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| Quote ="bramleyrhino"In many respects I'd agree, but marketing is not always about resources and often, much more about people.
There are plenty of examples in business where David has given Goliath (in terms of marketing budget, resources, etc) a hard time by coming up with a product or offering that people want to talk about and, more importantly, buy. There is no reason why that can't happen in RL.
Only this week, SABMiller highlighted competition from small craft breweries as a factor behind their poor UK performance. I'm guessing, but I suspect SABMiller spend a touch more on marketing than the likes of Brewdog and Leeds Brewery.
Do you think that Leigh's issues are a result of a lack of budget or the inability of the marketing staff to devise a creative idea that presents their 'product' in a way that gets people talking about it.'"
I am ' persona non grata ' on the Leigh board for actually suggesting the club should set a marketing budget before a player budget , believe me, that doesnt go down well
Yes that is my point, every club has to make the best of what they have, but all too often people ( Club owners/directors ) cannot see how to expliot what they have, or they put wrong values on what they have, a case in point is a shiny new stadium, it will not solve anything, people are no longer dumstruck by a cantilever stand and loads of shiny ( empty ) seats
Smalll town clubs cannot support themselves, or build long term with corporate support, it is very much a chicken and egg situation, what comes 1 st, fans or sponsors? , the more fans you have, the more sponsors will be interested in investing in you, but how many new fans come because of a clubs sponsors?
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| Quote ="Him"Hull have. It's Palea'aesina after defending a set of 6.'"
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| Where do Catalans get their money from? Their crowds avg 8000 and they don't have blue chips sponsoring them so where's the income streams?
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| Quote ="salford1970"who are the 4 teams that are well run? I see Leeds, Wigan, Warrington, Saints and Hull as being 5 teams that show black on the balance sheet,'"
Not sure Wigan should be included in that list - pretty sure they have net assets of about minus £2mil. I think Leeds have c. £15m net assets (dunno about the others).
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| Quote ="JB Down Under"Where do Catalans get their money from? Their crowds avg 8000 and they don't have blue chips sponsoring them so where's the income streams?'"
The local shire.
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| People that bleat on about us copying what the NRL are doing have no idea. We can't copy what they're doing. We don't have the investment via Leagues Clubs or the media attention to draw in bigger investors as well as make it far easier to attract bigger crowds without having to do a whole lot. They also don't have the competition from other much bigger sports than we do.
It's like saying Hunslet Hawks should be doing what Leeds United do.
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| Don't the Dragons get financial support from the local council/govt. That happens a lot with French sport and never happens over here so you can't really model on that.
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| Quote ="Tre Cool"Don't the Dragons get financial support from the local council/govt. That happens a lot with French sport and never happens over here so you can't really model on that.'"
In Worzel's world that makes them Socialists doesn't it?
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| Quote ="Cookridge_Rhino"Not sure Wigan should be included in that list - pretty sure they have net assets of about minus £2mil. I think Leeds have c. £15m net assets (dunno about the others).'"
Indulge me, I could do with a laugh this morning.
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| Quote ="Tre Cool"Don't the Dragons get financial support from the local council/govt. That happens a lot with French sport and never happens over here so you can't really model on that.'"
Hull FC are getting plenty of help from the council, 140k pound a year in seats the smc have to buy from FC as part of the KC stadium agreement signed off by the council.
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5,000,000 in Liabilities? such as?
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5,000,000 in Liabilities? such as?
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| also 10,000 in cash? sure.
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| It's what the company's have end of year registered ... I didn't make it up it's what your company posted
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| Quote ="dubairl"5,000,000 in Liabilities? such as?'"
It's closer to 6,000,000 actually
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| Quote ="Magic Superbeetle"It's what the company's have end of year registered ... I didn't make it up it's what your company posted'"
Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.
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| Quote ="dubairl"Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.'"
Don't wore it'll be a little tax plan by IL . Wigan are hardly on the breadline
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| Quote ="Saint Simon"Don't wore it'll be a little tax plan by IL . Wigan are hardly on the breadline'"
I think your right. I can't see IL telling people Wigans financial future is safe with only 10,000 in cash and close to 6,000,000 in liabilities.
And i don't think anybody can accuse wigan of being run poorly.
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The Leeds one is just the RL club, the cricket are separate.
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The Leeds one is just the RL club, the cricket are separate.
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| Quote ="dubairl"Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.'"
These are what the club publish with company house, all the website does is show you the overview (to make those interested buy more in depth reports) so yes, it's verified by the club, as it's the club who posted the figures.
Cash is a taxable asset, which is why no club should be posting large cash sum values.
The best way to put it is Wigan have the most they can hide from the taxman, as opposed to any specific liabilities - but there are more inherent risks with fluid cash (not so say that will affect wigan in any way under the current regime, but a lot more risk with poor management)
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| I don't think we're going bust any time soon.
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| Quote ="Magic Superbeetle"............
Cash is a taxable asset
'"
Really?
And I always though corporation tax was paid on profit.
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| Quote ="BartonFlyer"Really?
And I always though corporation tax was paid on profit.'"
As google/ Starbucks proved - making a profit and being taxed are two different things
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| Quote ="Magic Superbeetle"As google/ Starbucks proved - making a profit and being taxed are two different things
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Couldn't agree more, but that has nothing to do with "cash at bank" which is what you were implying.
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| Quote ="BartonFlyer"Couldn't agree more, but that has nothing to do with "cash at bank" which is what you were implying.'"
Cash at bank is a fixed asset, fixed assets can be taxed as deferred tax (if for example a company tries to avoid all it's corporation tax by moving it's profit into a bank account) is applicable - it's a bit of a grey area - but it's giving the taxman an excuse to basically accuse you of moving money around to avoid tax ...
Anyway the latest accounts are what they are (for whatever reason) and as was said, net worth of Leeds is around 15million and Wigans is -2million
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