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| Quote ="Chris Dalton"Such bitterness but no evidence for your suspicion. Such is your usual way of things.'"
Come on Chris , I know your going into SL next march ,but please don't turn into SL fans before you even get the nod
You are not stupid enough to believe that a club can maintain roughly the same attendances , sponsorship and turnover and yet make a 2 million turnaround in it's profits , it works out at 80 percent of it,s turnover , those would be the most incredible figures ever posted in pro sport , or even any business for that matter
last year I was defending your figures for the million loss to fans who were suggesting a problem , this now explains those figures
Clever , but ever so naughty as well , Mr O Connor is learning fast how to bull ----
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| Quote ="The Chair Maker"Excellent set of results for Widnes.
Shows what can be achieved in the lower leagues with a club run professionally.
A turnover of £2.5 million with no Sky money to speak of along with almost no away support turning up at their ground shows that they must be doing a lot off the field.
Add in £1.3 million sky money along with increased gate money and sponsorships, and they would probably turnover £4 - £5 million in SL.
As for the Widnes speccies saying they would be bigger than Saints. I think he is living on cloud cookoo land. Even when Widnes had Offiah and co in the late 1980's and Saints were crap, we still had more fans.
Don't you start , Widnes will have turned over around 1.2/4 million , the other million is some massaging of the figures that had them losing a million last year
Clever but no banana
Wire however is a different proposition. They are at present perhaps in the greatest period of their clubs history, playing in a modern stadium, yet are still getting lower crowds than Saints.'"
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| Quote ="The Chair Maker"Excellent set of results for Widnes.
Shows what can be achieved in the lower leagues with a club run professionally.
A turnover of £2.5 million with no Sky money to speak of along with almost no away support turning up at their ground shows that they must be doing a lot off the field.
Add in £1.3 million sky money along with increased gate money and sponsorships, and they would probably turnover £4 - £5 million in SL.
As for the Widnes speccies saying they would be bigger than Saints. I think he is living on cloud cookoo land. Even when Widnes had Offiah and co in the late 1980's and Saints were crap, we still had more fans.
Wire however is a different proposition. They are at present perhaps in the greatest period of their clubs history, playing in a modern stadium, yet are still getting lower crowds than Saints.'"
I agree that it's unlikely we'll ever beat Saints and we have in fact beaten Wire on numerous occasions including the last period we were in Super League.
However, the last year we were in Super League we finished 11th with crowds of almost 7k. Saints got 3k more despite coming top of the league....
With a new ground, we wouldn't get close.
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| Quote ="Starbug"Come on Chris , I know your going into SL next march ,but please don't turn into SL fans before you even get the nod
You are not stupid enough to believe that a club can maintain roughly the same attendances , sponsorship and turnover and yet make a 2 million turnaround in it's profits , it works out at 80 percent of it,s turnover , those would be the most incredible figures ever posted in pro sport , or even any business for that matter
last year I was defending your figures for the million loss to fans who were suggesting a problem , this now explains those figures
Clever , but ever so naughty as well , Mr O Connor is learning fast how to bull ----'"
At worst it is still breaking even based on those and we still easily beat the £1m turnover.
Being debt free is the biggest bonus for mine.
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| Quote ="Maximus Decimus"At worst it is still breaking even based on those and we still easily beat the £1m turnover.
Being debt free is the biggest bonus for mine.'"
Spot on Max , as I said , last year I was defending your figures on the loss , but now it all becomes clear
Widnes will turn over just over a million on their figures , and should be close to breaking even , they are the only club in the Championships in any sort of shape to move up into SL by franchise
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| the maths is not all that hard to believe
2008, turnover 900,000 loss of roughly 1,000,000, means in 2008 we had expenses of 1.9 million
2009 turnover 2,500,000 profit of roughly 1,000,000 means in 2009 we had expenses of 1.5 million
so we cut costs by 400k, and increased revenue by 1.6 million, this would have been helped by the nrc final win, the set up of the lottery, the opening of the club shop and o'neill deals.
takes alot of hard work but the numbers are not the sort that are out of reach
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| Quote ="Starbug"Come on Chris , I know your going into SL next march ,but please don't turn into SL fans before you even get the nod
You are not stupid enough to believe that a club can maintain roughly the same attendances , sponsorship and turnover and yet make a 2 million turnaround in it's profits , it works out at 80 percent of it,s turnover , those would be the most incredible figures ever posted in pro sport , or even any business for that matter
last year I was defending your figures for the million loss to fans who were suggesting a problem , this now explains those figures
Clever , but ever so naughty as well , Mr O Connor is learning fast how to bull ----'"
The £million pound debt was down to the massive restructuring the club went through when SOC took over. In addition, the club also paid several debts off from the old regime.
Widnes don’t just rely on their crowds. They have several new sponsorships this season, the shop is doing a roaring trade, the ‘Dream Ticket’ lottery, Viqi and club fundraisers are all getting stronger.
SOC had to hit the ground running when he took over the club. He has now had another year to fine-tune the business.
Perhaps you could put forward some sort of reasonable argument for you accusations. I’m not asking for a link, just a f*****g argument!
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| Quote ="vikinggriff1979"the maths is not all that hard to believe
2008, turnover 900,000 loss of roughly 1,000,000, means in 2008 we had expenses of 1.9 million
2009 turnover 2,500,000 profit of roughly 1,000,000 means in 2009 we had expenses of 1.5 million
so we cut costs by 400k, and increased revenue by 1.6 million, this would have been helped by the nrc final win, the set up of the lottery, the opening of the club shop and o'neill deals.
takes alot of hard work but the numbers are not the sort that are out of reach'"
or you essentially borrow a million off the club in year one and then pay it
back in year two , all on paper of course
No way have you increased your turnover by 160 percent , even if you had made the Challenge cup final and doubled your attendances you wouldn't,t have done that
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| Quote ="Starbug"or you essentially borrow a million off the club in year one and then pay it
back in year two , all on paper of course
No way have you increased your turnover by 160 percent , even if you had made the Challenge cup final and doubled your attendances you wouldn't,t have done that'"
i'm sorry, but could you point out exactly which financial reporting standard or international reporting standard allows a company to treat borrowing as turnover? i'll give you a clue, its frs 5 Quote FRS 5 'Reporting the Substance of Transactions'. The Application Note is concerned with the reporting of turnover - 'the top line' of the profit and loss account. Entities should report turnover only when they have performed in accordance with the contractual arrangements with their customers. Guidance is also given on the measurement of turnover where there are deferred payment terms or where there is a significant risk about the customer's ability to pay. '"
or any accountant on the planet who would even consider allowing the practice given the legal implications involved?
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| Quote ="Starbug"or you essentially borrow a million off the club in year one and then pay it
back in year two , all on paper of course
No way have you increased your turnover by 160 percent , even if you had made the Challenge cup final and doubled your attendances you wouldn't,t have done that'"
I agree, it all looks very dubious.
there's no way a lottery scheme and a club shop has increased turnover that much.
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| Quote ="vikinggriff1979"i'm sorry, but could you point out exactly which financial reporting standard or international reporting standard allows a company to treat borrowing as turnover? i'll give you a clue, its frs 5 or any accountant on the planet who would even consider allowing the practice given the legal implications involved?'"
Plus these are pre-tax profits. If SOC is fiddling the books he is robbing himself of a lot of money that will have to be handed over to the taxman from that £1million profit.
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| Quote ="UllFC"I agree, it all looks very dubious.
there's no way a lottery scheme and a club shop has increased turnover that much.'"
Not on its own no, but that is not all there is to increase profits.
How much are our sponsors putting in?
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| Quote ="Pepe"Plus these are pre-tax profits. If SOC is fiddling the books he is robbing himself of a lot of money that will have to be handed over to the taxman from that £1million profit.'"
actually, given the losses last year, its likely that we had large taxable losses brought forward to ofset against this years profit. so tax would be less than you would expect
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| I'd like to see the naysayers actually spell out and prove how it's not possible rather than just say it's not. I didn't expect anything but bleating from certain quarters but facts are a bit more interesting to argue against, rather than responding to a few miserable tw*ts who have turned hoping something's not true into fact.
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| Why there mid table fev have won the league they should be promoted why should widnes be giving the right just because they have a good stadium and a very clever acountant that doesn't give them a god given right to go into super league
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| Quote ="hullkrforever"Why there mid table fev have won the league they should be promoted why should widnes be giving the right just because they have a good stadium and a very clever acountant that doesn't give them a god given right to go into super league'"
Did the last two years just pass you by?
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| Quote ="hullkrforever"Why there mid table fev have won the league they should be promoted why should widnes be giving the right just because they have a good stadium and a very clever acountant that doesn't give them a god given right to go into super league'"
for christ sake, Do you know the rules regarding promotion and relegation in it's current form?
Im assuming you are completely ignorant of the process involved or you would not need to ask that question. Fev fail at every other aspect of the SL application process, They still have not earned the right to apply. they have a good team, and as a club are one of my fav clubs but they are not yet strong enough for SL.
Hell if we are asking dumb questions like that, then why are cats not getting relegated if they remain in bottom spot?
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| I know that but Iam just stating that it's a idiotic way for promotion and relagation and just because you have the stadium is stupid these teams like fev etc have nothing to play for were as widnes could finish bottom play a load of part timers save there cash and instantly get into super league because of a stadium and then spend there full cap because they have instant credit for employing part timers
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| Quote ="hullkrforever"I know that but Iam just stating that it's a idiotic way for promotion and relagation and just because you have the stadium is stupid these teams like fev etc have nothing to play for were as widnes could finish bottom play a load of part timers save there cash and instantly get into super league because of a stadium and then spend there full cap because they have instant credit for employing part timers'"
We spent the full cap. Unlike some others, we spent some of it investing in players from our academy. We also had a terrible injury list. But this whole sitting back accusation we've been hearing is nonsense. We spent the full cap, end of.
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| Quote ="Chris Dalton"We spent the full cap. Unlike some others, we spent some of it investing in players from our academy. We also had a terrible injury list. But this whole sitting back accusation we've been hearing is nonsense. We spent the full cap, end of.'"
Academy doesn't,t count on cap Chris , but with all that turnover and profit you should be ok
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| Quote ="hullkrforever"I know that but Iam just stating that it's a idiotic way for promotion and relagation and just because you have the stadium is stupid these teams like fev etc have nothing to play for were as widnes could finish bottom play a load of part timers save there cash and instantly get into super league because of a stadium and then spend there full cap because they have instant credit for employing part timers'"
It's not only because of a stadium, there's far more to it than that.
Even the Featherstone chairman says they are not ready for Super League.
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| I can understand the scepticism regarding the figures but surely if Widnes were going to fudge the figures to get over £1m then we would post a relatively safe amount rather than £2.5m?
If we were already over the £1m then what's the point in lying about it?
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| Quote ="Pepe"Plus these are pre-tax profits. If SOC is fiddling the books he is robbing himself of a lot of money that will have to be handed over to the taxman from that £1million profit.'"
As griff said , you'd offset the previous tax loss against the profit , so no sizeable tax bill to pay
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| Quote ="Maximus Decimus"I can understand the scepticism regarding the figures but surely if Widnes were going to fudge the figures to get over £1m then we would post a relatively safe amount rather than £2.5m?
If we were already over the £1m then what's the point in lying about it?'"
because you would look extremely silly posting a million profit on 1.2 million turnover wouldn't you
Who said you have lied about anything
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| Quote ="Starbug"Academy doesn't,t count on cap Chris , but with all that turnover and profit you should be ok
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Didn't say it did. I'm talking about players we have brought through and are currently giving a shot. Youngsters like Danny Craven and Tom kelly, these guys take time to settle in to the full squad as they're green.
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