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Post by salford1963 on Sept 10, 2024 12:11:18 GMT
www.bbc.com/sport/football/articles/c1474ry9g4zo.ampIt’s definitely a financial mess at Moor Lane and I doubt the Class ‘92 envisaged being still being in League 2 today. On the face of it their finances are reliant on away fans which can’t be sustainable in the medium term. It'll be interesting to hear the view of their fans who post on here SalfordSlim. Where do they go from here?
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Post by lhred on Sept 10, 2024 12:31:06 GMT
I know we argue the rights and wrongs of salfords financial position but today St Helens have announced losses of 1.3 million for last year so it just goes to show what a mess the sport is in that one of the flagship clubs has such losses it’s no wonder we’re struggling!
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Post by russ on Sept 10, 2024 15:13:33 GMT
All sport is financially dire and soccer would lose far more clubs if it wasn't such a sacred cow in England.
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Post by salfordredforever on Sept 10, 2024 16:25:46 GMT
I know we argue the rights and wrongs of salfords financial position but today St Helens have announced losses of 1.3 million for last year so it just goes to show what a mess the sport is in that one of the flagship clubs has such losses it’s no wonder we’re struggling! Looks like they have been losing money hand over fist and I have no doubt the majority, if not all clubs are virtually in the same boat. I know they lay some blame on the pandemic etc and have no doubt it took its toll, but 1.3 million and they still say they are going to spend up to the salary cap. Something is wrong somewhere, like you say one of our top clubs etc. Dread to think what the debt is at clubs like Hull, Leeds and Wire. The only club which seems to be on the up is Hull KR and good luck to them. Unfortunately just having a handful of teams in SL just wont wash and wont sustain a professional sport for very long. |
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Post by kreuzbergred on Sept 10, 2024 16:26:32 GMT
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Post by JJR on Sept 10, 2024 16:31:26 GMT
I know we argue the rights and wrongs of salfords financial position but today St Helens have announced losses of 1.3 million for last year so it just goes to show what a mess the sport is in that one of the flagship clubs has such losses it’s no wonder we’re struggling! Not really, it’s not the sport, it’s the poor financial planning of two clubs. i assume, however, having blamed the RFL, Sky and the fans last year that we won’t make the same mistake this year. Its the Business Plans that are wrong, not the sport. As Mr Micawber said; ‘income twenty pounds, expenditure nineteen pounds nineteen shillings and sixpence…happiness…income twenty pounds, expenditure twenty pounds and six pence…misery’..plan and live within your means..v simple. |
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Post by lhred on Sept 10, 2024 16:59:52 GMT
Poor planning of two clubs? they all make losses none of them make a profit So when every club announces a loss which is what they will do is that the poor planning of all clubs and not the sport then?!every club makes a loss obviously some have rich people in place ie Davey Moran Beaumont the Wigan guy but if they pulled there money they would be gone!
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Post by JJR on Sept 10, 2024 17:25:15 GMT
In essence the clubs you mention have benefactors and those people subsidise their clubs…a given
So we, with no benefactor, should not make that mistake and lose money, unless we just want to blame the world for our misdemeanours and have to go cap in hand to supporters and the Council and sell our best players…as we have been doing for a number of years
It’s not rugby leagues fault it’s a business planning fault
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Post by lhred on Sept 10, 2024 17:59:10 GMT
You mean like when the club mentioned about going to play at moor lane because we couldn’t afford at the time to stay at stadium but you slagged them off for entertaining that thought even though it would have been affordable and meaning what money we had was used properly?!
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Post by cmillward20 on Sept 10, 2024 18:37:22 GMT
You mean like when the club mentioned about going to play at moor lane because we couldn’t afford at the time to stay at stadium but you slagged them off for entertaining that thought even though it would have been affordable and meaning what money we had was used properly?! Moore lane was a massive none starter that would of killed us |
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Post by JJR on Sept 10, 2024 19:30:54 GMT
You mean like when the club mentioned about going to play at moor lane because we couldn’t afford at the time to stay at stadium but you slagged them off for entertaining that thought even though it would have been affordable and meaning what money we had was used properly?! Yep we had our Chief Exec with his Neville seemingly selling it to their fans…and the side intervention of Gerrard talking to the Council got people to see reality If you think that was a good idea…then I’m lost for words..I just can’t see anything in its favour The job of the Board is to generate the funds for it to operate professionally not opt out and go to a seventh rate ex footy stadium ; the issue is the funds aren’t being generated…not that we need to downsize to a land where nobody wants to go Yes, for some reason, I didn’t support the move…not that my view counts |
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Post by lhred on Sept 10, 2024 19:55:39 GMT
Gerrard never spoke to the council another myth pedalled out I spoke to people at council he said a lot in press but never spoke to council so he did nothing to help!as for raising money and you say that’s the boards job that’s the point none of these other clubs who are in massive rugby areas are generating money they are being kept afloat by millionaires and still making massive losses so please tell us how Salford with no millionaire owner can generate the money when no one is interested in rugby league!
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Post by JJR on Sept 10, 2024 20:10:42 GMT
In the same way as any successful business is run…you don’t depend on hand outs …you generate money
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Post by lhred on Sept 10, 2024 20:29:49 GMT
But no one in rugby league generates money!this is the big picture the big clubs get handouts off there millionaire chairmen and if those handouts stopped those clubs would be dead in the water St Helens owner pays the players wages they don’t generate income it comes from his pocket,so my point again is show me where this pot of gold is we’re supposed to generate when no one is interested in rugby league?!or again is this just another go at our board because you don’t like them?!
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Post by JJR on Sept 10, 2024 20:46:03 GMT
Just facts mate.. the Club does not generate enough money..it had to sell top players last year… raised only about a third of its planned income from the Share Option..in my view having been in that field for many years it was a failure
You have to face th3 facts at some time…without selling players, handouts from the Council and continual handouts in various guises from the fans we’d be bust. On top of that Watson and then Rowley have worked miracles with v v poor resources to keep us in SL
The Council has now bent over backwards to give the Club an immense opportunity…what an amazing gesture…but in your view Moor Lane would have been better
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