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| Sue the s.
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| If he took the time to visit
Not if they take a look at Wigan Rugby League Club Limited.
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| So basically we can't trust published accounts anymore? I appreciate theyll always be dodgy punters but to suggest theyre often lies? FCUK me. I've heard some crap on these boards.
As for Hood, like SEB said. He's the last person to get on his high horse. I'd sooner take financial advice from Brewster.
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| Quote: Ian 77 Redux "So basically we can't trust published accounts anymore? I appreciate theyll always be dodgy punters but to suggest theyre often lies? French Connection UK me. I've heard some crap on these boards.
As for Hood, like SEB said. He's the last person to get on his high horse. I'd sooner take financial advice from Brewster.'"
It's not that published accounts are lies but it's easy for a company's accounts to disguise its underlying financial problems.
Portsmouth FC, Glasgow Rangers and all the major banks that went bust were publishing their accounts every year but still it took everyone by surprise when they got into trouble, but that trouble had been brewing for a long time.
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| Didn't we self-fund the extension? We truly mustn't have a pot to in.
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| Quote: Ian 77 Redux "So basically we can't trust published accounts anymore? I appreciate theyll always be dodgy punters but to suggest theyre often lies? French Connection UK me. I've heard some crap on these boards.
As for Hood, like SEB said. He's the last person to get on his high horse. I'd sooner take financial advice from Brewster.'"
Published accounts are never lies, merely one interpretation of the truth.
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| People aren't actually taking this seriously are they? There is absolutely no correlation between Warrington and the state that Bradford are in. As I mentioned its not a case of 'lies', just that Bradford have assets which made their books balance, the problem is they have no actual cash. ie if you own a 100k house bought and paid for that doesn't mean you can go and buy 100k worth of Greggs meat and potato, you would have to sell the assets before you had the actual cash for the sweet sweet pies.
The only time Warrington would ever have to worry is if Moran walked away, ala Ambramovich at Chelsea.
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| Quote: thelazywolf "
The only time Warrington would ever have to worry is if Moran walked away, ala Ambramovich at Chelsea.'"
Well if that is the situation then it is not sustainable.
I would hope that the club has taken advantage of Simon Moran's investment to set itself up so that it doesn't rely on subsidy from the owner and that further investments by him are a bonus not necessary to stay afloat.
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| Seriously though, as long as Simon is doing well for himself can anyone ever see him walking away from the club?
If i had his money and was doing really well for myself i would never walk away, why would i ?
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| He might get bored of all the Grand Finals we keep winning.
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| Quote: sally cinnamon "Well if that is the situation then it is not sustainable.
I would hope that the club has taken advantage of Simon Moran's investment to set itself up so that it doesn't rely on subsidy from the owner and that further investments by him are a bonus not necessary to stay afloat.'"
Precisely. Nail on head. We are nothing like Chelsea.
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| Maybe the Chelsea comparison was a bit extreme, but I think the basic point is sound. Without Moran we probably wouldn't implode like Bradford, but we wouldn't be able to compete at the highest level - ie consistently hit the salary cap and finish in the top 4-6.
As Mr Yed said though why would Moran ever walk away? Warrington fans have absolutely nowt to worry about, its time to relax and enjoy the ride.
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| If Abramovich owned Warrington then serious questions would be being asked of Tony Smith right now after the shocking way we have started the season.
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| Nah, its all circumstantial. Haven't we technically had a better start points-wise this season over last?
I do get your point though, Moran isn't the megalomaniac tyrant that Abramovich is, I just used that as its the only sporting comparison that came close to fitting. The bottom line is though without Moran I think we would be an outfit who struggled to make the playoffs. Regardless of how self sufficient we're trying to be, a sugar daddy like Moran in the background goes a long way.
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| Quote: thelazywolf "Nah, its all circumstantial. Haven't we technically had a better start points-wise this season over last?
I do get your point though, Moran isn't the megalomaniac tyrant that Abramovich is, I just used that as its the only sporting comparison that came close to fitting. The bottom line is though without Moran I think we would be an outfit who struggled to make the playoffs. Regardless of how self sufficient we're trying to be, a sugar daddy like Moran in the background goes a long way.'"
Well you sir, don't know Warrington's set up. Profit is measured after capital introduced, not before. So therefore with Warrington making a profit in both 2009 & 2010 (2011 figures not yet released) I'd safely say we are sustainable without a cash angel that Moran can be. Not that I'd deny he has cause and effect on some things that happen. But he still takes out exactly what he puts in the club.
Expect a reverse in 2011, those corners were self-funded by the club covered by capital already invested and extra sponsorship generated.
If Warrington were close to going bust in our current state, the best business run club in SL, you might as well pack in RL as a professional sport! Hood is just a bob end trying to deflect criticism from his own shortcomings. Tosspot.
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