STAGGERING LOSSES

[ATLANTISMAN]

Have just read an article on RL HUB by John Davidson has anyone else seen it

 

* Nearly 500K in pay offs recently  to staff

* Broadcast revenue down 17%

* Cash reserves down by 50% (Even after 11 million from sport England)

* Decrease in money to clubs by £ 3 million

* RFL director remuneration up by 50%

 

 

[sweaty craiq]

6 minutes ago, ATLANTISMAN said:

Have just read an article on RL HUB by John Davidson has anyone else seen it

 

* Nearly 500K in pay offs recently  to staff

* Broadcast revenue down 17%

* Cash reserves down by 50% (Even after 11 million from sport England)

* Decrease in money to clubs by £ 3 million

* RFL director remuneration up by 50%

 

 

Turkeys carry on voting for Christmas - PRP is the only way

[OnStrike]

2 minutes ago, sweaty craiq said:

Turkeys carry on voting for Christmas - PRP is the only way

What's PRP?

[ATLANTISMAN]

Someone has been building a nice little empire 

[Harry Stottle]

1 minute ago, ATLANTISMAN said:

Someone has been building a nice little empire 

Just a single person Paul?

[Hull Kingston Bronco]

24 minutes ago, ATLANTISMAN said:

Have just read an article on RL HUB by John Davidson has anyone else seen it

 

* Nearly 500K in pay offs recently  to staff

* Broadcast revenue down 17%

* Cash reserves down by 50% (Even after 11 million from sport England)

* Decrease in money to clubs by £ 3 million

* RFL director remuneration up by 50%

 

 

Never invest in an organisation that looks like its run in the short-term interests of its senior staff.

[THE RED ROOSTER]

50 minutes ago, OnStrike said:

What's PRP?

Performance Related Pay

Any link to this article Atlantisman?

[Dave T]

It is a slightly odd article, as though JD has just woken from a coma and wasn't aware of things like reduced TV deals. 

[Toby Chopra]

2 hours ago, ATLANTISMAN said:

Have just read an article on RL HUB by John Davidson has anyone else seen it

 

* Nearly 500K in pay offs recently  to staff

* Broadcast revenue down 17%

* Cash reserves down by 50% (Even after 11 million from sport England)

* Decrease in money to clubs by £ 3 million

* RFL director remuneration up by 50%

 

 

I assume this is about the RFL results? We know all of this already, apart from the director remuneration. It was all in the pre-release they put out a few weeks back.

[gingerjon]

11 minutes ago, Toby Chopra said:

I assume this is about the RFL results? We know all of this already, apart from the director remuneration. It was all in the pre-release they put out a few weeks back.

Not sure they covered the payouts to leaving staff this time around but it's been covered before that a key way the RFL made a profit in recent years has been by reducing staff.

If you'd like to link the STAGGERING LOSSES to the Attendance Thread, it's one of the reasons why the sport needs as big a crowd as possible as its marquee events - and why making excuses like Leigh is a small town (or previously a French team come from France) are not good enough.

[M j M]

I haven't/can't read the article but as a general point whenever Rugby League journalists try to read a set of financial statements they mostly end up writing gibberish.

[Tommygilf]

I'm sure there is a video that would show Gledhill's precise unfiltered reaction to this news...

[RigbyLuger]

4 minutes ago, Tommygilf said:

I'm sure there is a video that would show Gledhill's precise unfiltered reaction to this news...

His glass house must be full of holes.

[Damien]

49 minutes ago, Tommygilf said:

I'm sure there is a video that would show Gledhill's precise unfiltered reaction to this news...

Following on from Nigel Wood getting a big payoff too there is something seriously wrong. The sport simply isn't rich enough to keep handing out cash for nothing.

[Spidey]

They certainly need to write better employment contracts

[John Rhino]

4 hours ago, THE RED ROOSTER said:

Performance Related Pay

Any link to this article Atlantisman?

https://inews.co.uk/sport/rugby-league/rugby-leagues-1m-black-hole-bleak-reading-sport-urgent-change-2507070 

[Jughead]

Thought this was going to be about the second half of Warrington’s season. 

[Dave T]

I do think we are a little small-time when we focus on stuff like this. 

These two employees were operating at exec level and had been with the RFL for 12 and 14 years - of course they are going to be getting a decent payoff. 

None of that is any kind of endorsement of their employment in the first place, but the issue here is that we aren't generating enough money, not that we are meeting our employment requirements.

[Dave T]

Let's be honest - the bigger story here is the huge increase in insurance costs that make up 75% of this annual loss. Head injuries and potential legal cases are the biggest risk to the game of RL and here we are seeing a very real impact - and in true RL style we focus on being outraged at exec wages and compensation. 

The story is right there - the game may have to change fundamentally due to head injuries.

[The 4 of Us]

Why have the RFL board allowed the same situation occur again as happened at the end of the last CEO’s era.

I was told that the reason RR got the gig in the first place was the fact that the sport could not afford to get rid of him and Nigel Wood at the same time. And yet here we are. £750,000 to the negative. 
 

Current CEO was another internal appointment after a world wide search. We wait in anticipation of a change of MO.

[Dave T]

2 minutes ago, The 4 of Us said:

Why have the RFL board allowed the same situation occur again as happened at the end of the last CEO’s era.

I was told that the reason RR got the gig in the first place was the fact that the sport could not afford to get rid of him and Nigel Wood at the same time. And yet here we are. £750,000 to the negative. 
 

Current CEO was another internal appointment after a world wide search. We wait in anticipation of a change of MO.

If you want to get rid of execs, it costs money. Particularly if they have been there a while.

SLE found that our with Elstone, and we've seen it at plenty other governing bodies too.

[idrewthehaggis]

Was it Max Weber's critique of bureaucracies (for that is what the RFL is) that contended that they should be expert led, enacting agreed neutral and beneficial rules for the welfare of the entity it represents?

I know he spoke of bureaucracies forming "iron cages" which entrap an organization's individuals in the rational calculations of the paper chasers. More so contemporary observers point out how bureaucracy may be more self serving than the impartial Weberian administration.

So looking at the figures complied by Davidson, it's hard to argue the RFL is actions are beneficial. Indeed I'd query whether it's current manifest is the right agency to lead the Sport. In fact the manner of the excessive pay offs (surely rewards for mediocrity) may push the conclusion that the RFL is arguably driven by its own desires than the wider Game.

Sadly I can not see the necessary change. Like an obvious failed state, it's individual elements each are embedded with their own privelges, too fearful of reform less they lose out.

Oh dear.

Edited July 27, 2023 by idrewthehaggis

[Damien]

2 minutes ago, Dave T said:

If you want to get rid of execs, it costs money. Particularly if they have been there a while.

SLE found that our with Elstone, and we've seen it at plenty other governing bodies too.

If we didn't have a jobs for the boys recruitment system we wouldn't be appointing poor quality executives in the first place with years of middling roles behind them. Then it wouldn't be as expensive to get rid.

[Damien]

22 minutes ago, Dave T said:

Let's be honest - the bigger story here is the huge increase in insurance costs that make up 75% of this annual loss. Head injuries and potential legal cases are the biggest risk to the game of RL and here we are seeing a very real impact - and in true RL style we focus on being outraged at exec wages and compensation. 

The story is right there - the game may have to change fundamentally due to head injuries.

Poor executive performance is directly linked to a lack of income to pay for increased insurance premiums. Every strategic decision for years has seen the game receive less and less income, whether that is through declining TV deals or the abject failure when it comes to the Challenge Cup final or internationals. The game not generating enough revenue is directly linked to the abject failure of the RFL leadership and it is only right this is questioned.

[Dave T]

26 minutes ago, Damien said:

If we didn't have a jobs for the boys recruitment system we wouldn't be appointing poor quality executives in the first place with years of middling roles behind them. Then it wouldn't be as expensive to get rid.

Elstone cost more didn't he and he wasn't employed for years. 

It's just a cost of doing business.