FORUMS > Warrington Wolves > Financial Losses 2022 |
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| Giants in for 2.5 million that is huge
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| Worrying maybe. However, the headline "loss" figure in a set of accounts means virtually nothing.
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| Interesting article, and not a good trend when the Sky deal is being scaled down.
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| Quote: Douglas Black "Worrying maybe. However, the headline "loss" figure in a set of accounts means virtually nothing.'"
It must do if it keeps happening. Call me old fashioned but I personally would prefer to see profit.
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| I'm sure all sorting teams would love to make a profit, but they generally don't of course. Ambition for success costs money that wouldn't normally be available without some wealthy fans as benefactors. As long as those benefactors stay involved all is good.
The club with the 2nd least (or 2nd best, if that's the right term) losses is the club that's about to be relegated, which ironically could lead to worsening financial problems.
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| Quote: easyWire "I'm sure all sorting teams would love to make a profit, but they generally don't of course. Ambition for success costs money that wouldn't normally be available without some wealthy fans as benefactors. As long as those benefactors stay involved all is good.
The club with the 2nd least (or 2nd best, if that's the right term) losses is the club that's about to be relegated, which ironically could lead to worsening financial problems.'"
We're probably going to see clubs disappearing over the next couple of years. It'll start in the lower leagues but eventually there will be casualties in Super League as well. Several clubs are just not sustainable on any level. Huddersfield are the glaring one. £2.5m in losses, no real plan in place as to how to improve that either. Every year they seem to come out with ridiculously low season ticket offers and yet their crowds just never materialise. Once Ken Davy is no longer around, you do worry about what would happen. There can't be many multi-millionaires amongst the 2,000-3,000 fans they have and there's absolutely no glory or potential profits to be made there.
The lack of ability of a lot of clubs to grow revenue or operate sustainably is related to their stadium arrangements. If you don't own the ground you play in, it's very difficult to grow revenue. If it's old and crumbling, it's almost impossible to keep costs down. Making RL facilities multi-use and hosting things like public services like the NHS at Warrington and Saints and becoming a concert and social venue (Weddings, corporate events, white collar boxing nights etc) is the only way a lot of clubs can improve.
The original frameworks laid out for Super League recognised this and one of the key criteria initially was ensuring all Super League clubs owned their own facility and that it was up to standard. Obviously that was watered down to accomodate clubs that didn't have ownership of their own ground and the tinpot Yorkshire sides who resist all avenues for progress, but had they stuck to it, we'd have 12 clubs in Super League with their own conforming facilities. Instead they let all the Yorkshire sides get away with it and it's not a surprise the league is largely organised by those that have invested in infrastructure and those that never bothered.
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| also them fines at the disciplinary add up
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| Sky paying less so central funding drops, well is this why they want to sell the free to air rights rather than give them away like they did with C4
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Skysports.com wrote: 'There was still time for Murrell to knock over a drop-goal into the sea of delirious red and white behind the posts. The Black and Whites were already heading disconsolately home'.: |
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| Quote: Saddened! "We're probably going to see clubs disappearing over the next couple of years. It'll start in the lower leagues but eventually there will be casualties in Super League as well. Several clubs are just not sustainable on any level. Huddersfield are the glaring one. £2.5m in losses, no real plan in place as to how to improve that either. Every year they seem to come out with ridiculously low season ticket offers and yet their crowds just never materialise. Once Ken Davy is no longer around, you do worry about what would happen. There can't be many multi-millionaires amongst the 2,000-3,000 fans they have and there's absolutely no glory or potential profits to be made there.
The lack of ability of a lot of clubs to grow revenue or operate sustainably is related to their stadium arrangements. If you don't own the ground you play in, it's very difficult to grow revenue. If it's old and crumbling, it's almost impossible to keep costs down. Making RL facilities multi-use and hosting things like public services like the NHS at Warrington and Saints and becoming a concert and social venue (Weddings, corporate events, white collar boxing nights etc) is the only way a lot of clubs can improve.
The original frameworks laid out for Super League recognised this and one of the key criteria initially was ensuring all Super League clubs owned their own facility and that it was up to standard. Obviously that was watered down to accomodate clubs that didn't have ownership of their own ground and the tinpot Yorkshire sides who resist all avenues for progress, but had they stuck to it, we'd have 12 clubs in Super League with their own conforming facilities. Instead they let all the Yorkshire sides get away with it and it's not a surprise the league is largely organised by those that have invested in infrastructure and those that never bothered.'"
"All the Yorkshire sides" is this a thinly veiled pop at Wakefield and Cas (rightly so) or every club, including the likes of Hull KR? Hkr own their own ground, have held multiple and more concerts (Than Saints for starters) over a few years now barring covid of course, the Craven Streat concept which is yet to be beaten on a match day earner elsewhere, the club's building training facilities that will be up there with the best, have a primary owner and power board with multiple well off people but not only in financial clout but expertise to also rival the best if not as a collective be out on its own. (I could be writing this and youll reply with the old outdated adage Humberside isn't in Yorkshire and you wasn't sweeping us aswell ! but still! It's a bit of an ignorant statement yours. All from a fan of a club that's posted the 2nd most losses for starters.
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| If Giants didn’t have Ken Davey they would be right up the creek, actually feel for that guy their fan base just seems to have never changed even when Giants have had decent seasons. Their marketing iseems poor. They should make a move to employ Fitzpatrick.
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53838_1362327793.jpg And so you aim towards the sky,
And you'll rise high today,
Fly away, Far away,
Far from pain....:d7dc4b20b2c2dd7b76ac6eac29d5604e_53838.jpg |
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| Quote: karetaker "If Giants didn’t have Ken Davey they would be right up the creek, actually feel for that guy their fan base just seems to have never changed even when Giants have had decent seasons. Their marketing iseems poor. They should make a move to employ Fitzpatrick.'"
It's a football town. Basically they have the vice versa of Wigan as a town. Very few care about RL.
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| Quote: karetaker "If Giants didn’t have Ken Davey they would be right up the creek, actually feel for that guy their fan base just seems to have never changed even when Giants have had decent seasons. Their marketing iseems poor. They should make a move to employ Fitzpatrick.'"
Blimey karetaker ... I was reading this and thinking he's talking sense here. Then you couldn't help yourself and you had to have a pop. Shame really.
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| Quote: Smiffy27 "Blimey karetaker ... I was reading this and thinking he's talking sense here. Then you couldn't help yourself and you had to have a pop. Shame really.'"
And you couldn’t help yourself having a pop shame really or is it. You do it a lot with various posters why is it they can’t just have their opinion without people like you feeling the need to have a go. If you disagree just disagree no need to dig the individual out but I guess that’s not in your nature.
For future reference to save you some time I will always post my opinion as I see fit.
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| Quote: Dita's Slot Meter "It's a football town. Basically they have the vice versa of Wigan as a town. Very few care about RL.'"
It's a pain to drive to, and that's when it's only half full. I shudder to think what the traffic would be like when it's a sell out.
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