW and the directors , with assistance in last couple of years from the council, who will recoup this once the retail elements are built. The costs of running the new ground will be in excess of a million pounds per annum, which would have been a huge drain on the club moving forward. The deal i believe is we pay a rent, we get money from gate admission and corporate hospitality, but get nothing from the bars or snack bars. Ideally if Sale move in , then logic would say that our rent would be halved. The key for the future is to try and bring new blood into the boardroom, {preferably with lots of money} and try and get new sposors, as obviously the more income we can get from off field activities helps with what we can spend on the salary cap. This in turn should mean we attract better players, play more attractive football and be more successful , which should bring more fans through the gates. Lets Hope!!!!'"
Sounds identical to our situation at the LSV , one point about the corporate , at Hilton Park we filled the corporate ( 120 covers ) virtually every match and made good money from it as it was reasonably priced , better quality than the LSV and most importantly the drinks were ' normal ' prices .
We now struggle to get people into the corporate at the LSV because the price is more , the food worse and the drinks exorbitant ' relatively ' , we also make less per head out of it , you might well find something similar
Your main revenue stream will be numbers through the gates , you will need massive and long term investement to build your numbers , early doors extra away fans will bolster the numbers , but ultimately that is what will make or break the move to Barton
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4922_1302712061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_4922.jpg |
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| Quote: Marshy1 "Just playing devils advocate her, but there is an interesting article in the finance pages of tonights MEN, stating that Mr Wilkinsons company has sucessfully applied for a loan to "finance Expansion".
One wonders.!!!'"
A statement like that makes me wonder if you are Malcolm White with all the financial knowledge that caused the sale of Station Road? either that, or being deliberately mischievous
The NWBF is a commercially operated fund that lends to businesses who want loans in what is often called the 'equity gap'. This is where a business wants an expansion/growth loan but because equity investors tend to not operate below a £2 - £2.5m investment threshold there is a gap in the market where the NWBF sub-funds step in. Hence, the NWBF is a good source of investment finance for any business able to present a growth/expansion business case.
A business receiving a loan for "finance expansion" is very good news for the business!!!! so wonder not.
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A.Marshall: |
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| Quote: mmp "A statement like that makes me wonder if you are Malcolm White with all the financial knowledge that caused the sale of Station Road? either that, or being deliberately mischievous
The NWBF is a commercially operated fund that lends to businesses who want loans in what is often called the 'equity gap'. This is where a business wants an expansion/growth loan but because equity investors tend to not operate below a £2 - £2.5m investment threshold there is a gap in the market where the NWBF sub-funds step in. Hence, the NWBF is a good source of investment finance for any business able to present a growth/expansion business case.
A business receiving a loan for "finance expansion" is very good news for the business!!!! so wonder not.'"
Wash your mouth out with soap sir.!! Malcolm White indeed.
Time will tell if your assumption is correct or not after all would the companies own bank not be the first port of call. I do accept that the lending criteria of most banks is extremely rigid but one wonders that if the business is financially sound then they wouldn't have a problem.
I do take on board your comments regarding the NWBF being a good source of investment but the "financial expansion " can cover a multitude of sins.
There is that mischevious side comming out again. lol
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4922_1302712061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_4922.jpg |
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| Quote: Marshy1 "Wash your mouth out with soap sir.!! Malcolm White indeed.
Time will tell if your assumption is correct or not after all would the companies own bank not be the first port of call. I do accept that the lending criteria of most banks is extremely rigid but one wonders that if the business is financially sound then they wouldn't have a problem.
I do take on board your comments regarding the NWBF being a good source of investment but the "financial expansion " can cover a multitude of sins.
There is that mischevious side comming out again. lol'"
The NWBF terms can be preferential to those of the bank when it comes to expansion/investment loans as opposed to just a general working capital loan. The point being you go the bank generally formore short-term loans whereas for a longer term loan (investment) then you'd want equity finance which is genarally not available below £2m. A bank judges you on your ability to re-pay and charges interest accordingly (using a rediculously mechanical approach these days but that is another story!), investment monies are offered based on a risk based judgement of an ability to expand/grow the business often meaning the terms are better. That's partly what would make me think it a good thing if looking at the business as an outsider - an ability to obtain investment capital over general cash loans shows a longer term confidence by the funding provider - it also makes commercial sense to the recipient as the terms will be better.
as for "Finance expansion" in explanation marks again. I'm guessing you don't know the funding rules and criteria of NWBF and the sub-funds (and why would anyone really unless they've had to?!). They are restricted from what I would call 'cash-flow' deals due to the nature of the NWBF and the the financial instrument mechanisms that established it (which is what I worked on).
Back to the thread...
The fact that Salford are still going when the likes of Oldham, Rochdale, Swinton, Widnes etc. have been through what they have over the years should give confidence to us that those running the club will do what uis right. It is a business - and hence, quite rightly it shouldnt be plastered all over our forums and we as just fans have no intrinsic 'right' to know the fine details. Being even more harsh - most of us wouldnt understand the fine details anyway! All this thread shows is that 'guessing' or 'insinuating' from scraps of information or even rumours is pointless.
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986.jpg "In his autumn before the winter comes man's last mad surge of youth." "What on earth are you talking about?":986.jpg |
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| I'm surprised this sort of poop stirring hadn't surfaced earlier, but we are a little over three weeks from the Franchise decision day so expect more.
Have a bit of faith.
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A.Marshall: |
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| Quote: mmp "The NWBF terms can be preferential to those of the bank when it comes to expansion/investment loans as opposed to just a general working capital loan. The point being you go the bank generally formore short-term loans whereas for a longer term loan (investment) then you'd want equity finance which is genarally not available below £2m. A bank judges you on your ability to re-pay and charges interest accordingly (using a rediculously mechanical approach these days but that is another story!), investment monies are offered based on a risk based judgement of an ability to expand/grow the business often meaning the terms are better. That's partly what would make me think it a good thing if looking at the business as an outsider - an ability to obtain investment capital over general cash loans shows a longer term confidence by the funding provider - it also makes commercial sense to the recipient as the terms will be better.
as for "Finance expansion" in explanation marks again. I'm guessing you don't know the funding rules and criteria of NWBF and the sub-funds (and why would anyone really unless they've had to?!). They are restricted from what I would call 'cash-flow' deals due to the nature of the NWBF and the the financial instrument mechanisms that established it (which is what I worked on).
Back to the thread...
The fact that Salford are still going when the likes of Oldham, Rochdale, Swinton, Widnes etc. have been through what they have over the years should give confidence to us that those running the club will do what uis right. It is a business - and hence, quite rightly it shouldnt be plastered all over our forums and we as just fans have no intrinsic 'right' to know the fine details. Being even more harsh - most of us wouldnt understand the fine details anyway! All this thread shows is that 'guessing' or 'insinuating' from scraps of information or even rumours is pointless.'"
I agree wholeheartedly that club business should be kept to the inner sanctum of the board room.
I do however draw your attention to your following quote "The fact that Salford are still going when the likes of Oldham, Rochdale, Swinton, Widnes etc. have been through what they have over the years should give confidence to us that those running the club will do what uis right" you are overlooking the fact that only last year Salford were bailed out by the council with a loan to assist day to day running of the club. So it seems as we all know that there are no Rugby clubs making money on a day to day basis.
It is enlightening to speak with someone who does however have o good reasoned knowledge of business matters.
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4922_1302712061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_4922.jpg |
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| Quote: Marshy1 "I agree wholeheartedly that club business should be kept to the inner sanctum of the board room.
I do however draw your attention to your following quote "The fact that Salford are still going when the likes of Oldham, Rochdale, Swinton, Widnes etc. have been through what they have over the years should give confidence to us that those running the club will do what uis right" you are overlooking the fact that only last year Salford were bailed out by the council with a loan to assist day to day running of the club. '"
not going to debate that as it's not something I know the details of and I doubt there are many that do. but what i would say is that a 'loan' is not always a 'bail out' if you have the confidence it can be repaid - that is something that makes a fundamental difference when looking to hand over any cash. Sad to say, but it is why i doubt Swinton could have been helped at the time of leaving Station Road - the liabilities as I understand them were in the £millions with the upkeep costs of Station Road itself (however historic) being a key part of the problem. Thankfully Salford have never been in such a bad position and the works done to the Willows over the years have at least kept it reasonable - the club never had such a huge liability hanging over it the way Station Road was to Swinton.
Same can be said for the Sheddings which was falling to bits when Salford went there in the last year before Superleague. The upkeep of 'traditional' grounds to meet modern H&S standards (never mind tastes of people coming to games) mean that they represent an ongoing drain on club monies with little upside. Hopefully, the move for Salford to Barton reduces that cost / liability. If Agecroft happens, Swinton too should be on a more even keel - just a pity that steps were not taken 20 years ago to sort it out.
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