Losing 2 MILLION pounds every year is just stupidity.

The more I think about it the more stupid it becomes.


In a way you could understand it if whoever is losing this money was losing it at a club like Wigan, St helens or any other club thats been around for a long time. Maybe the person was brought up following them and is happy to lose that type of cash every year just because its the club they grew up with.

But Quins have only been around since 2005. And even the first entity only started in 1980 when they were Fulham. So it's not that likely that thats the reason for the person losing that type of cash.

2 MILLION pounds a year.

I am speechless.


Almost.

In your opinion, but given David Hughes has made enough money to be able to afford to lose 2 million a year, I'd suggest he isn't stupid.

2 million is that all some footie teams lose that a week.

I'm guessing no-one knows who will be footing the Crusaders bill at the end of the year then?

By the way, if people think this is a desperate attempt to convince people that Crusaders shouldn't be given a licence on the basis of financial assumptions then you are wrong, I am merely curious.

This isnt a football team we are talking about though.

Do the math.

You mean this equation-Low crowds =low income =debt?
So many RL experts on the VT,makes one wonder why they aren't involved in running a club or the game.

No.
10,000 to break even on a 1.6 million cap paying £20 a ticket. Crusaders 'claim' they only need 4,500 to break even with 25% higher ticket prices for say half the fans. That gives a basic estimate of just over the 50% salary cap mark, probably 800-900k

This may be true, however, they are not running at an average of 4,500.

It’s more like 3,500, so, with a shortfall of 1,000 supporters, surely, this would equate to roughly £260,000, who will pick up the tab?

ANYONE that loses 2 million every year and doesnt do anything about it IS VERY stupid.

The owners presumably. That was a statement made last year in which they surpassed the break even mark.. supposedly. One presumes they're operating on a lower cap this year i dont know. 260,000 isnt a massive loss regardless

Was that before or after they entered administration?

They need to be making a "profit" anyway, the RFL need paying back that 700k!

They take it from their Sky cut automatically each year.
They entered administration supposedly on the back of old debts and financially were doing okay last year; supposedly. No one really knows but in reply to J.C.s comments, one can make rough estimates and come to assumptions, whether they're right or wrong time will tell.

Put it this way, Crusaders' owners won't be footing a 2 million a year bill ill tell you that for free

,how many of those are children and OAPs paying 60 quid for a season ticket or adults paying 150 quid for a season ticket.Nothing adds up with that club.

That's not what you said...


...back track all you want, it just shows you up (again)

Ahh but thats the same as all clubs so therefore the magic '10,000' becomes a relative directly between all clubs. Crusaders season tickets arent cheap and from what I hear from the town there's not THAT many freebies given away, moreso discounts which doesn't appease the ST holders.
If I were a betting man next year I think you'll see sunday games again and cheaper season tickets to try and get better crowds to offset this years losses. Time will tell.