26 replies to this topic

[Padge]

and thats exactly why I didn't say that.

I didn't say you did, I was adding to your comment not arguing with it.

Not every reply is picking an argument.

[RS]

Oh yes it is

[TWD]

Chances are that its a paper loss anyway, Directors Loans etc, its does not always mean that the club owe that sort of money on real terms.

Saints have actually used their overdraft to fund a lot of the losses in 2009 - their overdraft as at 31st October 2009 (date of the accounts) was £543,781. An overdraft like that does not come cheap.

[Padge]

Saints have actually used their overdraft to fund a lot of the losses in 2009 - their overdraft as at 31st October 2009 (date of the accounts) was £543,781. An overdraft like that does not come cheap.

What is the overdraft against turnover though?

[cookey]

Surely the concern should not be the £860,000 loss,but losing that money in a year when they won the Cup and got to the Grand Final. Clubs surely must budget to break even in an 'average' season,not a successful one.

[Dave T]

Surely the important thing here is what Saints forecasts were.

If they budgeted to have this loss, then there are no issues. If this loss came as a result of missing key targets around sponsorship and income then it is a bigger issue.

Plenty of companies plan to lose money as part of a longer term growth plan.

[Jill Halfpenny fan]

I remember reading somewhere an iterview with Eamon McManus where he said that it was actually cheaper to hire out the Halton Stadium for a year than it was to continue to repair & maintain Knowsley Road.

This is appalling news for the rate payers of Halton.

Nothing less than a substancial increase is required.