I would imagine they are from companies house.

Easy enough to check them I'm sure.

Hudds is definately right.

i am not sure if it matters if it is a loss of £500,000 or £1,000,000 if Mr D is happy.

Proves what a benefactor he is and how much club needs him

Loss for the year to 30th november 2008 £1.38 million



Although without detailed analysis it is difficult to put much meaning to these figures.

You just need to keep fingers crossed that Davys doesn't get fed up. Not many would put up with such large losses. If he gets fed up you fold.

Today's award for stating the obvious is given to benjcake. Here he is with his prize

We'll be okay.

Those lovely lads from Wakie will do a walk for us.

Why? It's far too simplistic to just take that figure into account. Of course no business can operate losing money forever but I wouldn't worry too much. Besides what's to say that Ken Davy being behind the club is the reason they went out spending money in an effort to ensure the long term viability of the club. For example that free match against the Catalans. That would have cost a fortune but it had the desired effect right? They sold more 2009 season tickets didn't they?

The clubs finances are fluid and they have some impressive fixed asset. i would suggest they are in a healthier position than a lot of clubs.

All the figures I have checked out so far in that table are valid.

You CAN get Leeds figures. Go search for company no 00028301. They made £1.25m, but that is a bit misleading, cos that was after a £1.47m profit relating to the sale of the cricket ground so they actually made a loss without that - attributed to repairs on the South Stand.

Warrington overall actually lost £55k more than the figure quoted - if you do a pro-forma consolidation of the (technically insolvent) rugby club and its well-endowed (cos of stadium) parent.

Wakefield are still overdue with filing their accounts (maybe their auditors are chewing over the going concern question...?)

WILL WHOEVER EDITED MY POST PLEASE DESIST OR I WILL COMPLAIN TO SITE ADMIN

If any of you guys are interested (some will already be aware, I presume):

1. Huddersfield Giants (the club) - the reported loss is correct, and the balance sheet shows a massive net liabilities position of well over £5m. That is a bad case of technically insolvent, and the accounts have been prepared on a Going Concern basis because Ken Davy has pledged his ongoing financial support. It is, incidentally, the old Sheffield Eagles company.

2. The club is owned by Huddersfield Sporting Pride Ltd (in turn controlled by Ken Davy), That company, as an entity, has a balance sheet with net assets of just over £1m, and as an entity it breaks even. This is the original Huddersfield Rugby League company which bought the Sheffield Eagles company.

Add 1 & 2 together (group accounts are not prepared) and you still have a massive loss and a massive net liabilities situation.

3. HOWEVER, Huddersfield Sporting Pride Ltd ALSO owns 60% (and so it is also a subsidiary) of Kirklees Stadium Development Ltd - the stadium company. THAT company made about £1/3m and has net assets of nearly £11m.

If group accounts were prepared (and I've not bothered getting the stadium accounts so I am assuming there is nothing daft in there) then you'd have a big loss still but a solvent balance sheet with half-decent net assets. Unless there were any big consolidation adjustments.

But the rugby club in isolation - financial position dire. If Ken Davy suddenly found it necessary to stop supporting the club financially, and no-one else stepped in with maybe £6m or more, then things would go very bad very quickly. But that is not news to anyone, is it, since Davy's support (and its implications) is fully understood by pretty well everyone, and no-one expects him to walk away anytime soon? But what will happen when he finally wants to call it a day?

Yes, all very interesting, but whats your point?