IMPORTANT Remember to read the rules of the board and abide by them when posting. |
Worcester winding up order |
Post Reply | Page <1 15161718> |
Author | ||||
paddym
British and Irish Lion Joined: 01 May 2012 Status: Offline Points: 260 |
Post Options
Thanks(0)
|
|||
As far as I am aware Irish get all monies from ticket sales as they pay a fixed cost for use of stadium. Bar and catering is split unlike deal with Madejski. |
||||
Wobbler
First XV regular Joined: 07 Feb 2014 Location: Clubhouse Status: Offline Points: 97 |
Post Options
Thanks(0)
|
|||
Wasps join the HMRC party…
|
||||
moseleyfans.wix.com/moseleyfans
|
||||
dropout22
World Cup Winner Joined: 03 Jul 2017 Location: UK Status: Offline Points: 516 |
Post Options
Thanks(0)
|
|||
I've understood from speaking to business partners of his he's around the 300m mark. They wanted £300,000 a year for the shirt sponsorship he was covering. I'd imagine a split of bar monies and ticket sales, and not much more then that...
|
||||
Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11158 |
Post Options
Thanks(0)
|
|||
The Premiership clubs are living in fantasy land. Wasps need to increase revenue by £500,000 every home game - that is what 25,000 extra fans at £20 a ticket, £25 with VAT. They cannot give away that many tickets. That is with the RFu funding them to the tune of several million a year. Unfortunately, Rugby is a minority sport in England, with 10% of the market at best. The French clubs, play in a larger country where there is less interest in Soccer. So they can get bigger gates and more TV money. Our clubs are never going to be able to compete on salary with that. |
||||
Sweeney Delenda Est
|
||||
Richard Lowther
Coaching staff Moderator Joined: 19 May 2007 Location: England Status: Offline Points: 6529 |
Post Options
Thanks(0)
|
|||
£3.5M (rounded up) loss on last accounts, £5.5 accounts before.
|
||||
Richard Lowther
Coaching staff Moderator Joined: 19 May 2007 Location: England Status: Offline Points: 6529 |
Post Options
Thanks(0)
|
|||
£45million according to Google. Is that quite deep? It's certainly a lot deeper than mine but you can quickly burn through that with big losses each year. What is London Irish's deal with Brentford over the stadium revenue - especially bars - for each game?
|
||||
Richard Lowther
Coaching staff Moderator Joined: 19 May 2007 Location: England Status: Offline Points: 6529 |
Post Options
Thanks(1)
|
|||
The plain and simple truth is that clubs are still spending too much money on players and this leads to all their financial problems. Covid is a smokescreen - and for some a godsend as it opened up new financial packages. Until clubs - at all levels - realise this, the same thing will keep happening. The interesting thing is what happens at the next RFU/Premiership deal. Will the RFU finally stand up to the demands of the clubs and decrease the amount of subsidiaries they give - or will it be another cave in to the detriment of the 'community game'? |
||||
dropout22
World Cup Winner Joined: 03 Jul 2017 Location: UK Status: Offline Points: 516 |
Post Options
Thanks(0)
|
|||
Not a chance It's already bad enough, either scrap the salary cap or up it!. How far do we want to fall behind?
|
||||
Kimbo
World Cup Winner Joined: 31 May 2007 Location: 'incleh Status: Offline Points: 6211 |
Post Options
Thanks(0)
|
|||
Quite. Dream on though.
|
||||
Our Club |
||||
dropout22
World Cup Winner Joined: 03 Jul 2017 Location: UK Status: Offline Points: 516 |
Post Options
Thanks(0)
|
|||
Quite deep
|
||||
tigerburnie
World Cup Winner Joined: 10 Jun 2012 Location: Scotland Status: Offline Points: 3647 |
Post Options
Thanks(0)
|
|||
I think you'll find they already are. What is really needed is an RFU that knows what it's doing, puts in place proper checks like soccer does and enforces them..........oh and ditch the Gin and Prawn sarnies.
|
||||
FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5265 |
Post Options
Thanks(0)
|
|||
Isn't Exeter's business model based around the Sandy Park complex, which perhaps took a hit during Covid. Time for Premiership clubs to lose marquee players, cut foreign players and reduce salary cap
|
||||
"My father told me big men fall just as quick as little ones, if you put a sword through their hearts."
|
||||
Kimbo
World Cup Winner Joined: 31 May 2007 Location: 'incleh Status: Offline Points: 6211 |
Post Options
Thanks(0)
|
|||
Losing 10 mil a year, even before covid, and defaulting on bonds is not a good look. It's difficult to see a way out for them. City are apparently going to be paying for the pitch, with an arrangement for Wasps to pay it back. Good luck with getting blood out of a stone Joy.
|
||||
Our Club |
||||
Kimbo
World Cup Winner Joined: 31 May 2007 Location: 'incleh Status: Offline Points: 6211 |
Post Options
Thanks(0)
|
|||
Is he also known as Shugs by any chance?
|
||||
Our Club |
||||
tigerburnie
World Cup Winner Joined: 10 Jun 2012 Location: Scotland Status: Offline Points: 3647 |
Post Options
Thanks(0)
|
|||
Diamond responded saying it was all in hand and he wasn't concerned, basically they are ok if covid doesn't shut the game down again.
|
||||
Fly Half
First XV regular Joined: 15 Jun 2019 Location: Otley Status: Offline Points: 105 |
Post Options
Thanks(0)
|
|||
Thanks for that Mark WJ, must be worrying though when the owner is also the shirt sponsor. Essentially, total reliability on a single person. Sounds very similar to Exeter.
|
||||
Mark W-J
Coaching staff Joined: 22 May 2007 Location: United Kingdom Status: Offline Points: 3652 |
Post Options
Thanks(0)
|
|||
Irish are owned by Mick Crossan, who is the primary shareholder in their shirt sponsor, Powerday. Not sure how deep his pockets are.
|
||||
Fly Half
First XV regular Joined: 15 Jun 2019 Location: Otley Status: Offline Points: 105 |
Post Options
Thanks(0)
|
|||
I think we have all known that Wasps and Worcester have had long standing financial problems but I've always wondered how London Irish are sustainable. Do they have a money man?
|
||||
kingsheathlad
World Cup Winner Joined: 15 Jan 2010 Location: Alcester Status: Offline Points: 3259 |
Post Options
Thanks(0)
|
|||
The days when HMRC allowed a time to pay agreement appear to have gone, its a case of approach your bank for funds.
|
||||
Cauliflower ear.
|
||||
Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11158 |
Post Options
Thanks(0)
|
|||
Not just Wuss in trouble Wasps are in default on their bond and in dispute with CCFC over the state of the pitch. They have not entered a CVA or administration yet, but.
|
||||
Sweeney Delenda Est
|
||||
Post Reply | Page <1 15161718> |
Tweet
|
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |