Prem Club Finances

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ourla
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Prem Club Finances

Post by ourla » Tue Apr 09, 2019 1:02 am

Ours don't look too bad in comparison to some!

Exeter the only team in the black.

Us and Sale the only team with losses under £2m.
Last edited by ourla on Tue Apr 09, 2019 2:15 pm, edited 1 time in total.
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WiggoTiger
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Re: Prem Club Finances

Post by WiggoTiger » Tue Apr 09, 2019 6:53 am

Sadly can't read the link.
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drc_007
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Re: Prem Club Finances

Post by drc_007 » Tue Apr 09, 2019 7:15 am


Hot_Charlie
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Re: Prem Club Finances

Post by Hot_Charlie » Tue Apr 09, 2019 1:09 pm

Glad it’s ok for a club to write off £45m off debt...

Wasps’ losses of nearly £10m don’t look good long-term either.

ourla
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Re: Prem Club Finances

Post by ourla » Tue Apr 09, 2019 2:15 pm

WiggoTiger wrote:
Tue Apr 09, 2019 6:53 am
Sadly can't read the link.
Fixed
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ourla
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Re: Prem Club Finances

Post by ourla » Tue Apr 09, 2019 2:18 pm

Hot_Charlie wrote:
Tue Apr 09, 2019 1:09 pm
Glad it’s ok for a club to write off £45m off debt...
Owners prerogative.
Hot_Charlie wrote:
Tue Apr 09, 2019 1:09 pm
Wasps’ losses of nearly £10m don’t look good long-term either.
They have much higher turnover than anybody else, so the question is can that be turned into profitable turnover.
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mol2
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Re: Prem Club Finances

Post by mol2 » Tue Apr 09, 2019 7:23 pm

If it's just accounting the losses may not be what they seem.
If the sponsors cover the losses it's no big deal.

If the bank or the VAT man want it, then it's different.

Hot_Charlie
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Re: Prem Club Finances

Post by Hot_Charlie » Tue Apr 09, 2019 11:11 pm

ourla wrote:
Tue Apr 09, 2019 2:18 pm
Hot_Charlie wrote:
Tue Apr 09, 2019 1:09 pm
Glad it’s ok for a club to write off £45m off debt...
Owners prerogative.
Yep. Doesn’t make it any more palatable though! :smt001

trendylfj
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Re: Prem Club Finances

Post by trendylfj » Fri Apr 12, 2019 10:50 am

Wasps look as though they could be in much further trouble - FCA investigation re accounting errors and possible misleading the stock exchange as well as Coventry City leaving the Richo next year.

http://www.cityam.com/276196/financial- ... rugby-club
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jgriffin
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Re: Prem Club Finances

Post by jgriffin » Fri Apr 12, 2019 1:19 pm

trendylfj wrote:
Fri Apr 12, 2019 10:50 am
Wasps look as though they could be in much further trouble - FCA investigation re accounting errors and possible misleading the stock exchange as well as Coventry City leaving the Richo next year.

http://www.cityam.com/276196/financial- ... rugby-club
The question arises whether this will come to something AFTER the end of the season. Certainly has the potential for sudden crash and burn, more likely a refinance by a hedge fund.
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