Completely agree with the OP
Quite frankly the people behind the financial management & marketing of the club should be booted out asap, because clearly they're doing something drastically wrong if the club has spent the last 12 years making losses!
But then again, just like with Premiership Wendyball, a high percentage of turnover is going on wages, which I suppose might explain the team's success over the years. But even so there seems to be an awful lot of financial mismanagement going on (and I don't mean anything underhand, just incompetence really).. and if that is the P&L balance sheet of a successful club, I dread to think what what the likes of Wakefield, Quins & Crusaders' bottom-line numbers look like!
and they slag of hull kr and we have not had as much success as saints or been in super league has long
Surely this shouldn't be happening with the salary cap in place. I thought only 50% of turnover was allowed for players wages?
I imagine there are maybe 2 or 3 SL clubs running at a profit, the rest year after year will continue to post a loss. Not good news for the game.
Big Fella.
I think the 79% shown for wages was to cover all employees including players,hope so anyway.
the 3 clubs making a profit should really be playing in a league of their own.
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Not nice to see
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posted on 15/8/11
Completely agree with the OP
posted on 15/8/11
Quite frankly the people behind the financial management & marketing of the club should be booted out asap, because clearly they're doing something drastically wrong if the club has spent the last 12 years making losses!
But then again, just like with Premiership Wendyball, a high percentage of turnover is going on wages, which I suppose might explain the team's success over the years. But even so there seems to be an awful lot of financial mismanagement going on (and I don't mean anything underhand, just incompetence really).. and if that is the P&L balance sheet of a successful club, I dread to think what what the likes of Wakefield, Quins & Crusaders' bottom-line numbers look like!
posted on 16/8/11
and they slag of hull kr and we have not had as much success as saints or been in super league has long
posted on 16/8/11
Surely this shouldn't be happening with the salary cap in place. I thought only 50% of turnover was allowed for players wages?
posted on 16/8/11
I imagine there are maybe 2 or 3 SL clubs running at a profit, the rest year after year will continue to post a loss. Not good news for the game.
posted on 16/8/11
Big Fella.
I think the 79% shown for wages was to cover all employees including players,hope so anyway.
posted on 16/8/11
the 3 clubs making a profit should really be playing in a league of their own.
Page 1 of 1