Update on Granby Halls hotel

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sammy
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Update on Granby Halls hotel

Post by sammy » Wed Nov 14, 2018 8:00 am

Deal signed - work should start next year. Details from the Mercury here.

https://www.leicestermercury.co.uk/news ... rs-2215283

Coops
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Re: Update on Granby Halls hotel

Post by Coops » Wed Nov 14, 2018 9:09 am

Would have thought that the LM would actually know the facts about the Premiership and the salary cap:
The positive news comes just weeks after Tigers – which has introduced a two year cap on players wages – announced pre-tax losses of almost £1 million on a record turnover of more than £20 million last season.
:smt015 reporting

Ian Cant
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Re: Update on Granby Halls hotel

Post by Ian Cant » Thu Nov 15, 2018 8:28 pm

Nothing wrong with The Mercury. The 3rd year of making a loss is more worrying as we have no owner to bankroll this.
Tigers need to put plans in place to make sure the fans get to the ground and support the team and buy the merchandise in the shop ( which is really struggling this season).
If the hotel is like most of Simon Cohen’s dealing with the ‘ world wide hunt for a top coach’ ), then we could be in trouble!
Time to look at Sarries and Exeter like they, a few years ago looked at us!

ellis9
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Re: Update on Granby Halls hotel

Post by ellis9 » Thu Nov 15, 2018 8:47 pm

Ian Cant wrote:
Thu Nov 15, 2018 8:28 pm
Nothing wrong with The Mercury. The 3rd year of making a loss is more worrying as we have no owner to bankroll this.
Tigers need to put plans in place to make sure the fans get to the ground and support the team and buy the merchandise in the shop ( which is really struggling this season).
If the hotel is like most of Simon Cohen’s dealing with the ‘ world wide hunt for a top coach’ ), then we could be in trouble!
Time to look at Sarries and Exeter like they, a few years ago looked at us!
They've reported it wrong though. Tigers haven't brought this 2 year contract plan in, every club must abide by it as I understand.

I don't want to be like Saracens thank you very much!

Ian Cant
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Re: Update on Granby Halls hotel

Post by Ian Cant » Thu Nov 15, 2018 8:59 pm

Agreed Ellis. A bit of lazy reporting or just telling it like Tigers’ did.
The loss of £1 million, over one season,is still a worry though.

jgriffin
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Re: Update on Granby Halls hotel

Post by jgriffin » Fri Nov 16, 2018 2:55 pm

Ian Cant wrote:
Thu Nov 15, 2018 8:59 pm
Agreed Ellis. A bit of lazy reporting or just telling it like Tigers’ did.
The loss of £1 million, over one season,is still a worry though.
But the club is doing something about income, unlike Wasps!
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ourla
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Re: Update on Granby Halls hotel

Post by ourla » Fri Nov 16, 2018 3:02 pm

jgriffin wrote:
Fri Nov 16, 2018 2:55 pm
Ian Cant wrote:
Thu Nov 15, 2018 8:59 pm
Agreed Ellis. A bit of lazy reporting or just telling it like Tigers’ did.
The loss of £1 million, over one season,is still a worry though.
But the club is doing something about income, unlike Wasps!
The Wasps thing is interesting because Andy Goode, who does have an inside line, is adamant they are financially sound. And in a wider context the talk of a major Prem club hitting problems has been going on for a few years now and Sarries, Bath, etc. are all still in business.

Everyone is making a loss, I understand that... but it's kind of so what isn't it - they are all still in business. Maybe next year....
You're either in or you're out

mol2
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Re: Update on Granby Halls hotel

Post by mol2 » Fri Nov 16, 2018 7:41 pm

Not all losses are “bad” and sometimes that might reflect writing off depreciation to avoid paying tax on profits.

In the end having the cash to pay your bills and wages is key. Many businesses that are profitable on paper go under because they don’t have the money in the current account to cover the dat to day spending.

If a sponsor lends a club a £1000000 (with no need to pay it back) they may well seem to have lost £1000000 but if they were given (rather than leant) the same sum they will be in the same financial position but not showing a loss.

chappie
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Re: Update on Granby Halls hotel

Post by chappie » Fri Nov 16, 2018 8:35 pm

All well and good about the development, but unless the club gets it right on the pitch season tickets will fall even more, merchandise will be down, it’s the bread and butter to get a team that can challenge on all fronts, bring success and the crowds will follow, unless things change soon I hate to say but the future looks very bleak at the moment 😢
Still on the halfway line, Crumbie for ever!

tigerssteve
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Re: Update on Granby Halls hotel

Post by tigerssteve » Fri Nov 16, 2018 10:22 pm

ellis9 wrote:
Thu Nov 15, 2018 8:47 pm
Ian Cant wrote:
Thu Nov 15, 2018 8:28 pm
Nothing wrong with The Mercury. The 3rd year of making a loss is more worrying as we have no owner to bankroll this.
Tigers need to put plans in place to make sure the fans get to the ground and support the team and buy the merchandise in the shop ( which is really struggling this season).
If the hotel is like most of Simon Cohen’s dealing with the ‘ world wide hunt for a top coach’ ), then we could be in trouble!
Time to look at Sarries and Exeter like they, a few years ago looked at us!
They've reported it wrong though. Tigers haven't brought this 2 year contract plan in, every club must abide by it as I understand.

I don't want to be like Saracens thank you very much!
The club shop is struggling because it's overpriced and much of it is utter rubbish. Got the 125 shirt as a gift and it's total :censored:. Training shirt £100!?

RagingBull
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Re: Update on Granby Halls hotel

Post by RagingBull » Fri Nov 16, 2018 10:36 pm

ourla wrote:
Fri Nov 16, 2018 3:02 pm
jgriffin wrote:
Fri Nov 16, 2018 2:55 pm
Ian Cant wrote:
Thu Nov 15, 2018 8:59 pm
Agreed Ellis. A bit of lazy reporting or just telling it like Tigers’ did.
The loss of £1 million, over one season,is still a worry though.
But the club is doing something about income, unlike Wasps!
The Wasps thing is interesting because Andy Goode, who does have an inside line, is adamant they are financially sound. And in a wider context the talk of a major Prem club hitting problems has been going on for a few years now and Sarries, Bath, etc. are all still in business.

Everyone is making a loss, I understand that... but it's kind of so what isn't it - they are all still in business. Maybe next year....
Goode has a inside line because he works for them of course he will say they are sound they pay him

G.K
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Re: Update on Granby Halls hotel

Post by G.K » Sat Nov 17, 2018 8:43 am

Do we know which Hotel group will be running this, I couldn't see that information?

BTW you don't have to take the pie man's view of Wasps Finances, they are published on their website.
Nowadays referees decide matches, players by how much.

Dangerous4
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Re: Update on Granby Halls hotel

Post by Dangerous4 » Mon Nov 19, 2018 5:45 pm

It will be interesting to see how the whole scenario pans out. It's more exciting than the rugby is at the current time

Hot_Charlie
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Re: Update on Granby Halls hotel

Post by Hot_Charlie » Mon Nov 19, 2018 9:36 pm

G.K wrote:
Sat Nov 17, 2018 8:43 am
Do we know which Hotel group will be running this, I couldn't see that information?
The most recent submission, reported last week, was that "An operator for the hotel has yet to be named by the club".

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