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| Quote ="Les Norton"Why would Leeds be in a dire situation? They’ve been the best run club for a couple of decades now. Highest turnover, most profitable. There’ll be a hit next season with fewer season tickets and merchandise sold though.'"
To be honest, their performances and achievements for the last few years are pretty dire. How that doesn't translate into a downward revenue would be rather puzzling.
However, their filling is rather opaque... Leeds Rugby Limited: Administrative Expense, £32. Profit just under £5k, just like last year. Income from fixed assets, £4,992 just like last year. Leeds Rugby League Limited, dormant.
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| According to Bilko Wigan have lost 50,000 pounds for staging this game tonight rather than Friday no wonder the Club is losing money
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| Quote ="goobervision"To be honest, their performances and achievements for the last few years are pretty dire. How that doesn't translate into a downward revenue would be rather puzzling.
However, their filling is rather opaque... Leeds Rugby Limited: Administrative Expense, £32. Profit just under £5k, just like last year. Income from fixed assets, £4,992 just like last year. Leeds Rugby League Limited, dormant.'"
Try Leeds Cricket Football And Athletic Company Ltd
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| Quote ="Les Norton"Try Leeds Cricket Football And Athletic Company Ltd'"
Interesting that there isn't just one legal entity! Running at a loss too.
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| I read the other day that lancashire cricket club will make over 8 million this year from gate reciepts from the tests and odi's plus a further 2 million from providing matchday hospitality for man united, thats on top of reciepts from t20 and other lancashire matches plus reciepts from concerts held at the ground and the central funding from the mcc from tv deals etc, kind of confirms that rl clubs are very much second class citizens when it comes to sports finance, god help us if the likes of leneghan,moran,caddick and macmannus/coleman decide theyve had enough
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Quote ="goobervision"Interesting that there isn't just one legal entity! Running at a loss too.'"
You might not be aware but millions has recently been spent on ground redevelopments.
Last year was the first loss making year for a long time.
https://www.insidermedia.com/insider/yo ... al-triumph
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Quote ="goobervision"Interesting that there isn't just one legal entity! Running at a loss too.'"
You might not be aware but millions has recently been spent on ground redevelopments.
Last year was the first loss making year for a long time.
https://www.insidermedia.com/insider/yo ... al-triumph
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You'll pay it off in no time if you keep charging 27 quid for the away terrace, fook me that was a surprise last night, and not a good one
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You'll pay it off in no time if you keep charging 27 quid for the away terrace, fook me that was a surprise last night, and not a good one
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| Having read the thread I am surprised more has not been said abut that idiotic trip to Australia. It made a loss and for it to break even they would have needed a totally unrealistic crowd of 40K for the friendly. Whoever planned it and came up with the business case that had that crowd figure in it wants shooting. The accounts state the loss on the trip counted "very significantly" to the overall financial performance.
I suppose it means next year the loss will at least be reduced because I can't see that being repeated any time soon.
As to IL ban rolling the club I am obviously glad he does but I don't think it's great one man owns 89% of the shares and is the only backer who is an actual stakeholder ( as in not just a sponsor). If he got knocked down by a bus tomorrow where would that leave the club?
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| Quote ="DaveO"Having read the thread I am surprised more has not been said abut that idiotic trip to Australia. It made a loss and for it to break even they would have needed a totally unrealistic crowd of 40K for the friendly. Whoever planned it and came up with the business case that had that crowd figure in it wants shooting. The accounts state the loss on the trip counted "very significantly" to the overall financial performance.
I suppose it means next year the loss will at least be reduced because I can't see that being repeated any time soon.
As to IL ban rolling the club I am obviously glad he does but I don't think it's great one man owns 89% of the shares and is the only backer who is an actual stakeholder ( as in not just a sponsor). If he got knocked down by a bus tomorrow where would that leave the club?'"
Maybe next year we'll see a WCC Vs Canberra. Complete pipe dream, but that's a license to print money imo.
Have to disagree on the IL situation. Name me one other successful sports team that isn't owned by one person/family. The one that stands out is Barcelona, but that's a different kettle of fish to Wigan. If IL drops dead tomorrow then his wealth will pass to his family. They might sell or they might continue, either way I'm confident we'll be ok.
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| Quote ="DaveO"Having read the thread I am surprised more has not been said abut that idiotic trip to Australia. It made a loss and for it to break even they would have needed a totally unrealistic crowd of 40K for the friendly. Whoever planned it and came up with the business case that had that crowd figure in it wants shooting. The accounts state the loss on the trip counted "very significantly" to the overall financial performance.
I suppose it means next year the loss will at least be reduced because I can't see that being repeated any time soon.
As to IL ban rolling the club I am obviously glad he does but I don't think it's great one man owns 89% of the shares and is the only backer who is an actual stakeholder ( as in not just a sponsor). If he got knocked down by a bus tomorrow where would that leave the club?'"
Handed down to his next of kin(Wife)
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| Quote ="sergeant pepper"Maybe next year we'll see a WCC Vs Canberra. Complete pipe dream, but that's a license to print money imo.
Have to disagree on the IL situation. Name me one other successful sports team that isn't owned by one person/family. The one that stands out is Barcelona, but that's a different kettle of fish to Wigan. If IL drops dead tomorrow then his wealth will pass to his family. They might sell or they might continue, either way I'm confident we'll be ok.'"
I know Saints have one major backer bit I am pretty sure the other directors have put money into the club.
I’d prefer it the ownership of the club was such that if IL did drop dead it’s not what his family decides that counts.
Then there is always the idea that two heads are better then one. We could do with a proper board of directors invested in the club IMO. Not only could they put money in as I believe happens at Saints but IL is not infallible as the Oz trip showed. I also thought pre IL one of the criticisms was it was just DW who owned the club with his sidekick Mo Lindsay running it. Well it’s IL and Rads occupying those roles now.
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| Quote ="Redvee69"I read the other day that lancashire cricket club will make over 8 million this year from gate reciepts from the tests and odi's plus a further 2 million from providing matchday hospitality for man united, thats on top of reciepts from t20 and other lancashire matches plus reciepts from concerts held at the ground and the central funding from the mcc from tv deals etc, kind of confirms that rl clubs are very much second class citizens when it comes to sports finance, god help us if the likes of leneghan,moran,caddick and macmannus/coleman decide theyve had enough'"
They have also spent a small fortune upgrading their ground to ensure it retains its test match status.
Owning your own stadium in the right area can offer huge financial rewards - sadly we will not see the likes of Bruce Springsteen or Robbie Williams performing in Wigan, nor can we offer executive parking and pre-match dining for Man Utd home games.
As we don't own a stadium to utilise, the only way our club can generate income is through winning trophies, gate receipts, sponsorship, merchandise and sky's handouts. The only way we remain profitable (and viable), is to ensure our outgoings don't exceed income. That means daft ideas like playing a home fixture outside of Wigan don't happen.
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| Quote ="muttywhitedog"
- sadly we will not see the likes of Bruce Springsteen or Robbie Williams performing in Wigan. .'"
Why not? Elton John and Lionel Richie have both recently played at LSV and we've seen guys like Rod Stewart and the Killers playing at BWFC.
It's a challenge managing a stadium, but it can work imo. I'd say some of the people who wouldn't want to see us having our own ground are slightly defeatist and short sighted.
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| I think we need to not forget we are spending £3.5m on the robin park redevelopment
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| Quote ="Tricky Dicky"I think we need to not forget we are spending £3.5m on the robin park redevelopment'"
Which we don’t own on the balance sheet?
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| Quote ="sergeant pepper"Why not? Elton John and Lionel Richie have both recently played at LSV and we've seen guys like Rod Stewart and the Killers playing at BWFC.
It's a challenge managing a stadium, but it can work imo. I'd say some of the people who wouldn't want to see us having our own ground are slightly defeatist and short sighted.'"
Have you got permission to hold gigs at your place? I cant see that it would be a noise nuisance issue for residents. Pretty sure we cant at warrington,
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| Lordy the acoustics at the DW are bloody awful the thought of trying to bop the night away there isn't a pleasurable thought to me
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| Quote ="sergeant pepper"Why not? Elton John and Lionel Richie have both recently played at LSV and we've seen guys like Rod Stewart and the Killers playing at BWFC.
It's a challenge managing a stadium, but it can work imo. I'd say some of the people who wouldn't want to see us having our own ground are slightly defeatist and short sighted.'"
Because both those artists command crowds of at least 50k plus, but a lower level of artiste then yes it could happen.
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| Quote ="hengirl"Because both those artists command crowds of at least 50k plus, but a lower level of artiste then yes it could happen.'"
Are you saying the LSV holds more than 50,000? Bolton's holds 28,000 and is twice the size of Leigh's.
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| Quote ="proper-shaped-balls"Are you saying the LSV holds more than 50,000? Bolton's holds 28,000 and is twice the size of Leigh's.'"
I’m not saying that at all,if you read what I said both Williams and Springsteen command crowds of 50k which clearly only the etihad and old Trafford can accommodate,but an artist such as those that have played there such Elton John,Lionel Ritchie etc can fill the LSV,Bolton and I presume the Dw if they started to do gigs,could manage to fill them.
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| The owners of WAFC have been looking at holding concerts at the ground for the last 9/12 months (Even before the final sign off of their acquisition had been signed off).
But apart from keeping the Landlords happy which in turn may keep them off our backs I don't see how having them helps us?
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| Quote ="Fantastic Mr Cat"You'll pay it off in no time if you keep charging 27 quid for the away terrace, fook me that was a surprise last night, and not a good one'"
Scandalous, I agree.
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| Quote ="hengirl"I’m not saying that at all,if you read what I said both Williams and Springsteen command crowds of 50k which clearly only the etihad and old Trafford can accommodate,but an artist such as those that have played there such Elton John,Lionel Ritchie etc can fill the LSV,Bolton and I presume the Dw if they started to do gigs,could manage to fill them.'"
I've just looked further back, you quoted the wrong poster.
I agree about Williams and Springsteen.
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| to be fair lads ourselves at HKR have had a couple of big gigs (20k plus) at craven park over the last couple of years, as well as holding the Tommy Coyle vs Luke Campbell fight.
Craven Park is not very good acoustically however both went really well. I was at the paul heaton gig and it was fantastic really and there is something festival like about it been open air, much better atmosphere.
Long story short if we can make it work here I am sure the DW would work. However the timing with the football season would leave a very small window in the summer months
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| Quote ="MadDogg"[urlhttps://beta.companieshouse.gov.uk/company/00174692/filing-history[/url
A loss of £1.4 million- ugly stuff. Particularly the part where the auditors expressed 'material uncertainty' about the ability of the company to continue.'"
Quote ="[Gareth"So the club owes IFL ~£5.3M?'"
This is not good reading and although I am not an accountant I'd have to agree that if IL got fed up and walked away then you are not in a very good state of affairs monetary wise
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