Joined: Dec 22 2001 Posts: 6616 Location: Halifax, the sleeping giants of Rugby League
I see London's sugar daddy, David Hughes, has had enough and wants to sell the club. Probably explains why their 2023 accounts still haven't been filed, being nearly a month overdue. So I'll give you London's 2022 results - an eye watering £27.3 million net liabilities and a £1.5 million loss.
So I've no idea how much Hughes is expecting to get from the "sale". He'd struggle to give it away IMO.
Therefore, in summary, assuming London's financial position didn't improve in 2023, they take the prize for being the most heavily in debt at £27.3 million, overtaking Huddersfield's £15.7 million with Wigan in 3rd at £10.5 million. Leeds are the richest with net assets of £11.4 million but that includes their ground at almost £9 million. likewise Cas in 2nd with net assets of £4.1 million which includes the ground of £8.2 million and Saints in 3rd with net assets of £2.2 million but including a ridiculously valued lease of £31.7 million.
Overall a right mess. Now I know why they used to call the promotion decider "the million pound game", because that's how much you would expect to lose each year in Super League.
I’ve often said without a sugar daddy we’ve no chance but after looking at some of the accounts of those with them maybe it’s time for the entire game to get back to reality and all start drinking tea without.
It only takes Sky to walk away and those at the top have the furthest to fall.
Joined: Dec 22 2001 Posts: 6616 Location: Halifax, the sleeping giants of Rugby League
faxcar wrote:I’ve often said without a sugar daddy we’ve no chance but after looking at some of the accounts of those with them maybe it’s time for the entire game to get back to reality and all start drinking tea without.
It only takes Sky to walk away and those at the top have the furthest to fall.
Exactly. The top division in sport is supposed to be a great money earner, but it costs millions of sugar daddy money to merely survive in Super League. What a joke, eh?
Joined: Dec 22 2001 Posts: 6616 Location: Halifax, the sleeping giants of Rugby League
They certainly do! Their last accounts showed profits of over £3 million and had net assets of £28 million. Would obviously be nice to see some of that go our way in terms of sponsorship!
Joined: Oct 26 2005 Posts: 3211 Location: Bradford
Midlands Hurricanes are quietly building. They seem to have a lease on a decent stadium and their owner is also the owner of Big Red Construction. Plenty of resources there.
Joined: Dec 22 2001 Posts: 6616 Location: Halifax, the sleeping giants of Rugby League
Barrow now filed their 2023 accounts showing they lost £130k. But shock horror they're solvent to the tune of £869k net assets ........ however, that includes £1.8 million re the ground.
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