Anyone ever wondering how much the Giants owe kendavy should look at this.

Rl finacially is not worthwhile except for one or two clubs.


Below is figures for 2008 complied by someone on the Hull board

Right, accounts filed for 2008: Leeds is a subsidiary of Caddick, so no separately filed information, but understand they make a profit.

Hull FC PROFIT £185,000

Bradford - Loss £17,000
Warrington - Loss £212,000
Cas - Loss £369,000
Saints - Loss £449,000
Rovers (2007) Loss £478,000
Wigan - Loss £592,000 (although debt they owed being written off of £1,175,000 gave them a net profit of £444,000)
Salford - Loss £832,000 (underwritten by Wilkinson)
Huddersfield - Loss £1,377,000 (underwritten by Ken Davy)
Harlequins - Loss £1,819,000 (underwritten by Lenegan and D Hughes)

If anyone has any conflicting information i would love to know it.

last years figures should hopefully be beter with the cup run and 3rd place figure. ( although that may be offset by cheap season tickets.)

I cannot vouch for the veracity of the figures but it does say to me that as supporters we need to do everything that we can to address this.

Get a season ticket. eevn if you cannot attend all games it is supporting the club.

Get your friend and family season tickets.
Buy season tickets as Xmas presents.
Get Giants merchandise as presents.

Without Ken davy the Giants could not exist on those sorts of figures.

I thought it was common knowledge that Davy bankrolls the club.

The league express reports this week that Leeds Rhinos made an operating loss this year. Think they lost just short of £1million

Quickly ran through this Codhead post only one link, quoting average loss at 540k, nothing about Giants only speculation.
A Codhead trying to make his club look good over the Rovers.
Not saying clubs are not in trouble financially, but l am sure with Ken Davy´s expert knowledge, re money, he would not let any situation get out of control.
Seriously doubt these figures, especially the Giants. l will wait till l hear it from the horses mouth, or a very creditable source.

Considering the club were in debt of 4million in 2007, I would seriously doubt that they would add a further 1.4million to that debt in just one season.

It's clear Davy props us up financially. Since the changes to the cap rules he has speculated by financing the players wages so we spend full cap in the hope we get good results and then the crowds increase on the back of that as well as the other initiatives we have in place.

And we were losing money beforehand anyway, just as the overwhelming majority of RL clubs are.

Hardly front page news.

and as has been said already, nothing but pure speculation by a cod ead trying to get one over on another cod ed.



Yes we owe Ken Davey a huge thanks, but this isnt news, and it isnt unusual in ANY sport.

Looking at Giants accounts, unfortunately they only file abbreviated accounts which means that they don't file details of Turnover or expenses.

The loss to 30 November 2008 was £1,377,266 based on the balance sheet.

I would expect that this would be much reduced in year to 30 November 2009.

1 Challenge cup final appearance then lose. Hull made a profit probably because this is exactly what they did in 2008. Get to the final and you share the gate money but no win bonus to pay.

2 Progress in the playoffs presumably means more prize money and sky money.

Very few sports clubs do actually make money to be honest.

If this is true and we were already millions in debt then it does seem very worrying indeed. As you say the common fan can help by buying season tickets and merchandise however the early bird discount has already passed so it will make it harder to recruit more fans now and with only just over a month to Christmas we can't even see the new shirts let alone buy one.

There is no context of time scale, when each reports are taken from, where they are from

Pinch of salt./Paper it written on.

I would imagine they are from companies house.

Easy enough to check them I'm sure.

Hudds is definately right.

i am not sure if it matters if it is a loss of £500,000 or £1,000,000 if Mr D is happy.

Proves what a benefactor he is and how much club needs him

Loss for the year to 30th november 2008 £1.38 million



Although without detailed analysis it is difficult to put much meaning to these figures.

You just need to keep fingers crossed that Davys doesn't get fed up. Not many would put up with such large losses. If he gets fed up you fold.

Today's award for stating the obvious is given to benjcake. Here he is with his prize

We'll be okay.

Those lovely lads from Wakie will do a walk for us.

Why? It's far too simplistic to just take that figure into account. Of course no business can operate losing money forever but I wouldn't worry too much. Besides what's to say that Ken Davy being behind the club is the reason they went out spending money in an effort to ensure the long term viability of the club. For example that free match against the Catalans. That would have cost a fortune but it had the desired effect right? They sold more 2009 season tickets didn't they?

The clubs finances are fluid and they have some impressive fixed asset. i would suggest they are in a healthier position than a lot of clubs.

All the figures I have checked out so far in that table are valid.

You CAN get Leeds figures. Go search for company no 00028301. They made £1.25m, but that is a bit misleading, cos that was after a £1.47m profit relating to the sale of the cricket ground so they actually made a loss without that - attributed to repairs on the South Stand.

Warrington overall actually lost £55k more than the figure quoted - if you do a pro-forma consolidation of the (technically insolvent) rugby club and its well-endowed (cos of stadium) parent.

Wakefield are still overdue with filing their accounts (maybe their auditors are chewing over the going concern question...?)

WILL WHOEVER EDITED MY POST PLEASE DESIST OR I WILL COMPLAIN TO SITE ADMIN

If any of you guys are interested (some will already be aware, I presume):

1. Huddersfield Giants (the club) - the reported loss is correct, and the balance sheet shows a massive net liabilities position of well over £5m. That is a bad case of technically insolvent, and the accounts have been prepared on a Going Concern basis because Ken Davy has pledged his ongoing financial support. It is, incidentally, the old Sheffield Eagles company.

2. The club is owned by Huddersfield Sporting Pride Ltd (in turn controlled by Ken Davy), That company, as an entity, has a balance sheet with net assets of just over £1m, and as an entity it breaks even. This is the original Huddersfield Rugby League company which bought the Sheffield Eagles company.

Add 1 & 2 together (group accounts are not prepared) and you still have a massive loss and a massive net liabilities situation.

3. HOWEVER, Huddersfield Sporting Pride Ltd ALSO owns 60% (and so it is also a subsidiary) of Kirklees Stadium Development Ltd - the stadium company. THAT company made about £1/3m and has net assets of nearly £11m.

If group accounts were prepared (and I've not bothered getting the stadium accounts so I am assuming there is nothing daft in there) then you'd have a big loss still but a solvent balance sheet with half-decent net assets. Unless there were any big consolidation adjustments.

But the rugby club in isolation - financial position dire. If Ken Davy suddenly found it necessary to stop supporting the club financially, and no-one else stepped in with maybe £6m or more, then things would go very bad very quickly. But that is not news to anyone, is it, since Davy's support (and its implications) is fully understood by pretty well everyone, and no-one expects him to walk away anytime soon? But what will happen when he finally wants to call it a day?

Yes, all very interesting, but whats your point?

My point? Some folk suggested the reported figures were the product of someone's imagination - they are not. You yourself appeared to be one of them. And I am merely providing information (and some limited interpretation) on the financial position for anyone who is interested. I did similar at Leeds and Wire as well as Bulls, and we saw various people who derided anything they either did not understand or did not like, but various others who said they found the info interesting or helpful. I review the accounts anyway, so it costs only a few mins of my time to put up some info on here. I am happy to add further info if anyone is at all interested.

My suspicion is that most Hudds fans will be a bit shocked at just how big the losses are, and by extension just how much Davy is having to bankroll the club by. The dependence on a rich owner for staying in business has to be a big future exposure for any such club. You are almost certainly safer than some, cos Davy is both a huge fan and a man of very considerable means. The wealthy backers of some other clubs - notably Hull KR - are getting cold feet it seems.

But these are the 2008 accounts, and you guys had a fantastic 2009 so I would surely expect a dramatic improvement in the numbers.

I will admit SOME partisan motive, in that I get hacked off with armchair experts assuring everyone that the Bulls are skint and in huge debt (or whatever) when neither are actually true. Comparisons like the Guy from HKR did help to put things in some perspective. But what worries me more is that - as Peter Hood said recently - the game as a whole is built on foundations of sand. Based on that worrying (and pre-worst of recession!) table of losses, he may have a point.

Huddersfield fans who attended the relevant meetings are fully aware of the situation and also of KD's plan in terms of the long term sustainability of the club when Ken has gone. His plan may work, it may not. In the meantime we are very fortunate and I'm sure all Huddersfield fans hope his theory bears fruit.

In the meantime, whilst KD is around, we're going to be around with him.

We are lucky. We know this. We don't need to be told. Those less fortunate should spend their time looking for their own KD rather than p*ss and whine about how we have ours.

I know these numbers are probably better this last season due to the play-offs and challenge cup final, but we can't rely on those achievements every season and I bet not even that balanced the books.

If the plan is for the club to be able to be sustainable once Ken has left then it would appear there is still a lot of work to do.

Adeybull - whilst I accept your statements are accurate you are looking at them through the only window you can. They do not show the full picture going on at the club.

As Danril pointed out - those of us that attend the forum meetings, have conversations with Directors and have a general interest in the day-to-day running of the club know these final figures form part of the picture. Ken Davy has gone on record saying that he sells a property a year to finance the club and that will continue until it can finance itself.

Yes - without him we would be insolvent but if he had never come along there would be no Huddersfield Giants at all to start with.

Ken Davy has dragged this club from nothing to where it is today and each and every fan knows and respects that.

Did'nt the Giants fund part of the Zone complex early 2008 along with HTFC