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Quote: Sandal Cat "Don't disagree with you, we don't have to spend the full cap to compete in Super League, we already have competed.

The point I'm making is that with our current spend, which is well below the cap, we have run up losses of cira £2.2m in 3 years so even spending what we have done requires and injection of funds. Reducing the budget further, which we are, and have to, will make competing even more difficult but I'm confident we will.

If we are able to raise additional investment that may be able to increase the playing budget and make competing a little less difficult.'"



But and this is the million dollar question is the 2.2m shortfall down to bad management/ground improvements, so if we tighten the belts, plug the black holes and charge full price for season tickets we could be ok to spend similar amounts on playing staff without breaking the bank!

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Quote: TanTastic "But and this is the million dollar question is the 2.2m shortfall down to bad management/ground improvements, so if we tighten the belts, plug the black holes and charge full price for season tickets we could be ok to spend similar amounts on playing staff without breaking the bank!'"


A lot of the debt (£1.2m in year 1) was due to Spirit of 1873 Ltd honoring sponsorships, season tickets etc. that had been paid to Wakefield Trinity RLFC Ltd prior to administration. I think there has been bad management in paying players over the odds so you may be right - tighten the belts, plug the black holes and pay full price for ST we may be able to pay a similar amounts on the playing budget.

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Not true ...spirt started off with a clean sheet I spoke to the accountant at that time and he confirmed that only 30 k is season ticket monies had been taken from the early bird offer.and if my memoury is correct they never appealed for advanced season ticket monies ...which could have been fraudulent ..and indeed if the club doent keep going now could be seen as such.
It was also confirmed that hardly any if any sponership had been paid and it was only at the start of the season that when that revenue comes in. As money is tight for every business and it was during the season when corporates paid their bills Eric France as example.
Now I guess it depends who you believe?
What I do do know is that if you believe glover and Elston and what we have been told........
record gates.....
everthing going well.....
ccj just normal in business....
1.2.mill loss normal! for first season ....
Think it does throw doubt with all the lies been told over the last few months.

In my simplistic calculations and looking at the last trading account published in 2010 under the old Wakefield trinity rlfc turnover was just short of 3 million.
If under the glover and elston regeem trading three seasons( 2 years 7 months) if they kept parity with that income it would have been circa 7.5 million and with loans of circa 2 million doesn that mean we have squandered in the region of 9.5 million in that time?
Yet we were told that they were only spending the same as the old club ? in wages?

Mr carter having listened to his club video was the accountant for over eighteen months of this period ?and I for aploaud his efforts to leep the club going, but if the figers I have quoted are not too far away he will need deep pockets or we will need all the fighting spirt that this club is renound for.

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[img:1yv09n11]http://www.rlfans.com/images/sigs/newgroundb4cas.gif[/img:1yv09n11] UP THE TRIN !!!!:34236.jpg



I can be harsh at times but many thanks for people giving there time up for this great club I mean it well done folks you deserve so so much credit!

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Quote: newgroundb4cas "I can be harsh at times but many thanks for people giving there time up for this great club I mean it well done folks you deserve so so much credit!'"


and i agree with you for once ! icon_hug.gif

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onetiger = half a cabbage The night is dark and full of terrors. Winter is coming.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17219.jpg



Quote: newgroundb4cas "I can be harsh at times but many thanks for people giving there time up for this great club I mean it well done folks you deserve so so much credit!'"




Like a rusty cheese grater icon_wink.gif

28 posts in 3 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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