Joined: Feb 01 2006 Posts: 1782 Location: Hull (East of Course!)
From a post on leagueunlimited. no idea where they came from but here they are anyways:
Quote:I've been reading another forum where they publish the financial results of the clubs. It doesn't make good reading and one has to wonder if its possible for SL to remain as it is once the next TV deal is negotiated. With the economic downturn, the demise of Setanta and with the Union-biased domestic channels not being interested in bidding, Sky will surely slice a huge chunk off the next deal. That IMO will make SL as it currently is no longer viable.
Hull FC -PROFIT £185,000 Bradford - Loss £17,000 Warrington - Loss £212,000 Cas - Loss £369,000 Saints - Loss £449,000 Hull KR - Loss £478,000 Wigan - Loss £592,000 Salford - Loss £832,000 Huddersfield - Loss £1,377,000 Harlequins - Loss £1,819,000
Wakefield - Have not filed accounts and recently faced a winding up order, so it's unlikely theirs will be good. Same with Celtic.
The clubs bolded simply don't have the backing to survive many more years like that. Clubs will fold in the coming years, the sport seems to be shrinking at professional level, with franchises becoming less viable due to the costs. This means even less media coverage (Is less than none possible?) and even fewer people playing the game.
From a post on leagueunlimited. no idea where they came from but here they are anyways:
Quote:I've been reading another forum where they publish the financial results of the clubs. It doesn't make good reading and one has to wonder if its possible for SL to remain as it is once the next TV deal is negotiated. With the economic downturn, the demise of Setanta and with the Union-biased domestic channels not being interested in bidding, Sky will surely slice a huge chunk off the next deal. That IMO will make SL as it currently is no longer viable.
Hull FC -PROFIT £185,000 Bradford - Loss £17,000 Warrington - Loss £212,000 Cas - Loss £369,000 Saints - Loss £449,000 Hull KR - Loss £478,000 Wigan - Loss £592,000 Salford - Loss £832,000 Huddersfield - Loss £1,377,000 Harlequins - Loss £1,819,000
Wakefield - Have not filed accounts and recently faced a winding up order, so it's unlikely theirs will be good. Same with Celtic.
The clubs bolded simply don't have the backing to survive many more years like that. Clubs will fold in the coming years, the sport seems to be shrinking at professional level, with franchises becoming less viable due to the costs. This means even less media coverage (Is less than none possible?) and even fewer people playing the game.
Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
Scott_HKR wrote:Agreed. I mean, there's no proof or anything, but like u say, puts our losses in the frame with the rest of em
It does. These only show the financial results for 2008, a single year, though and not the overall balance sheet.
What I would say is that few clubs operate with robust business models that are self-sustaining, apart from Leeds and Hull FC, which is disappointing. Whether it's Davy at Huddersfield, Wilkinson at Salford or Moran at Warrington, there is huge over-reliance on individual benefactors to just keep putting their hands in their pocket. The salary cap is working in terms of levelling out the competition, but not in terms of helping clubs manage their financial positions responsibly. You do have to wonder how much longer the operation in London will go on and what purpose it serves other than a weekend away for supporters of the other clubs.
Joined: Feb 01 2006 Posts: 1782 Location: Hull (East of Course!)
The amount of money that the RFL have put into Cetic and Quins would make interesting reading. To see them record heavy losses as they have done here, and with the financial help of the RFL, doesn't say much for their business management.
Also, think before long, the RFL will have to hone in more on the more close to home rugby clubs, instead of trying to "expand" the game to hopeless causes.
Joined: Jul 15 2005 Posts: 29811 Location: West Yorkshire
Scott_HKR wrote:The amount of money that the RFL have put into Cetic and Quins would make interesting reading. To see them record heavy losses as they have done here, and with the financial help of the RFL, doesn't say much for their business management.
Also, think before long, the RFL will have to hone in more on the more close to home rugby clubs, instead of trying to "expand" the game to hopeless causes.
Fully agree. Catalans has been great IMO - competitive team, strong local interest and support, but if London and Celtic were replaced by Widnes and Halifax can't say I'd be bothered. Wonder how much money's been spent trying to get London going over 30 years for what - gates of 3k? Time to stop throwing good money after bad IMO.
Joined: Feb 01 2006 Posts: 1782 Location: Hull (East of Course!)
Totally agree.
Gonna add, this is probably the only time I'll say that lol.
Think they'd do a lot more harm than good by sticking perpingan in the frame too. Can see them getting the backing from the RFL, after all they stuck them in NL2
Mrs Barista wrote:Fully agree. Catalans has been great IMO - competitive team, strong local interest and support, but if London and Celtic were replaced by Widnes and Halifax can't say I'd be bothered. Wonder how much money's been spent trying to get London going over 30 years for what - gates of 3k? Time to stop throwing good money after bad IMO.
Agree, can you see the RFL putting their hand up and admitting that expansion into non RL areas doesnt work so is no longer on the agenda?
Joined: Sep 01 2006 Posts: 5139 Location: Wall Street
Big Dave T wrote:Agree, can you see the RFL putting their hand up and admitting that expansion into non RL areas doesnt work so is no longer on the agenda?
Not a chance while Sky is bankrolling the game.
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It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.
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