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Following on from the Bulls debacle and mismanagement, Rugby Leaguer suggests Warrington are running substantial losses which are being ''covered'' by Simon Moran.
I don't understand - I thought we were in good financial health.
We have a large turnover so the £1.65M salary cap is far less than 50%.
I know Moran has pumped cash in at various times through his companies ( in the early years) but I can't believe that - being a very astute businessman - he'd let that situation continue for long.
Can anyone clarify?
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I should imagine the vast majority of professional sporting clubs in this country are running at a loss. Some are lucky to have a sugar-daddy, God knows how others keep going, especially in lower leagues on the crowds they get.
Maybe it is time that a big name club went to the wall..Glasgow Rangers, Bradford Bulls ( Hope not), just to show other clubs how not to be financially run.
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Wigan fans will smell this thread like a juicy steak and kidney pie.
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With the truth being available to anybody willing to spend £1.50 on each year's accounts you'd hope that journalists would be willing to do a little bit of research to discover the truth.
However having to spend £6 or so would probably wipe our Rugby Leaguer's research budget for the year.
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| Quote Paul Youane="Paul Youane"With the truth being available to anybody willing to spend £1.50 on each year's accounts you'd hope that journalists would be willing to do a little bit of research to discover the truth.
However having to spend £6 or so would probably wipe our Rugby Leaguer's research budget for the year.'"
Peter Hood shouldn't be allowed to spread malicious false gossip about how other clubs run their businesses. Just because he's made (and is continuing to make) and a mess at Bradford, doesn't mean everyone is. As you say the accounts clearly state any director's cash inputs and the idea that we need constant propping up with millions of pounds is ridiculous. We've even made a profit some years recently! |
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Published accounts never give an accurate view of a businesses financial status.
Only the board will know the true picture, no point speculating.
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Yup. Apparently Bradfords accounts showed them in the black due to fixed assets etc, the problem is they haven't actually got any cash to pay players or creditors. Only the Bradford board knew how far up creek they were, and they conveniently waited until they had the licence renewal before they shed any light on this.
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Hopefully the rugby league community will rally round us after reading this and fans from all clubs will contribute funds to help us out.
After all no matter what club you support RL is a great family and nobody wants to see another club go to the wall.
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Sue the s.
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If he took the time to visit www.duedil.com (free companies house information) and searched for Warrington Sports Holdings Limited he would see that we made a profit of £211,108 for 2010 and a profit of £27,783 for 2009. No accounts data for 2011 available for free at the moment, but if he has some spare cash from the supporters he's fleecing he could pay for them.
Bradford turnover for 2010 £3,956,715
Warrington turnover for 2010 £6,016,839
We might actually have a loss showing for 2011 but if we have it's down to building 2 new corners while the going is good.
Quote Wigan fans will smell this thread like a juicy steak and kidney pie.'"
Not if they take a look at Wigan Rugby League Club Limited. |
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If he took the time to visit www.duedil.com (free companies house information) and searched for Warrington Sports Holdings Limited he would see that we made a profit of £211,108 for 2010 and a profit of £27,783 for 2009. No accounts data for 2011 available for free at the moment, but if he has some spare cash from the supporters he's fleecing he could pay for them.
Bradford turnover for 2010 £3,956,715
Warrington turnover for 2010 £6,016,839
We might actually have a loss showing for 2011 but if we have it's down to building 2 new corners while the going is good.
Quote Wigan fans will smell this thread like a juicy steak and kidney pie.'"
Not if they take a look at Wigan Rugby League Club Limited. | |
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So basically we can't trust published accounts anymore? I appreciate theyll always be dodgy punters but to suggest theyre often lies? FCUK me. I've heard some crap on these boards.
As for Hood, like SEB said. He's the last person to get on his high horse. I'd sooner take financial advice from Brewster.
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| Quote Ian 77 Redux="Ian 77 Redux"So basically we can't trust published accounts anymore? I appreciate theyll always be dodgy punters but to suggest theyre often lies? French Connection UK me. I've heard some crap on these boards.
As for Hood, like SEB said. He's the last person to get on his high horse. I'd sooner take financial advice from Brewster.'"
It's not that published accounts are lies but it's easy for a company's accounts to disguise its underlying financial problems.
Portsmouth FC, Glasgow Rangers and all the major banks that went bust were publishing their accounts every year but still it took everyone by surprise when they got into trouble, but that trouble had been brewing for a long time. |
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