Cowgirl has made quite a few statements that many in Union would agree with regarding Sarries financial future.
If Quins RU stated that the breakeven for a Union club is 12,000 paying punters at 10,000 seater stadium seems rather stupid.
I believe, and can confirm when I get home that Sarries made a loss of circa £6m last year.
This is from the Times in 2010
Quote: "
01 April 2010
Nigel Wray today revealed Saracens will lose nearly £3million this season, with the other 11 Guinness Premiership clubs on course for a total deficit of more than £20m.
Sarries' decision to hire Wembley for four matches this term at £200,000 per time, plus the heavy impact the credit crunch has had on corporate hospitality revenues, has left the club with yet another disturbing balance sheet.
While Saracens' future is safe thanks to their South African investors, Wray is calling on the Rugby Football Union to increase the funding to clubs to stop the sport from suffering the kind of problems that have hit football with Portsmouth and Crystal Palace going into administration this term.
The chairman, who has spent more than £15m bankrolling Saracens since 1995, is alarmed by the situation, estimating Premiership losses this term will be more than £20m with only two clubs making a profit.'"
Since then, I think that Quins has joined Leicester and Northampton in making a profit.
The truth is that few sports clubs make any money and in both codes of Rugby are hugely relliant on their Owners.
Are Sarries a success compared to us? Financially, no, we're about the same (if my memory is correct).
Will they be able to build and become financially viable, possibly. Will Broncos, not a chance.
