www.warringtonguardian.co.uk/new ... 16_season/

www.warringtonguardian.co.uk/new ... 16_season/

If you go to companies house they have a PDF of the accounts https://beta.companieshouse.gov.uk/comp ... ng-history Group of companies' accounts made up to 30 November 2016.

If you go to companies house they have a PDF of the accounts https://beta.companieshouse.gov.uk/comp ... ng-history Group of companies' accounts made up to 30 November 2016.

The dreaded 'C' word coming up again in that interview..It costs money to make money.

Should fully expect next year's accounts to be even worse. Lower attendances especially qualifier compared to Super 8s, not extra merchandise opportunities that we had with the two finals of last year

Concerning times I'd say

I don't see too much of a problem with the overspending in 2016. Yes ... the financial fallout from the performances on the field this season will be the main concern.

Perhaps we are carrying too many staff in our extended back room...too many jobs for the boys.

Considering there was probably an additional £500k from Wembley & OT, not to mention improved revenues from attendances, a loss of that amount would seem concerning.

Our new CEO's comments on money spent by Draper would seem verified with this financial result. I would imagine an onfield performance of 2017 coupled with the expenditure of 2016 would have resulted in a loss approaching £1M. Draper championed the 'fan experience', I'm not sure my 'fan experience' has improved to the degree the additional cost outlay warrants.

People can wish for SBW all they like, but there must be a sustainable business model behind it.

The positives are the turnover £6,388,933 (up £252,845) and merchandise £785,062 (up £265,37icon_cool.gif. But that was with the top place finish, and 2 finals.

We are also making repayment of borrowings £27,750, and repayment of bank loans £153,139.

I wonder what we got for that much of an increased spend on Administration though £6,865,381 (up by £866,293)

We also had;

9 extra players compared to 2015
5 more administration
2 fewer ground and matchday staff

Taking into account social security and pension costs, wages were up by £534,287.

£811,854 is owed to parent company SJM Holdings.

To be honest probably not. For a company that turns over £7M, to increase one off spending on branding etc to the tune of £1M a year will knacker your accounts. Trying to absorb 12.5% additional spending to only loose £250k is a decent achievement.

Warrington do a lot wrong regarding the important stuff regarding results, recruitment, and responding in a timely fashion to remedy those major flaws. Financial control though looks pretty tight. I'd expect we'd break even this year, worst case.

What is even more concerning is that the RFL now have Draper on board. The last thing this sport needs is millions wasted on consultants... Is Draper an RFU double-agent or something?

Not necessarily, it could depend on what new signings and what may or may not happen regarding coaching for next year that will have a bearing on season ticket sales and general attendance. It's a wait and see thing now.

We made 73k net profit in 2015 (pre tax)
We made 263k net loss in 2016 (pre tax)

Considering our revenues and costs sit at around 5-7million per year, and our net profit is so low, any slight fluctuation in either would see us swing between a few 100k ether side of profit or loss.

I actually applaud the board for running the club so close to the break even line. We're a sports club, we (ideologically) shouldn't be making huge profits. It should be reinvesting in itself. The board also didn't take any dividends this year.

The balance sheet of the company ended in 2015 on 12.26 mil
The balance sheet of the company ended in 2016 on 12.15 mil

The company has lost 108k from it's balance sheet, which is 0.88% of it's value.

Drop in the ocean. The directors know exactly where that money has gone, and it's all completely controllable. It's not as if we're hemorrhaging money and they can't stop it.

It's interesting to see the financial state of the club, but a non-story for me.

are any other teams results out.....???

will we see a direct link to the Marquee player rule and increased club losses......

you would think so......

I don't buy into all this propaganda about Draper blowing money on "consultants", whatever that means. The spending will have been agreed by the board, which is ultimately and collectively responsible.

The problem is always that boards always buy into spending big on things like branding but expect instant results. When it doesn't happen they inevitably blame someone and revert back to the status quo, leaving the new brand as little more than a change of logo.

Ps the rebrand was totally unnecessary and the logo is horrific, but it was all agreed by the board.

the re-brand was probably unnecessary but I disagree I think the new logo is great... its modern and easily identifiable ...I even carved the logo in a pumpkin last Halloween you couldn't do that with the old one, far too much detail.
And that was one of the main ideas behind the new logo (ease of recognition and publishing...not for the ease of pumpkin carving!!).

should that have pushed us a quarter of a million on the red...?? not really....