FORUMS FORUMS






RLFANS.COM
Celebrating
25 years service to
the Rugby League
Community!

  

Home Halifax Panthers Accounts



Post new topic Reply to topic  [ 130 posts ]  Go to page 1, 2, 3, 4, 5 ... 13  Next
Author Message
 Post subject: Accounts
PostPosted: Wed Aug 28, 2024 9:21 am 
International Chairman
International Star
User avatar

Joined: Dec 22 2001
Posts: 6616
Location: Halifax, the sleeping giants of Rugby League
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.






AM I RIGHT? I'M NOT WRONG!

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 9:45 am 
International Chairman
International Star
User avatar

Joined: Dec 22 2001
Posts: 6616
Location: Halifax, the sleeping giants of Rugby League
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.






AM I RIGHT? I'M NOT WRONG!

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 4:57 pm 
International Chairman
International Star
User avatar

Joined: Dec 22 2001
Posts: 6616
Location: Halifax, the sleeping giants of Rugby League
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!






AM I RIGHT? I'M NOT WRONG!

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 5:01 pm 
Club Coach
International Star
User avatar

Joined: Feb 18 2005
Posts: 9527
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.







"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid."― Albert Einstein


"Everybody gets so much information all day long that they lose their common sense." ― Gertrude Stein


"Don't believe everything you read on the internet" ― Abraham Lincoln

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 5:49 pm 
International Star
Club Captain

Joined: Oct 26 2010
Posts: 4572
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.

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 7:02 pm 
International Star
First Team Player
User avatar

Joined: Jan 14 2014
Posts: 1103
Don’t Whitehaven own their own ground. They might get in to SL

Top
   
 
 Post subject: Re: Accounts
PostPosted: Wed Aug 28, 2024 8:33 pm 
Club Owner
First Team Player

Joined: Apr 02 2004
Posts: 1276
Location: Not there
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.....

Top
   
 
 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 7:45 am 
Club Owner
First Team Player

Joined: Apr 02 2004
Posts: 1276
Location: Not there
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.

Top
   
 
 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 9:57 am 
International Chairman
International Star
User avatar

Joined: Dec 22 2001
Posts: 6616
Location: Halifax, the sleeping giants of Rugby League
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.






AM I RIGHT? I'M NOT WRONG!

Top
   
 
 Post subject: Re: Accounts
PostPosted: Thu Aug 29, 2024 10:40 am 
International Chairman
International Star
User avatar

Joined: Dec 22 2001
Posts: 6616
Location: Halifax, the sleeping giants of Rugby League
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






AM I RIGHT? I'M NOT WRONG!

Top
   
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 130 posts ]  Go to page 1, 2, 3, 4, 5 ... 13  Next





It is currently Thu Nov 21, 2024 7:43 pm


Who is online

Users browsing this forum: GaryC and 56 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  


It is currently Thu Nov 21, 2024 7:43 pm
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
2m
Salford placed in special measures
FIL
94
19m
Film game
Wanderer
5587
21m
Assistant Coach - Langley
The Biffs Ba
28
32m
Fixtures
Wollo-Wollo-
9
40m
Game - Song Titles
Wanderer
40713
41m
Catalan Away
Dannyboywt1
1
47m
DoR - New Coach - Investor & Adam - New signings
The Dentist
4004
54m
Noah Booth out on loan
Willzay
16
Recent
2025 Betfred Super League Fixtures
rollin thund
4
Recent
Fixtures 2025
ComeOnYouUll
60
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
53s
Rumours and signings v9
tyr
28893
1m
2025 Betfred Super League Fixtures
rollin thund
4
1m
Assistant Coach - Langley
The Biffs Ba
28
1m
Shopping list for 2025
Dave K.
5572
1m
Leeds away first up
WT_Midlander
36
1m
2025 fixtures
karetaker
14
1m
Catalan Away
Dannyboywt1
1
2m
Transfer Talk V5
Clearwing
494
2m
TV Games - Not Hull
WIZEB
3079
2m
2025 Betfred Super League Fixtures
RLFANS News
1
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Catalan Away
Dannyboywt1
1
TODAY
2025 Betfred Super League Fixtures
RLFANS News
1
TODAY
2025 fixtures
karetaker
14
TODAY
Fixtures
Wollo-Wollo-
9
TODAY
Salford
rubber ducki
8
TODAY
WCC Off
NickyKiss
10
TODAY
Leeds away first up
WT_Midlander
36
TODAY
Jake McLoughlin
Wanderer
1
TODAY
Assistant Coach - Langley
The Biffs Ba
28
TODAY
Noah Booth out on loan
Willzay
16
TODAY
Luke Gale testimonial match
BarnsleyGull
2
TODAY
England 5 - 0 Ireland
Sadfish
1
TODAY
Magic Weekend 2025 - Back To Newcastle
RLFANS News
1
NEWS ITEMS
VIEWS
2025 Betfred Super League Fixt..
233
Magic Weekend 2025 - Back To N..
471
England Beat Samoa To Take Tes..
1234
England's Women Demolish The W..
1063
England Beat Samoa Comfortably..
1297
Operational Rules Tribunal –..
1090
IMG-RFL club gradings released..
1350
Wakefield Trinity Win Champion..
1896
Hunslet Secure Promotion After..
2115
Trinity Into Play Off Final Af..
2358
Wigan Warriors Crowned Champio..
1933
York Valkyrie Win Back to Back..
2168
Hunslet Book Relegation Play O..
2635
Penrith Panthers Secure Fourth..
2060
Wigan Humiliate Leigh For Gran..
2140
RLFANS Match Centre
Matches on TV
Thu 13th Feb
SL
20:00
Wigan-Leigh
Fri 14th Feb
SL
20:00
Hull KR-Castleford
SL
20:00
Catalans-Hull FC
Sat 15th Feb
SL
15:00
Leeds - Wakefield
SL
17:30
St.Helens-Salford
Sun 16th Feb
SL
15:00
Huddersfield-Warrington
Thu 20th Feb
SL
20:00
Wakefield - Hull KR
Fri 21st Feb
SL
20:00
Warrington-Catalans
SL
20:00
Hull FC-Wigan
Sat 22nd Feb
SL
15:00
Salford-Leeds
SL
20:00
Castleford-St.Helens
Sun 23rd Feb
SL
14:30
Leigh-Huddersfield
This is an inplay table and live positions can change.
Mens Betfred Super League XXVIII ROUND : 1
 PLDFADIFFPTS
Wigan 29 768 338 430 48
Hull KR 29 731 344 387 44
Warrington 29 769 351 418 42
Leigh 29 580 442 138 33
Salford 28 556 561 -5 32
St.Helens 28 618 411 207 30
 
Catalans 27 475 427 48 30
Leeds 27 530 488 42 28
Huddersfield 27 468 658 -190 20
Castleford 27 425 735 -310 15
Hull FC 27 328 894 -566 6
LondonB 27 317 916 -599 6
This is an inplay table and live positions can change.
Betfred Championship 2024 ROUND : 1
 PLDFADIFFPTS
Wakefield 27 1032 275 757 52
Toulouse 26 765 388 377 37
Bradford 28 723 420 303 36
York 29 695 501 194 32
Widnes 27 561 502 59 29
Featherstone 27 634 525 109 28
 
Sheffield 26 626 526 100 28
Doncaster 26 498 619 -121 25
Halifax 26 509 650 -141 22
Batley 26 422 591 -169 22
Swinton 28 484 676 -192 20
Barrow 25 442 720 -278 19
Whitehaven 25 437 826 -389 18
Dewsbury 27 348 879 -531 4
Hunslet 1 6 10 -4 0
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
2m
Salford placed in special measures
FIL
94
19m
Film game
Wanderer
5587
21m
Assistant Coach - Langley
The Biffs Ba
28
32m
Fixtures
Wollo-Wollo-
9
40m
Game - Song Titles
Wanderer
40713
41m
Catalan Away
Dannyboywt1
1
47m
DoR - New Coach - Investor & Adam - New signings
The Dentist
4004
54m
Noah Booth out on loan
Willzay
16
Recent
2025 Betfred Super League Fixtures
rollin thund
4
Recent
Fixtures 2025
ComeOnYouUll
60
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
53s
Rumours and signings v9
tyr
28893
1m
2025 Betfred Super League Fixtures
rollin thund
4
1m
Assistant Coach - Langley
The Biffs Ba
28
1m
Shopping list for 2025
Dave K.
5572
1m
Leeds away first up
WT_Midlander
36
1m
2025 fixtures
karetaker
14
1m
Catalan Away
Dannyboywt1
1
2m
Transfer Talk V5
Clearwing
494
2m
TV Games - Not Hull
WIZEB
3079
2m
2025 Betfred Super League Fixtures
RLFANS News
1
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Catalan Away
Dannyboywt1
1
TODAY
2025 Betfred Super League Fixtures
RLFANS News
1
TODAY
2025 fixtures
karetaker
14
TODAY
Fixtures
Wollo-Wollo-
9
TODAY
Salford
rubber ducki
8
TODAY
WCC Off
NickyKiss
10
TODAY
Leeds away first up
WT_Midlander
36
TODAY
Jake McLoughlin
Wanderer
1
TODAY
Assistant Coach - Langley
The Biffs Ba
28
TODAY
Noah Booth out on loan
Willzay
16
TODAY
Luke Gale testimonial match
BarnsleyGull
2
TODAY
England 5 - 0 Ireland
Sadfish
1
TODAY
Magic Weekend 2025 - Back To Newcastle
RLFANS News
1
NEWS ITEMS
VIEWS
2025 Betfred Super League Fixt..
233
Magic Weekend 2025 - Back To N..
471
England Beat Samoa To Take Tes..
1234
England's Women Demolish The W..
1063
England Beat Samoa Comfortably..
1297
Operational Rules Tribunal –..
1090
IMG-RFL club gradings released..
1350
Wakefield Trinity Win Champion..
1896
Hunslet Secure Promotion After..
2115
Trinity Into Play Off Final Af..
2358
Wigan Warriors Crowned Champio..
1933
York Valkyrie Win Back to Back..
2168
Hunslet Book Relegation Play O..
2635
Penrith Panthers Secure Fourth..
2060
Wigan Humiliate Leigh For Gran..
2140


Visit the RLFANS.COM SHOP
for more merchandise!












.