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Quote: WormInHand "Interesting. If we build up more assets as described above, will that reduce the negative reserves? If not, is it our current modest profits that are added to the negative reserves making them less negative? If so, how many years would you estimate it would take before dividends can start to be paid?
'"


About 15 years at current run rate.

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Quote: Mrs Barista "About 15 years at current run rate.'"


Doesn't stop them taking salaries though

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Quote: Jake the Peg "Doesn't stop them taking salaries though'"

No, but consider that we are spending the full cap and pay hundreds of thousands to the SMC. In the context of most other clubs losing money, some, like Wigan, a lot of money on bigger crowds, the basic maths would suggest they're not taking much if we're returning a profit every year.

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2 3rds through the season i was all set to get my first season ticket ( not done so before for parenting issues !! ) but after another dismal end to the season and Agar still producing cack rugby,i won`t be bothering while he is still at the helm !

BP1
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Quote: Standee "My point is that the current board are quite happy as they are, unless we all stop turning up they will never invest more than they can get away with.'"


Have to say I agree with you on this one.
It's almost as if the board have climbed 26,000 feet up the South face of Everest. Looked around at the view and decided what's the point of climbing the last 3,000 feet to the summit. We can see all we need to from here (if you get my rather obscure analogy).

As you have pointed out, from a business perspective, I think the board genuinely do not believe the appointment of a top class coach who delivers on the field would bring them any significant returns off the pitch. Certainly not enough to justify the investment.

There is also the probability that the board believe we already have a top class coach in place. I know this is news to some of us on here, but I honestly believe that the board are of this opinion. They are convinced that he's the man for us, hence the new 2 year deal in April. I know there are many of us on here who are truly baffled as to how they have arrived at this conclusion, but arrived at it they have.

Either way, Mr Agar is going nowhere. At least not for another 18 months (minimum). We're stuck with him and our board who clearly believe in the old adage of "it's the taking part that counts, not the winning". As Sally Cinnammon pointed out we are the new Warrington. Everything in place off the field, but with genuine on field success frustratingly out of reach.

We are destined to be the first supporters in history who get to cheer a bank balance sheet instead of a Wembley triumph. I can see it now, the players doing a lap of honour waving the club's bank books instead of the SL trophy or Challange Cup. These are truly frustrating times for the faithful. So so close and yet so so far away from the real prize on offer.

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Quote: Mrs Barista "No, but consider that we are spending the full cap and pay hundreds of thousands to the SMC. In the context of most other clubs losing money, some, like Wigan, a lot of money on bigger crowds, the basic maths would suggest they're not taking much if we're returning a profit every year.'"


Turnover in excess of £5m alledgedly (certainly £4m+ in 2007 as we got a point for it in the last licencing round 3 years ago and it certainly hasn't gone down). £1.6m to the players, a reported £1/2m to the landlords, leaves a min of £2m, maybe up to £3m, which is a lot of cash when your 2 biggest expenses are paid for

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Quote: Jake the Peg "Turnover in excess of £5m alledgedly (certainly £4m+ in 2007 as we got a point for it in the last licencing round 3 years ago and it certainly hasn't gone down). £1.6m to the players, a reported £1/2m to the landlords, leaves a min of £2m, maybe up to £3m, which is a lot of cash when your 2 biggest expenses are paid for'"

And Wigan lose half a million a year on bigger gates, spending the full cap and a similar ground-sharing arrangement AFAIK. Medical bills, running the academy, employing probably 30 odd people in admin, finance, retail, community programme not to mention the coaching staff to pay, plus consumables, transport & accommodation, running the website etc not to mention the cost of 10,000 shirts and all the merchandise we sell, sales of which go towards that £4-5m. If our retail margin is 30% (about average for clothing), that's £700k of costs against £1m of turnover before the costs of running the shop with a manager etc. National Insurance contributions on 30 players, and say 30 odd staff as well. I really don't see that the board are syphoning off huge funds from FC to live the high life when we're one of the only teams to make a profit and this generally speaking without progressing to major finals.

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Peter Sharp is Andersons assistant at Parramatta.

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Quote: Mrs Barista "And Wigan lose half a million a year on bigger gates, spending the full cap and a similar ground-sharing arrangement AFAIK. Medical bills, running the academy, employing probably 30 odd people in admin, finance, retail, community programme not to mention the coaching staff to pay, plus consumables, transport & accommodation, running the website etc not to mention the cost of 10,000 shirts and all the merchandise we sell, sales of which go towards that £4-5m. If our retail margin is 30% (about average for clothing), that's £700k of costs against £1m of turnover before the costs of running the shop with a manager etc. National Insurance contributions on 30 players, and say 30 odd staff as well. I really don't see that the board are syphoning off huge funds from FC to live the high life when we're one of the only teams to make a profit and this generally speaking without progressing to major finals.'"


Wigan also charge a lot less to get in then FC or most other clubs do, not sure how much there season passes are but gauging it on walk up prices and the number of special rates they do I expect its a lot less than you do. I would expect FC's gate reciepts to be more than Wigans.

I think theres a big misconception that McGuire is this supercoach that has transformed Wigan froma bottom 4 club to world beaters, Wigan were not that far off from the GF last year and got also had a good cup run, Nobby picked them up from relegation fodder and got them competetive.mcguire turned up and reaped the rewards of nobles hard work.

As someone said If Anderson was so good why are the eels binning him?

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Because he fell out with Hayne.

Eels haven't had a top half back since Sterlo and with Mortimer and Mateo not only turning up for a handful of games they were also going to struggle.

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Quote: Jake the Peg "I think that overall our squad is poor compared to the top 5. We have far too many ordinary players, under performing players and our marquee players don't live up to the hype. How many of our players would definitely get into the starting line ups of the teams who finished above us last season?'"


What a load of b******s, have you not heard or seen the now world famous Agar PowerPoint at the first fans forum of the season that addressed this very issue. icon_wink.gif

We have a squad of world beaters, it says so in the PowerPoint. icon_lol.gif

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Quote: Mrs Barista "And Wigan lose half a million a year on bigger gates, spending the full cap and a similar ground-sharing arrangement AFAIK. Medical bills, running the academy, employing probably 30 odd people in admin, finance, retail, community programme not to mention the coaching staff to pay, plus consumables, transport & accommodation, running the website etc not to mention the cost of 10,000 shirts and all the merchandise we sell, sales of which go towards that £4-5m. If our retail margin is 30% (about average for clothing), that's £700k of costs against £1m of turnover before the costs of running the shop with a manager etc. National Insurance contributions on 30 players, and say 30 odd staff as well. I really don't see that the board are syphoning off huge funds from FC to live the high life when we're one of the only teams to make a profit and this generally speaking without progressing to major finals.'"


Dont forget clearing all them directors loans, few 100k a season must have been , guess that cash is spare now

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Quote: Mrs Barista "And Wigan lose half a million a year on bigger gates, spending the full cap and a similar ground-sharing arrangement AFAIK. Medical bills, running the academy, employing probably 30 odd people in admin, finance, retail, community programme not to mention the coaching staff to pay, plus consumables, transport & accommodation, running the website etc not to mention the cost of 10,000 shirts and all the merchandise we sell, sales of which go towards that £4-5m. If our retail margin is 30% (about average for clothing), that's £700k of costs against £1m of turnover before the costs of running the shop with a manager etc. National Insurance contributions on 30 players, and say 30 odd staff as well. I really don't see that the board are syphoning off huge funds from FC to live the high life when we're one of the only teams to make a profit and this generally speaking without progressing to major finals.'"



Who said anyone was "syphoning off huge funds"

wigan's business model has been nothing like ours previously. The club was propped up by whelan. They didn't have a particularly strong retail operation, didn't get a penny from their main sponsors and sold tickets at a significantly lower amount than we do. I'd be amazed if their turnover was anywhere near ours up until the time lenegan took over.

And if we're spending circa £3m on things other than the players and the stadium then it sounds like we have tooo many costs to me

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We have a coach so any talk of Anderson is pointless really.

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Quote: PAUL M "We have a coach so any talk of Anderson is pointless really.'"


Yeah well said... Nowt to do with FC

LOCK IT... icon_wink.gif

70 posts in 6 pages 
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen
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Subscribe | Moderators: Admin, Kosh , Roland_R , Karen



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