| |
Welcome to the NEW RLFANS.COM. After twenty-five years of service, the old site expired over the last few days. To maintain service we have had no option but to make an early switch to the new site which was in development/testing. Some elements of the new site are unfinished, such as; page numbering and quotations. We will fix these minor issues as soon as we can, please bear with us.
If you are having problems logging in, please try a different browser or platform, if problems persist then email support@rlfans.com
 |
| 
 |
| Rank | Posts | Team |
| Club Coach | 552 | No
Team
Selected |
| Joined | Service | Reputation |
| Jan 2005 | 20 years | |
| Online | Last Post | Last Page |
| Jun 2017 | Jun 2017 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
|
|
Grand final prize money is split between the players but the club certainly benefits from merchandise sales etc. />
The expansion was funded by some additional debt which I highly doubt has been paid off after a few months, regardless of a successful season. |
|
Grand final prize money is split between the players but the club certainly benefits from merchandise sales etc. />
The expansion was funded by some additional debt which I highly doubt has been paid off after a few months, regardless of a successful season. | |
|
| | |
| Rank | Posts | Team |
| Player Coach | 3648 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2010 | 15 years | |
| Online | Last Post | Last Page |
| Aug 2018 | Apr 2018 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
|
|
Rod Studd said on Back Chat the other week that Super League money is allocated to the top 8 in terms of when they were knocked out of the play offs, rather than where they finish after 27 rounds. Based on that, as finalists we should get a pretty nice pay cheque I would imagine.
| | | |
| Rank | Posts | Team |
| Moderator | 4694 | No
Team
Selected |
| Joined | Service | Reputation |
| Apr 2012 | 13 years | |
| Online | Last Post | Last Page |
| Feb 2025 | Feb 2025 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
Moderator
|
|
Quote ="Ganson's Optician"Rod Studd said on Back Chat the other week that Super League money is allocated to the top 8 in terms of when they were knocked out of the play offs, rather than where they finish after 27 rounds. Based on that, as finalists we should get a pretty nice pay cheque I would imagine.'"
That's interesting. When you look in the RFL rules they are very cagey about who gets what, and even say that it will be "decided from time to time". So it looks as though they decide on an annual basis. The CC by contrast is very clear about the prelim rounds and the Wembly gate money. />
Anyway, thanks for posting.
|
|
Quote ="Ganson's Optician"Rod Studd said on Back Chat the other week that Super League money is allocated to the top 8 in terms of when they were knocked out of the play offs, rather than where they finish after 27 rounds. Based on that, as finalists we should get a pretty nice pay cheque I would imagine.'"
That's interesting. When you look in the RFL rules they are very cagey about who gets what, and even say that it will be "decided from time to time". So it looks as though they decide on an annual basis. The CC by contrast is very clear about the prelim rounds and the Wembly gate money. />
Anyway, thanks for posting.
| |
|
| | |
| Rank | Posts | Team |
| Club Coach | 552 | No
Team
Selected |
| Joined | Service | Reputation |
| Jan 2005 | 20 years | |
| Online | Last Post | Last Page |
| Jun 2017 | Jun 2017 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
|
|
Quote ="Winslade's Offload"Nathan
Looking at the annual accounts;
We spent £854k on the stadium expansion in the last financial year. If you look at the reconciliation of net cash flow to movement in net debt, you will see that our net debt only increased from 2million to 2.3million though ( we took out a new long term loan of 600k but paid back 300k of other loans). Now have a look at note 21 'capital commitments' and you will see that the remainder of the stadium costs are 540k and will fall into the next financial year. />
If the profit windfall from the CC, GF and League is around 370k, we don't have to pay the one off image rights costs (268k), I would estimate that we would be clear of the stadium debts by the end of the financial year. />
I am not a professional accountant though.'"
It is really hard to say without having access to the accounts but I'd note the following:
- Although bank debt has only increased £0.3m, November is a time of high cash balances typically given upfront season ticket sales and therefore additional bank debt might not be required until later in the season. />
- Creditors are up £0.6m. Some of this could be associated with the stadium costs and might require additional bank debt to make good these payments in due course. This increase in creditors creates a net positive cash flow which masks a small underlying operating loss (£18k) making it unlikely that sufficient internal cash was being generated to cover the cost of the stadium without bank debt. />
- The capital commitments might not represent the full outstanding cost of the building, given this was what was contracted as at November. The figures quoted for the building work in the press seem higher than the figures you have highlighted, although it's interesting to see Lance James' company seems to have done a lot of the work looking at the related party transactions in the year so this might have been at a discount. />
This is all somewhat speculative however!?
|
|
Quote ="Winslade's Offload"Nathan
Looking at the annual accounts;
We spent £854k on the stadium expansion in the last financial year. If you look at the reconciliation of net cash flow to movement in net debt, you will see that our net debt only increased from 2million to 2.3million though ( we took out a new long term loan of 600k but paid back 300k of other loans). Now have a look at note 21 'capital commitments' and you will see that the remainder of the stadium costs are 540k and will fall into the next financial year. />
If the profit windfall from the CC, GF and League is around 370k, we don't have to pay the one off image rights costs (268k), I would estimate that we would be clear of the stadium debts by the end of the financial year. />
I am not a professional accountant though.'"
It is really hard to say without having access to the accounts but I'd note the following:
- Although bank debt has only increased £0.3m, November is a time of high cash balances typically given upfront season ticket sales and therefore additional bank debt might not be required until later in the season. />
- Creditors are up £0.6m. Some of this could be associated with the stadium costs and might require additional bank debt to make good these payments in due course. This increase in creditors creates a net positive cash flow which masks a small underlying operating loss (£18k) making it unlikely that sufficient internal cash was being generated to cover the cost of the stadium without bank debt. />
- The capital commitments might not represent the full outstanding cost of the building, given this was what was contracted as at November. The figures quoted for the building work in the press seem higher than the figures you have highlighted, although it's interesting to see Lance James' company seems to have done a lot of the work looking at the related party transactions in the year so this might have been at a discount. />
This is all somewhat speculative however!?
| |
|
| | |
| Rank | Posts | Team |
| Moderator | 4694 | No
Team
Selected |
| Joined | Service | Reputation |
| Apr 2012 | 13 years | |
| Online | Last Post | Last Page |
| Feb 2025 | Feb 2025 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
Moderator
|
|
Quote ="nathanwood7"It is really hard to say without having access to the accounts but I'd note the following:
- Although bank debt has only increased £0.3m, November is a time of high cash balances typically given upfront season ticket sales and therefore additional bank debt might not be required until later in the season. />
- Creditors are up £0.6m. Some of this could be associated with the stadium costs and might require additional bank debt to make good these payments in due course. This increase in creditors creates a net positive cash flow which masks a small underlying operating loss (£18k) making it unlikely that sufficient internal cash was being generated to cover the cost of the stadium without bank debt. />
- The capital commitments might not represent the full outstanding cost of the building, given this was what was contracted as at November. The figures quoted for the building work in the press seem higher than the figures you have highlighted, although it's interesting to see Lance James' company seems to have done a lot of the work looking at the related party transactions in the year so this might have been at a discount. />
This is all somewhat speculative however!?'"
Many thanks, that is very helpful and sheds light on the financial process. />
Could you perhaps have a look at note 12, which covers creditors falling due within one year. It strips out 'trade creditors' and 'other creditors' (and provides a comparison with 2010). Do you think they would include the stadium build in trade creditors ? And what is the 1.64M other creditors likely to be ? |
|
Quote ="nathanwood7"It is really hard to say without having access to the accounts but I'd note the following:
- Although bank debt has only increased £0.3m, November is a time of high cash balances typically given upfront season ticket sales and therefore additional bank debt might not be required until later in the season. />
- Creditors are up £0.6m. Some of this could be associated with the stadium costs and might require additional bank debt to make good these payments in due course. This increase in creditors creates a net positive cash flow which masks a small underlying operating loss (£18k) making it unlikely that sufficient internal cash was being generated to cover the cost of the stadium without bank debt. />
- The capital commitments might not represent the full outstanding cost of the building, given this was what was contracted as at November. The figures quoted for the building work in the press seem higher than the figures you have highlighted, although it's interesting to see Lance James' company seems to have done a lot of the work looking at the related party transactions in the year so this might have been at a discount. />
This is all somewhat speculative however!?'"
Many thanks, that is very helpful and sheds light on the financial process. />
Could you perhaps have a look at note 12, which covers creditors falling due within one year. It strips out 'trade creditors' and 'other creditors' (and provides a comparison with 2010). Do you think they would include the stadium build in trade creditors ? And what is the 1.64M other creditors likely to be ? | |
|
| | | |
| Rank | Posts | Team |
| Player Coach | 2866 | No
Team
Selected |
| Joined | Service | Reputation |
| Apr 2010 | 15 years | |
| Online | Last Post | Last Page |
| Dec 2019 | Nov 2019 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
|
TO BE FIXED |
|
|
I have not seen the 2011 accounts in full but one thing I can tell you. Unless you are a share holder and have received the FULL accounts and had chance to ask questions at the AGM you will NEVER be able to accurately interpret a set of financial accounts. There are too many areas where company A might interpret the same transaction in one way and company B in another. Each interpretation (although within the accounting rules) will be made based on the best requirements of the purpose the accounts are to be used for. />
In accountant speak "2 + 2 = .....what number did you have in mind?" |
|
I have not seen the 2011 accounts in full but one thing I can tell you. Unless you are a share holder and have received the FULL accounts and had chance to ask questions at the AGM you will NEVER be able to accurately interpret a set of financial accounts. There are too many areas where company A might interpret the same transaction in one way and company B in another. Each interpretation (although within the accounting rules) will be made based on the best requirements of the purpose the accounts are to be used for. />
In accountant speak "2 + 2 = .....what number did you have in mind?" | |
|
| | | |
| |
All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.
Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.
RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.
Copyright 1999 - 2025 RLFANS.COM
You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.
Please Support RLFANS.COM
|
|
| POSTS | ONLINE | REGISTRATIONS | RECORD |
|---|
| 19.67M +1 | 496 | 80,283 | 14,103 |
| LOGIN HERE
or REGISTER for more features!.
When you register you get access to the live match scores, live match chat and you can post in the discussions on the forums.
|
|
|
