Solomona was on £350k per year and we have took his wages off their cap plus Deacon leaving means they could probably afford £500k per annum!!!!!!!

I think we paid half of that in kind in pies...

released for all to see

Where? Go on...

Keep digging. Cica $20k loss. Fact.

Yup. You are correct. For the avoidance of doubt:

1. Warrington Sports Holdings Ltd is a holding company. It lost £55k.
2. Looks like it does not trade in any meaningful way, but holds the (long leasehold) stadium, and the loans etc, and owns the rugby league club. It has net assets of approx £12m (albeit with an unusual balance sheet suggesting maybe a huge capital profit arose sometime somewhere)
3. The RL club is actually its subsidiary The Warrington Football Club Limited.
4. THAT company lost £212k - as correctly reported on this thread. (I am calling off ITS accounts as we speak to double-check, but the £212k loss is referred to in the parent company accounts.
5. Because the group is "medium-sized", consolidated group accounts do not have to be prepared.
6. Last point is crucial, because you can only see the whole position by adding the two businesses together. There may be "consolidation adjustments" which mean that the whole is rather different than the sum of the parts.
7. Nevertheless, the sum of the two losses is £267k.
8. You have a wealthy backer though, so that will assuredly take the pressure off in the event of losses being incurred. That is something you don't see in a set of accounts, yet is probably more important than almost anything actually in those accounts.

For comparison, Bulls DO prepare consolidated FULL accounts - which are a consolidation of the holding company, the rugby league company and the lottery management company. £10k group loss (£258k profit previous year).

And a message to "The Original Stevo" - [i"a loss is a loss and to add a player on that kind of money when you are working on a loss doesn't make sense".[/i Leaving aside the huge holes in your logic, what is your take on your own club's signings then?


Edit update:

As I suspected, the rugby club accounts are "small" which means they show sod all. Means that you cannot make meaningful comparisons with the accounts of clubs like Bradford and Leeds, who present "Full" consolidated accounts.

Can see from the balance sheet though that the loss was indeed £212k. Also, that the club (as an entity) is technically insolvent, having net liabilities in excess of assets of £2.75m, But it is stated as being treated as a going concern because of support from the parent company - which has a very strong balance sheet, as strong on paper as Leeds' even.

Please refer Adeybulls excellent financial report above.

if Chris Walker gets his way Orfords staying put.

chris walker is an absolute effing nutjob.

impressed by the way



What are the Effective dates of these accounts are they done to show the performance over a season...?

and if its this season just gone does that still shows us making a big loss even after a Wembley final and 300,000 quid thousand turnover in the club shop ?

because thats a bit poor if its the case....

2008 accounts

in the press a while back

Including £340k received from the council that ends after next year. SO you will need to find that money somewhere or you will be making a bigger loss than warrington

I'd like to see the column on the Excel sheet that says ..

-£250,000 ... Success (Che's wages)

Rather have Matt Blythe

Oh well that's alright then. Unfounded and inaccurate press waknerage wins out over facts any day. Which report then, and when?

i couldn't give a hoot about any other teams finances,ours are rock solid with tremendous backing,we operate within the rules of the game and do not gamble financially,good luck to the bulls with orford but he is a cash cow,we offered him a 3 year deal on comparable terms to what bradford have a few years ago but he only wanted big bucks for a 12 month stint,i'd be interested to see if he does the full 3 years though.
hull kr look like they are trying to shuffle their books as all is not what it seems from last years accounts could they be joining the ranks of the other super league clubs that have operated outside the rules,some of us have our house in order,some don't but the powers that be don't seem to think that these flagrant breaches of the rules merit sufficient punishment.

I've enjoyed Adeybull's fact finding mission, and certainly take it more as fact than some of the other tosh spouted on here.

However, what exactly has it proved, other than Simon Moran has deep pockets and is prepared to back his investment with hard cash??

I suppose what it may prove, is that if you take Moran out of the equation anytime in the near future, then Wire truly are in the $h!te??

Like most clubs it's a wealthy backer that makes the difference between prosperity and mediocrity. Its even worse in wendyball.

Quite the opposite I believe. What the figures show is that Warrington are under-pinned (as Adey Bull has highlighted a couple of times) by a massive net assett of £12m.

It is when your debts exceed your assets that (and Adey will pick me up on my terminology) you become insolvent. Our debts are about £2m giving the company a nett positive position of £10m. I doubt any other club in Super League could match it. Its strange that whilst some like to poke fun at our "off-the-shelf stadium" it is the rock under-pinning the club's future; with or without Moran.

The figures should also be compared against previous years, I think 2007 was a small loss whilst 2006 was a profit of about £200k so over a three year period not far off breaking even (stand to be corrected by Rogues Gallery, although as a pensioner he can't afford the £1 to get the info and will wait for Adey Bull to do his thinking for him).

So when we find ourselves in times of trouble (as Paul McCartney once sang) we simply flog off our IKEA stadium???

Well hopefully we'll never find ourselves in that situation. Think the current board have spent the last few years getting the club back on an even footing after previous years of mis-management. Still some way to go but heading in the right direction.

Most probably but I think one positive is that we know Moran is a fan so I'm optimistic he'll be involved for a long time.

Interesting what makes a player class as a "cash cow", would our new halfback fit this description I wonder, supposedly offered a deal to make him Salford's best player in history (and this lad's been in Super League how long? five minutes?) which he turned down, had Offiah touting him round the clubs to get him a big deal and meanwhile Myler lost focus and lost interest in playing for Salford so his form went downhill....?

I wonder if Bradford are the ones making a big financial gamble or us? Sure he has made a good start to his first season in Super League, so did Kevin Penny when he got in the Dream Team. Lots of people said that signing Chris Hicks was a backwards move because he was old and only over here for the money when we should be looking to develop Penny, but I'd rather Hicks was on a big deal than Penny.

Not saying Myler isn't going to make it, Tony Smith is a good judge of a player which eases my worries, but I don't think we should be so brash in calling Bradford for taking a gamble on a proven top player for whom the only gamble is his advancing years (ie the same gamble Warrington took on players like Langer and Morley who have done well)....past experience doesn't bode too well for the "flavour of the month" British halfback going onto be a world beater. Luke Robinson, Kevin Brown, Chris Thorman, Danny Orr all had their times when people raved about them like they did Myler.

But it depend on what your assets are doesn't it.
Is it the stadium. is it the players, is it the land.

Are they real assets in that if they are sold where would it leave you?
Dave Whelan who has far more money than Moran backed Wigan and Wigan Athletic.

Adeybull is far more qualified than I am to take this further.

The truth is that the game as a whole is losing money and it can't go that way.

Wouldn't it be good if we were coming on these message boards discussing which clubs had made most profit?