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Saints lose 861,810 in 08/09


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#21 Padge

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Posted 17 August 2010 - 06:24 PM

QUOTE (RS @ Aug 17 2010, 07:17 PM) <{POST_SNAPBACK}>
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. rolleyes.gif

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#22 RS

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Posted 17 August 2010 - 06:29 PM

Oh yes it is

#23 TWD

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Posted 17 August 2010 - 08:04 PM

QUOTE (markleeds @ Aug 17 2010, 04:02 PM) <{POST_SNAPBACK}>
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.

#24 Padge

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Posted 17 August 2010 - 11:01 PM

QUOTE (TWD @ Aug 17 2010, 09:04 PM) <{POST_SNAPBACK}>
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?



Visit my photography site www.padge.smugmug.com
Radio 5 Live: Saturday 14 April 2007
Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.


#25 cookey

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Posted 18 August 2010 - 08:37 AM

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.

#26 Dave T

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Posted 18 August 2010 - 08:52 AM

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.

#27 Jill Halfpenny fan

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Posted 18 August 2010 - 09:52 AM

QUOTE (Saint Toppy @ Aug 17 2010, 03:57 PM) <{POST_SNAPBACK}>
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.
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