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Warrington Make £344,000 Profit in 2012


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#1 Auntie Linzi Morris

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Posted 03 July 2013 - 06:36 PM

A thread on another RL website reports that Warrington made a £344,000 profit in 2012.

That's an amazing figure and would have been the stuff of fantasy had it been suggested possible only a few years ago.

Excellent news.

#2 ELBOWSEYE

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Posted 03 July 2013 - 06:49 PM

The figure is great but says more about them owning their own stadium and the revenue gained away from match days. They have certainly worked hard there. But they need to promote match days with crowds dipping slightly, they need to look at Wigan who because they are tenants not owners push match days to maximise revenue.

#3 Rob

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Posted 03 July 2013 - 07:23 PM

Great news for Warrington and the Sport, showing that although its handy having a sugar daddy for the initial investment, but once reasonably successful a club can run at a healthy profit without necessarily being a millstone round an owners neck.

This is the largest profit I can recall any club in the game making. What profits do the other 'profitable' clubs in the game make?

#4 Rob

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Posted 03 July 2013 - 07:25 PM

But they need to promote match days with crowds dipping slightly, they need to look at Wigan who because they are tenants not owners push match days to maximise revenue.


I don't understand why a club needs to be a tenant in a stadium in order to push match days to maximise revenue.

#5 roughyedspud

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Posted 03 July 2013 - 07:25 PM

can we get together a list of what super league clubs have made/lost in 2011,2012 etc

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#6 Rob

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Posted 03 July 2013 - 07:43 PM

This might make a few smile

 

Bulls make £258,594 profit:

 

http://www.therfl.co...s/article/11960

 

 



#7 bedlam breakout

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Posted 03 July 2013 - 08:10 PM

was most of it from what solomona spent at the pie stand?


the inside of a 3star halex table tennis ball smells much like you'd expect it to.

#8 roughyedspud

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Posted 03 July 2013 - 08:12 PM

its not all doom & gloom as some people think....

more super league clubs make a profit,break even or make a small loss than lose something to worry about...


compare that to NRL where practically all clubs lose millions a year....only brisbane reportedly make a profit..

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#9 Bomballey

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Posted 03 July 2013 - 08:20 PM

A thread on another RL website reports that Warrington made a £344,000 profit in 2012.

That's an amazing figure and would have been the stuff of fantasy had it been suggested possible only a few years ago.

Excellent news.


Impressed. Hope for all clubs out there...

#10 South Wakefield Sharks

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Posted 03 July 2013 - 08:36 PM

The figure is great but says more about them owning their own stadium and the revenue gained away from match days. They have certainly worked hard there. But they need to promote match days with crowds dipping slightly, they need to look at Wigan who because they are tenants not owners push match days to maximise revenue.

 

And the problem is?  If they are making a profit and are successful on the pitch. Sounds like a pretty good business model to me, if they are managing to bring income into the game from outside the traditional fan base.



#11 goldcoaster

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Posted 04 July 2013 - 06:08 AM

This might make a few smile
 
Bulls make £258,594 profit:[/size]
 
http://www.therfl.co...s/article/11960


That article is 5 years old
Posted Image

Posted Image

#12 boxhead

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Posted 04 July 2013 - 07:39 AM

its not all doom & gloom as some people think....

more super league clubs make a profit,break even or make a small loss than lose something to worry about...


compare that to NRL where practically all clubs lose millions a year....only brisbane reportedly make a profit..

The Oz Clubs do not all lose money though Spud.

Only the Broncos open their book up for scrutiny and that is because they are obliged to by law as a Company, they also benefit from being a one team Club in a pretty decent sized City so they get the Sponsors and high Crowds etc.
Most of the other Leagues Clubs tick over in one form or another, they are propped up by massive Licensed leagues clubs that have Gambling as their major source of revenue "Pokies"

These Clubs are an integral part of the League team and were developed to support that team and fund them.

Without the League team these Leagues Clubs would not exist, they are the commercial licensed arm of the team.

Many Leagues Clubs turnover big money, what the give as a grant to the NRL Club has lots to do with Tax law etc.

Have a look at this Link.

http://www.easg.org/...ate_Roberts.pdf



#13 getdownmonkeyman

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Posted 04 July 2013 - 08:58 AM

http://www.insiderme...orth-west/93621-



#14 Exiled Wiganer

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Posted 04 July 2013 - 09:09 AM

Good work. What's encouraging about this is that, despite having a sugar daddy, they clearly run themselves as a proper business. The temptation could have been to cut corners because everything was always going to be taken care of. They are a model club in many ways. If they could upgrade the quality of their supporters, they would be a flagship club :) .

#15 markleeds

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Posted 04 July 2013 - 09:46 AM

Well done Warrington, the owners of these clubs are wealthy because they are savvy and know how to run a successful operation without wasting costs.

If you watched the programme where Peter Jones met the owner of the Range you saw an example of a great business man. He chases every last penny owed to him, down to an invoice for about £1.75.

#16 Dave T

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Posted 04 July 2013 - 10:50 AM

Good work. What's encouraging about this is that, despite having a sugar daddy, they clearly run themselves as a proper business. The temptation could have been to cut corners because everything was always going to be taken care of. They are a model club in many ways. If they could upgrade the quality of their supporters, they would be a flagship club :) .

OI! Behave  :sleep:



#17 Leeds Wire

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Posted 04 July 2013 - 11:08 AM

Link doesn't work, you just missed the dash at the end on your hyperlink.

 

Interesting stuff though: "Operating profit in the year to 30 November 2012 rose from a 2011 loss of £18,900 to a profit of £468,923"

 

That's an impressive figure, especially when you consider the capital investment in the stadium.



#18 roughyedspud

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Posted 04 July 2013 - 11:40 AM

was'nt that £18,900 loss largely due to a unexpected bill from HMRC over image rights or something..??

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#19 nathanwood7

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Posted 04 July 2013 - 11:47 AM

was'nt that £18,900 loss largely due to a unexpected bill from HMRC over image rights or something..??

 

Yeah there was a c.£250k exceptional cost for image rights to HMRC in the FY12 accounts. There is an increase in debt in the current year which corresponds to the building work on the stadium and some of this debt is underwritten by Simon Moran which has meant Warrington have benefited from having a rich owner (as debt would have been either unavailable or more expensive without his support), albeit he has supported the club in the right way by investing in areas which will allow the club to become profitable at an operating level, and therefore financially viable in the long term.

 

I would expect the results next year to continue to be strong as a number of commercial contracts are expiring 10 years after the stadium opened and should be renegotiated favourably (i.e. stadium catering and sponsorship deals).



#20 Just Browny

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Posted 04 July 2013 - 11:53 AM

was'nt that £18,900 loss largely due to a unexpected bill from HMRC over image rights or something..??

 

Not so much unexpected, but we paid it early to bring down the amount down a little and put an end to it.

 

It's quite a profit considering we pay way above the salary cap and provide a generous pension to Super League's very own Dad's Army. Not to mention the costs of the stadium upgrade.


I can confirm 30+ less sales for Scotland vs Italy at Workington, after this afternoons test purchase for the Tonga match, £7.50 is extremely reasonable, however a £2.50 'delivery' fee for a walk in purchase is beyond taking the mickey, good luck with that, it's cheaper on the telly.





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