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 Post subject: Accounts
PostPosted: Wed Aug 28, 2024 9:21 am 
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The 2023 accounts have now been fliled at Companies House and they show the club lost nearly £200k with net liabilities now standing at over £540k The taxation and social security creditor has increased worryingly high to £47k - we don't want to be falling too far behind with those guys.

I'll keep an eye out for other clubs' 2023 accounts, including SL, and post them on here.






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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 9:45 am 
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Castleford lost over £500k in 2023. They revalued their ground to approx £8 million which shows a strong balance sheet but without this asset they'd have net liabilities of over £4 million. The club owed its directors £2.6 million.






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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 4:57 pm 
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Salford lost nearly £400k in 2023 and had net liabilities of nearly £4 million. And judging by this season's crowds (they had just over 3k against Hudds) looks like things aren't going to get better!






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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 5:01 pm 
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Tony Fax wrote:Castleford lost over £500k in 2023. They revalued their ground to approx £8 million which shows a strong balance sheet but without this asset they'd have net liabilities of over £4 million. The club owed its directors £2.6 million.


I expected worse from our accounts to be honest but I dread to think how they will look at this point next season.

Just on Cas and their ground I think that is a loophole that can be used for the IMG rankings that will help them on the financial part of the gradings. The sceptic in me also wonders if longterm leases are allowed to be manipulated in the same way and could we see the sale of the lease back to Bradford go through before the final IMG rankings and see them also revalue the lease to a much higher amount than they will be gifted it for.







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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 5:49 pm 
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As before there’s hardly a club that isn’t affected and the game should be renamed Super Debt and clubs can manipulate the figures all the like but it won’t alter the truth which will come out sooner or later.

Just shows you though what sort of system is in place where you can gain an advantage through corruption by manipulation and the integrity of clubs if they would stoop to doing that.

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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 7:02 pm 
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Don’t Whitehaven own their own ground. They might get in to SL

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 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 8:33 pm 
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Tony Fax wrote:Castleford lost over £500k in 2023. They revalued their ground to approx £8 million which shows a strong balance sheet but without this asset they'd have net liabilities of over £4 million. The club owed its directors £2.6 million.


Certainly help their IMG score.....

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 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 7:45 am 
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Greg Florimos Boots wrote:I expected worse from our accounts to be honest but I dread to think how they will look at this point next season.

Just on Cas and their ground I think that is a loophole that can be used for the IMG rankings that will help them on the financial part of the gradings. The sceptic in me also wonders if longterm leases are allowed to be manipulated in the same way and could we see the sale of the lease back to Bradford go through before the final IMG rankings and see them also revalue the lease to a much higher amount than they will be gifted it for.


Won't make any difference to Bradford's score this year as finances are for the 3 years up to the end of Nov 2023.

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 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 9:57 am 
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I'm not sure about the rules regarding leasehold disclosures. All a lease is, is a glorified rent entitling the lessee benefits of ownership for a finite period of time, and if they disclose it as an asset they'd have to disclose the lease payments obligations thus effectively cancelling out the asset. But I stand to be corrected.

Dewsbury have a lease agreement with the Council but the only disclosure in their 2023 accounts is £10k worth of "improvements to leasehold property". Incidentally, they lost nearly £100k in 2023 and have net liabilities of £345k.






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 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 10:40 am 
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Well, I could be wrong about leasehold disclosures.

Looking at the 2023 accounts for St Helens, they include a 50 year long term leasehold valued at an eye watering £31 million. However, strip out this leasehold and the net liabilities stand at an astonishing £29 million. Leaving out the surplus on revaluation, Saints lost £2 million in 2023. Blumming heck. And Saints' ultimate parent company, Crowther Street Holdings Limited, is incorporated in the British Virgin Islands :D






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It is currently Sat Sep 14, 2024 1:13 am
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Matches on TV
Sat 14th Sep
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Fri 20th Sep
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Sun 27th Oct
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England M-Samoa M
Sat 2nd Nov
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England M-Samoa M
Fri 13th Sep
SL 26 Leigh0-24Hull KR
SL 26 St.Helens40-4Castleford
SL 26 Wigan38-0Leeds
WSL2024 14 St.HelensW68-0BarrowW
WSL2024 14 WiganW4-24LeedsW
NRL 28 Penrith30-10Sydney
Sun 8th Sep
SL 25 Huddersfield22-16LondonB
WSL2024 13 LeedsW52-12FeatherstoneW
WSL2024 13 BarrowW24-4Hudds W
WSL2024 13 WiganW12-16York V
CH 25 Batley0-38Doncaster
CH 25 Halifax34-6Dewsbury
CH 25 Sheffield12-30Bradford
CH 25 Swinton28-8Featherstone
CH25 Wakefield60-6Whitehaven
CH 25 Widnes6-12York
NRL 27 Manly20-40Cronulla
NRL 27 Newcastle14-6Dolphins
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SL 25 Salford27-12Catalans
This is an inplay table and live positions can change.
Mens Betfred Super League XXVIII ROUND : 1
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Wigan 26 657 336 321 42
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Leeds 26 514 462 52 28
Catalans 25 439 415 24 26
Huddersfield 25 434 582 -148 18
Castleford 26 415 701 -286 15
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This is an inplay table and live positions can change.
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Sheffield 23 574 466 108 26
Doncaster 23 440 513 -73 21
Halifax 23 457 579 -122 20
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