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Leeds are a relative Goliath of an outfit in our sport, fully accept that.
I'm not seeing turnover figures in there for Saints and Wigan, though. A quick Google suggests Wigan were around £6.5m in 2012, so they're likely slightly over the threshold for abbreviated accounts, which doesn't necessarily mean we're a long way behind. Saints not being able to file abbreviated accounts may not be turnover related at all. With the new stadium I'd be very surprised if they don't now exceed the balance sheet and employees requirements regardless of turnover. Also in the case of Saints, they have at best been around breaking even point for several years but still outperforming us, which again comes back to spending more wisely than rather than having a significant financial advantage.
And of course another point is that we're not even 4th behind these big boys. Maybe if we were we might start to see some improvement in our financial position.
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Leeds are a relative Goliath of an outfit in our sport, fully accept that.
I'm not seeing turnover figures in there for Saints and Wigan, though. A quick Google suggests Wigan were around £6.5m in 2012, so they're likely slightly over the threshold for abbreviated accounts, which doesn't necessarily mean we're a long way behind. Saints not being able to file abbreviated accounts may not be turnover related at all. With the new stadium I'd be very surprised if they don't now exceed the balance sheet and employees requirements regardless of turnover. Also in the case of Saints, they have at best been around breaking even point for several years but still outperforming us, which again comes back to spending more wisely than rather than having a significant financial advantage.
And of course another point is that we're not even 4th behind these big boys. Maybe if we were we might start to see some improvement in our financial position.
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| Quote ="Mild mannered Janitor"The £11m turnover for Leeds, is this solely the Rhinos or does thus include the Union team? What I do know is, their corporate hospitality is huge in comparison to any other RL club in the UK. Not sure if the Rhinos own their stadium, but I think it maybe part of Caddicks business empire. St's do have their own stadium which I'd imagine they have a decent mortgage to finance it.
Anyway. Realistically what would make the opinion of the stay away fans change? Is it a matter of changing the coach or is it going to take a sustained period of winning to get bums on seats?'"
Winning will obviously increase gates but the coup for Pearson would be to appoint a first class coach.That would have a bigger impact on fans buying a season pass than signing The likes of Pritchard.It would also show fans he has admitted his mistake appointing Radford.
Apart from Pearson there are very few people who have any faith left in Radford as a coach. |
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| Player Coach | 5214 | No
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| Aug 2006 | 18 years | |
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| Sep 2024 | Sep 2024 | LINK |
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| Quote ="Mild mannered Janitor"The £11m turnover for Leeds, is this solely the Rhinos or does thus include the Union team? What I do know is, their corporate hospitality is huge in comparison to any other RL club in the UK. Not sure if the Rhinos own their stadium, but I think it maybe part of Caddicks business empire. St's do have their own stadium which I'd imagine they have a decent mortgage to finance it.
Anyway. Realistically what would make the opinion of the stay away fans change? Is it a matter of changing the coach or is it going to take a sustained period of winning to get bums on seats?'"
No. Saints have no bank debt, and was majorly financed (currently £15m) by a friend of Eamon McManus who also happens to be a Saints fan. The club can pay this back at any rate, and any debt remaining at the end of the 2018 will be liquidated into shares (or postponed) and the club will again be completely debt free. It will all come down to whether McManus wants to retire, and if he does the baton will be passed into a fan whose already proven his commitment financially (or at least that's my current understanding) |
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| Player Coach | 30380 | No
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| Mar 2007 | 18 years | |
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| Quote ="Magic Superbeetle"No. Saints have no bank debt, and was majorly financed (currently £15m) by a friend of Eamon McManus who also happens to be a Saints fan. The club can pay this back at any rate, and any debt remaining at the end of the 2018 will be liquidated into shares (or postponed) and the club will again be completely debt free. It will all come down to whether McManus wants to retire, and if he does the baton will be passed into a fan whose already proven his commitment financially (or at least that's my current understanding)'"
Interesting. If that's the case, how come saints were so skint during the build process? |
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| Player Coach | 5214 | No
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| Quote ="Jake the Peg"Interesting. If that's the case, how come saints were so skint during the build process?'"
Mcmanus still poured a lot of his own funds into the project, as well as modernising the training and youth facilities as an aside, and paying off directors loans we had outstanding from the early days of SL at the same time - i think McManus + sale of kr made up the remaining £10m for the stadium. I also think an element of idealism (a saints team in a saints stadium) meant we could have invested more in the playing side but chose not to - but that's more personal conjecture than what the accounts say.
I'll have a closer look on the saints accounts when they're published like I always do, but I'm 95% that's what was gleaned from last years accounts, and presume the accounts this year say the same... |
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| Player Coach | 30380 | No
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| Mar 2007 | 18 years | |
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| Quote ="Magic Superbeetle"Mcmanus still poured a lot of his own funds into the project, as well as modernising the training and youth facilities as an aside, and paying off directors loans we had outstanding from the early days of SL at the same time - i think McManus + sale of kr made up the remaining £10m for the stadium. I also think an element of idealism (a saints team in a saints stadium) meant we could have invested more in the playing side but chose not to - but that's more personal conjecture than what the accounts say.
I'll have a closer look on the saints accounts when they're published like I always do, but I'm 95% that's what was gleaned from last years accounts, and presume the accounts this year say the same...'"
Whatever, you're in a much better financial position than us |
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