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Auntie Linzi Morris

Warrington Make £344,000 Profit in 2012

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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.

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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.

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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?

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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.

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

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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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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...

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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.

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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/media/file/vienna2010/presentations/Thursday/1600/P6/3_Kate_Roberts.pdf

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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 :) .

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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.

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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:

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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.

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

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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).

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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.

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This is really good to see both for both Warrington and  Rugby League in general.  Hopefully this will be widely publicised in the media.  Presumably an element in the profit was the money generated by the trip to Wembley but I don't think a Wembley trip is as profitable ie in gate receipts has it was a few years ago.

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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/media/file/vienna2010/presentations/Thursday/1600/P6/3_Kate_Roberts.pdf

no andy.....NRL CLUBS DO LOSE MILLIONS EVERY YEAR.....

im on my phone so i can provide the links...but a CoO of a sydney NRL club stated last season that each & every sydney club starts the season knowing they are going to lose anywhere between $2-5 million that year......melbourne reportedly lose upto $10m a year....the titans & cronulla combinded debt was eye watering ,until they bailed out property investors,not the leagues clubs i might add...newcastle where also in the ###### over a unpaid tax bill of nigh on $2million iirc

people where shocked that super league clubs are £60m+ in debt.......NRL clubs lose that every year..yet fans still use the league clubs or the billion dollar tv deal as a bucket of sand inwhich to bury their heads.....as much as it pains me to say i reckon we'll see a couple or 3 NRL clubs go pop within 5 years..

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That article is 5 years old

 

Gold star for Goldcoaster.

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no andy.....NRL CLUBS DO LOSE MILLIONS EVERY YEAR.....

im on my phone so i can provide the links...but a CoO of a sydney NRL club stated last season that each & every sydney club starts the season knowing they are going to lose anywhere between $2-5 million that year......melbourne reportedly lose upto $10m a year....the titans & cronulla combinded debt was eye watering ,until they bailed out property investors,not the leagues clubs i might add...newcastle where also in the ###### over a unpaid tax bill of nigh on $2million iirc

people where shocked that super league clubs are £60m+ in debt.......NRL clubs lose that every year..yet fans still use the league clubs or the billion dollar tv deal as a bucket of sand inwhich to bury their heads.....as much as it pains me to say i reckon we'll see a couple or 3 NRL clubs go pop within 5 years..

 

 

 

 

 

 

That is not correct in general Spud.

The Titans do not have a Leagues Club to support them and Newcastle have a different set up to most Clubs regarding Leagues Club backing, they have a wealthy local benefactor ( a bit like some SL Clubs)

Cronulla have been a basket case for years, should have been merged, wound up a long time ago as they do not have the base to support themselves.

 

Who are the NRL Clubs in debt to? if they lose money every year why are they not insolvent and bust years ago?

The Clubs do not make money as stand alone entities through ticket,  merchandise and sponsorship sales, but they get income from the NRL and Leagues Clubs that keep them afloat.

 

The Rugby League Clubs as stand alone entities will never make money but they are an arm of a bigger organisation.

 

From the link I posted above..

 

Panthers Group Annual Report 2009
The Panthers Group has:
14 entertainment venues across NSW
142,284 members state wide
614 post codes in NSW had at least one Panther member as a resident
1,016 employees
315,756,000 in total assets
189,624,000 in net assets
“We have grown the value of our net assets by more than $100 million and seen a 100 per cent growth in Panthers
Club membership”(Barry Walsh, Chairman, Panther Group)
 
The business arm of the Penrith Panthers makes a few bob.
 

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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.

:biggrin:

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