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!

Why, your gates aren't double ours?

He's an Arab compared to our owner!!

snowy is a leigh fan, he's not trying to get involved in any bickering between widnes and fax and whose dick is the biggest, but merely pointing out that halifax (and any other heartland championship club) have to increase their attendances to widnes' level to even stand a chance of an application to sl to be successful

Spot on , Quite simply all non SL clubs and the RFL should be making the doubling of all clubs attendances the biggest priority

Unfortunatley the RFL dont have a clue , or they dont want strong heartland clubs outside SL

Take your pick

I thought RFL offered clubs some "university type" some time back to increase attendances on a part time basis. I can`t remember much about it now I am sure someone mentioned it a few months back. Was it taken up by anyone and if so was it sucessful?

have failed to step up to the mark

The majority of Money SO'C has pumped in is what he WANTED to!

I.e. the new seats... internet cafe areas inside stadium for players add the debts paid off that's all taht cost gone after 1 season! So you take that away next season and you'll prob find we'll be looking healthier than any other side in this league!

Also the hiring of TO'C, Sacking and hiring coaches etc comes into it all. The club now has everything already set in place (bar players arguabbly) so nothing else is needed next year whereas say Halifax now need to finish that stand... 100k? And run youth team... ours was 250k? So see how they start to add up etc!

The shay stadium isn't owned by Fax, we rent it.

would hope we dont lose equivalent to our turnover in developing a youth team!

lets see

:s Most football clubs are either in debt or operate at a loss. It how they substain it. Rugby league is different because of the cap but some will still do this.
I think thats right about RL anyway.

Plus if widnes win the 150k in the final, they'll be laughing.

Well better hope they decide to finish your stand off then



Point being missed is Widnes are now 100% debt free and have a set up better thn alot of sides in SL! That year it took alot of SOC's cash now where plain sailing... Happy days... also we won't be making big losses come franchise year when other clubs may have to to get upto standard!

again, this is all boring diatribe

What happens when your money man gets bored?

The same thing that happens when warrington's or huddersfield's or Barrow's, We cut back. But we would still be the biggest club outside of SL with the biggest Salary cap.

SOC made it clear he was going to spend £1M or therabouts on infrastructure. He did it, its done.

This seasons figures will be more telling. Read into it what you like, the real scary thing for you should be that in a disappointing season where we were knocked out of the playoffs in round 1, out of the norther rail in the Quarters and finished just in the playoffs we managed an income of Near £1M.

No one in this league could do the same, time to raise your game boys.