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| I see Barrow have filed their accounts for 31 December 2008. They lost £71,954 and are insolvent to the tune of £134,201.
Also Des has stumped up some cash, the club owed him £83,800 at the year end and the directors gave personal guarantees to secure a bank overdraft of £137,651. Also Des's company Johnson Recruitment sponsored the club for £10,000 during the year.
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| just imagen if Des got fed up and left
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| Be interesting to know what they've done this year, they'll of spent more on players, but they will hav had more fans watching and they get 100k for winning the grand final
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| £100,000 in des's pocket plus all the bets he had on Barrow to win grand final at 50/1,shouldnt be any bucket collections for the raiders just yet.
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| Quote ="Blueboy"Be interesting to know what they've done this year, they'll of spent more on players, but they will hav had more fans watching and they get 100k for winning the grand final'"
You guys are obsessed with goings-on at Barrow aren't you.
Last years' accounts are pretty meaningless, especially as .....
Crowds in 2009 were up almost 70%,
Have a turnover of £800K+ in 2009 to-date (season tickets have yet to go on sale which will greatly increase this figure),
We got to 2 finals in 2009 and topped the league,
Are due to post a £100K+ profit in 2009,
Have, in the last 8 weeks, increased the club lottery income by £600 a week (£30K PA), a figure that is still growing weekly.
On top of this, the club has NEVER been been wound-up, even during the very dark days of the mid/late 90's and we own land worth approx £5M.
Regardless of DJ's input, we are more financially sound than 95% of Pro RL clubs - including most SL clubs. The most important thing is that the RFL know this as well.
No story here I'm afraid.
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| what do ours look like?
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| Quote ="SRC"You guys are obsessed with goings-on at Barrow aren't you.
'"
.... So why are you on the Halifax board, then, eh .... EH?
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| Quote ="SRC"You guys are obsessed with goings-on at Barrow aren't you.
Last years' accounts are pretty meaningless, especially as .....
Crowds in 2009 were up almost 70%,
Have a turnover of £800K+ in 2009 to-date (season tickets have yet to go on sale which will greatly increase this figure),
We got to 2 finals in 2009 and topped the league,
Are due to post a £100K+ profit in 2009,
Have, in the last 8 weeks, increased the club lottery income by £600 a week (£30K PA), a figure that is still growing weekly.
On top of this, the club has NEVER been been wound-up, even during the very dark days of the mid/late 90's and we own land worth approx £5M.
Regardless of DJ's input, we are more financially sound than 95% of Pro RL clubs - including most SL clubs. The most important thing is that the RFL know this as well.
No story here I'm afraid.'"
The story is that you are gullible enough to believe everything you read and hear. 70% attendance rise will include 35% free tickets. What does the lottery cost per week, if it is the same as us then it is £1. So this lottery is taking on 600 new people a week? I smell some tax dodging going on here.
Quote
Have, in the last 8 weeks, increased the club lottery income by £600 a week (£30K PA), a figure that is still growing weekly.'"
Dont forget the prize money! That will take out about £500 a week.
Quote Regardless of DJ's input, we are more financially sound than 95% of Pro RL clubs - including most SL clubs. The most important thing is that the RFL know this as well.'"
The biggest load of crap I have heard in a long time.
According to your official site you had over 35 players in your first team this year. Lets say an average wage of 10k = 350K. Start off the season on -130K. Pay of Des's loan - 130k. Don't forget Des gave the 100k prize money to the players!
And you claim that you will make 100k profit next year!
No Championship team with 2k attendances makes £600k+ in a season.
Pull your head out of your . Quote '" Quote '"
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| Quote ="SRC"we are more financially sound than 95% of Pro RL clubs .'"
Facts and figures, please.
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| Quote ="SRC"
On top of this, the club has NEVER been been wound-up, even during the very dark days of the mid/late 90's and we own land worth approx £5M.
'"
Where's that then?
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| Quote ="Brew"Where's that then?
'"
Impossible if the land is actually in Barrow itself
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| Quote ="tec"£100,000 in des's pocket plus all the bets he had on Barrow to win grand final at 50/1,shouldnt be any bucket collections for the raiders just yet.'"
You said it, tec ... in Des's pocket. And you must remember that Des has LENT Barrow money, not GIVEN it. It's like one of them pre-marrital agreements between husband and wife, if things go tats up I want my money back, not exactly a marriage made in heaven, eh?
So ... when Barrow don't retain their trophy in a year or 2's time and you get some pist up dockers prodding Des in the chest wanting to know why, let's hope for your sakes Old Des don't take his bat 'n' ball home.
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| Quote ="Nat (Rugby_Aholic)"The story is that you are gullible enough to believe everything you read and hear. 70% attendance rise will include 35% free tickets. What does the lottery cost per week, if it is the same as us then it is £1. So this lottery is taking on 600 new people a week? I smell some tax dodging going on here.'"
Here we go again
The rise in attendances will include all punters, however, the club never give away free tickets (or charge peanuts for season tickets like other clubs).
Regarding the lottery, we aren't taking on 600 new people a week, we have taken on 600 in the last 8 weeks or so, which equates to £30K a year. People are joining all the time which will increase still further. I think there are 5,000 - 6,000 lottery shareholders, each paying £1 a week.
The figures I mentioned were announced by Des and the BOD at a fundraising meeting 2 weeks ago.
I think you Fax (and Widnes) fans are the gullable ones. Des this, Des that, Rooney on this, Catic on that. All complete cobblers.
Fax should have a good squad next season and so will we. Should be another great season.
Get used to it. We're here to stay (until 2012 anyway)
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| Quote ="SRC"
Get used to it. We're here to stay (until 2012 anyway)
'"
now now now... dont make predictions that you will be relegated into Championship 1 until the start of 2011 season
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| Quote ="SRC"
Regarding the lottery, we aren't taking on 600 new people a week, we have taken on 600 in the last 8 weeks or so, which equates to £30K a year. People are joining all the time which will increase still further. I think there are 5,000 - 6,000 lottery shareholders, each paying £1 a week.
:'"
More like 1k actual existing people and 5k registered to ANOther.
On an unrelated note; does prize money won incur income tax?
And on another unrelated note, if a player wins a club lottery does it count against the cap?
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| Quote ="Nat (Rugby_Aholic)"The story is that you are gullible enough to believe everything you read and hear. 70% attendance rise will include 35% free tickets. What does the lottery cost per week, if it is the same as us then it is £1. So this lottery is taking on 600 new people a week? I smell some tax dodging going on here.'"
Barrow do not provide free tickets for games other than complimentary tickets for sponsors and players. They also do not provide major concessions other than the standard discounts for pensioners, children and the Junior Raiders club. The only others are that the local amateur clubs are entitled to tickets at a tenner each, tho I think the clubs must buy these prior to selling on to their players.
The Barrow Rugby lottery is the second largest lottery in the country and was the largest up until the introduction of the National Lottery. The statement was that it has recently increased by 600 members and more are joining each week, not 600 per week. I wish it was 600 per week tho.
I am reasonably comfortable with the operating figures for last year as I would suggest that they are pretty good for the Championship in the current economic climate. I would also expect that the expenditure this year is within the clubs financial limits as the board are very proud of their record of having never been in administration or receivership and learned their lesson in the 80's when it was a close run thing whether the club would survive the attentions of Her Majesties Revenue Service. I believe Wakey are suffering their not so subtle probings at the moment!
As one of you posted, what are Fax's accounts like for that period? Fairly similar I would have thought. At least it aint a million loss like Widnes.
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| Quote ="Tony Fax"You said it, tec ... in Des's pocket. And you must remember that Des has LENT Barrow money, not GIVEN it. It's like one of them pre-marrital agreements between husband and wife, if things go tats up I want my money back, not exactly a marriage made in heaven, eh?
So ... when Barrow don't retain their trophy in a year or 2's time and you get some pist up dockers prodding Des in the chest wanting to know why, let's hope for your sakes Old Des don't take his bat 'n' ball home.'"
Talk about changing your tune.
First we get all the accusations that Des bankrolls the entire club and if he walked we'd all be doomed, and then when you 'reveal' that he has lent the club money we're still doomed.
Again, you speak from a real position of ignorance.
The fact is that by the start of the 2010 season the increase in lottery stakeholders will cover the £80K we 'owe' Des.
Let's look at which Championship clubs have been financially impotent in the last few years ...
Widnes
Gateshead
Oldham
Doncaster (x2)
Rochdale
oh and Fax
On top of those, several other clubs including Haven, Workington, Blackpool and others have, or still are, sailing very close to the wind financially.
Having a managed debt and overdraft is completely normal in business. Note the word MANAGED.
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| Quote ="Nat (Rugby_Aholic)"More like 1k actual existing people and 5k registered to ANOther.
'"
What are you talking about ?????
The Barrow RL lottery has been running for close to 30 years and has kept the club afloat for many years.
Still, why should the facts spoil a good conspiracy
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| Quote ="Off! Number Seven"
As one of you posted, what are Fax's accounts like for that period? Fairly similar I would have thought. At least it aint a million loss like Widnes.'"
Posted a small profit IIRC.
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| this is what tonyfax found out & posted on here start of Oct.
Quote ="Tony Fax"Seeing that the accounts are available for public inspection I cannot see any reason why they cannot be discussed on here, but please correct me if I'm not allowed to do so.
The accounts for the year ended 30 November 2008 have recently been filed, and because the company is small, only abbrieviated accounts showing the balance sheet, and excluding the profit & loss account, need be filed. But you can tell if the company has made or lost money by comparing the profit & loss reserves with the previous year.
In the case of Halifax RL ... the P & L reserves are EXACTLY the same as last year, obviously meaning the company broke even for the year ended 2008. "EXACTLY"????!!! you ask. Yes, EXACTLY. So we didn't lose money for the last reported year ... that's all we need to know
Anyway .... just to confirm that Widnes lost £986,380 for the year ended November 2008 as discussed on here several weeks ago, and that does NOT include the £912k spent on intangible & tangible assets as some folk seemed to believe, but the loss DOES include just over £200k depreciation on these assets.
And in November 2008 we were richer than Widnes
'"
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| Quote ="griffax"this is what tonyfax found out & posted on here start of Oct.'"
To post figures exactly the same , and to suggest the club broke exactly even without somebody putting money in to balance the figures up is incredible , if you believe that you also believe in the tooth fairy and that a man in a red suit delivers those pressies on Xmas morning
The figures posted for Barrow are fairly good reading if correct
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| Ah for the 'sanctuary' , on this board, of C1, where there appears to be no other club supporters to bicker with!
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| Talking of tickets....I can vouch that getting comps for players out of Barrow was like pulling teeth!!
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| Quote ="tec"£100,000 in des's pocket plus all the bets he had on Barrow to win grand final at 50/1,shouldnt be any bucket collections for the raiders just yet.'"
It was 14-1 actually
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| Quote ="SRC"You guys are obsessed with goings-on at Barrow aren't you.
Last years' accounts are pretty meaningless, especially as .....
Crowds in 2009 were up almost 70%,
Have a turnover of £800K+ in 2009 to-date (season tickets have yet to go on sale which will greatly increase this figure),
We got to 2 finals in 2009 and topped the league,
Are due to post a £100K+ profit in 2009,
Have, in the last 8 weeks, increased the club lottery income by £600 a week (£30K PA), a figure that is still growing weekly.
On top of this, the club has NEVER been been wound-up, even during the very dark days of the mid/late 90's and we own land worth approx £5M.
Regardless of DJ's input, we are more financially sound than 95% of Pro RL clubs - including most SL clubs. The most important thing is that the RFL know this as well.
No story here I'm afraid.'"
Okay we bow to your superior knowledge BUT look at the state of your club pre Des Johnson and you may see why we think your meteoric rise has something to do with Mr Moneybags.
Jealous? Yes a bit but I won't be when he has gone and HE WILL one day.
I prefer to have a stable position from our fans, lottery and sponsors and not to rely on a Chairman on an ego trip.
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