www.widnesvikings.co.uk/view_news.php?ID=629 Check the results published by the Vikings; SHOCKNG!

www.widnesvikings.co.uk/view_news.php?ID=629 Check the results published by the Vikings; SHOCKNG!

Not really , basically it cost Steve O Connor close to a million quid to clear various debts , set up staffing levels, pay for a SL licence application and buy a load of new seats for 2 sides of the ' Stobart '

With a turnover of close to a million they should be breaking even this season or potentially making a profit with the NRC appearance

big credit to Widnes for publishing this detail (they dont have to) but the figures are worrying;
I'm no expert but Profit and loss is based on income less period related costs. Paying off debts and buying new seats aren't period related costs.

Basically they brought in 916 K but spent in total 1,892 a loss of 986 K , but 837 K of that was spent on one off type payments/investments leaving a ' real ' loss of 149 K in the 1 st year

Scary to me and you but in the world of pro sport , small potatoes

It don't matter, their owner is minted. Kind of thing the RFL like to see on a licence application

which club in the world of sport lost more than it's turnover?

their owner owns Stobarts, he's not an arab.

No he doesn't , he has a share of Stobarts , he sold his company to Stobarts for a reported 30 million

He has spent around a million of that on Widnes last year , but this year he may well break even

Your ' horror ' at those figures gives me the impression you dont understand them

whats not to understand? YOU HAVE SPENT MUCH MORE THAN YOU HAVE EARNED, SIMPLE.

many clubs do this but to the level Widnes have in anyones book 'suprising'

Yes but they have stated that 837 k of that loss is down to takeover , infrastructure , set up and SL application costs

Leaving a ' real ' season loss of 149 K

This season the figures will be income 950 K , costs 950 K , or something fairly close to that

OK.
hope our s/l application wont cost so much

Widnes will have good liquidity.

Obvious they will lose on year 1. That will soon be re-couperated.

No championship club get anywhere near a 1m turnover, hence the reaon they are one shoe in. Fax will need to double their gates to get anywhere near this!