Quote: SaintsFan "Some of the £6 million is to be converted into shares so that looks like it doesn't have to be paid back. And you have no idea of the rates secured by McManus from his bud in Asia. And since we've just let our Chief Exec go, I can't see the stadium staff costing Saints £4 million a year somehow. Oh, and we aren't spending to the salary cap either for 2012. The club has stated that publically. And you haven't taken into account away fans revenue or any other form of revenue, for example the sponsorship deals already published. So, in short, you know nothing.'" Taken from your own Chairmans report. Last month, it revealed increased losses, from £861,810 to £1.38m for the year to October 31, and stagnant revenues of £4.83m And he vows this will not be allied to cost cuts, despite a £400,000 rise in salary costs, which are now at 79% of turnover: “In terms of non-rugby staff, we have been lean and mean. That give a wage bill of around £3.82 million. Source www.liverpooldailypost.co.uk/ldp ... -29374253/

Quote: SaintsFan "Some of the £6 million is to be converted into shares so that looks like it doesn't have to be paid back. And you have no idea of the rates secured by McManus from his bud in Asia. And since we've just let our Chief Exec go, I can't see the stadium staff costing Saints £4 million a year somehow. Oh, and we aren't spending to the salary cap either for 2012. The club has stated that publically. And you haven't taken into account away fans revenue or any other form of revenue, for example the sponsorship deals already published. So, in short, you know nothing.'" Taken from your own Chairmans report. Last month, it revealed increased losses, from £861,810 to £1.38m for the year to October 31, and stagnant revenues of £4.83m And he vows this will not be allied to cost cuts, despite a £400,000 rise in salary costs, which are now at 79% of turnover: “In terms of non-rugby staff, we have been lean and mean. That give a wage bill of around £3.82 million. Source www.liverpooldailypost.co.uk/ldp ... -29374253/

But he hasn't given Saints the money has he?

And how much do you think the staffing costs will be when "In terms of non-rugby staff, we have been lean and mean" and spending £3.82 milion?

I know you like to look on the gloomy side of things when it comes to Saints, but lets face it, McManus knows what he's doing. The stadium was always going to cost money (the sort of money that no rugby league club has sloshing about spare) which would have to be raised.
It seems from what's been said that at least part of (if not all of) any debt will not be paid back in cash, but converted into shares.
Meanwhile, Saints will have what will be probably the most enviable assett in bristish rugby league at their disposal and on their balance sheet.

Look on the bright side, at least you won't be ing in that gutter in the toilet block with no roof next time you have a fixture against us.

Nope. But you have no idea whatsoever as to the terms of the loan so you are talking out of your backside on this whole matter.

Incidentally, Saints are closing their town centre shop at the end of the year so that will be another saving on present costs. The shop will be based at the stadium.

What next? Watering down the beer to save a couple of quid? Cheaper tracing paper bog roll in the toilets?

Sounds pretty desperate TBH

Some of you seem to be forgetting that in saintsfan's world everything is rosey and couldn't be better at saints, no matter what you say.

No problem, it'll COST you even more to clean up, another hike in the wage bill.

Forget the newspaper, we will just crap all over the place a la Anthony Gelling