I'm guessing they've got a good accountant or they will be going bust at the end of the season, or someone is picking up the tab.

If Quins are losing 2 million english pounds a year with similar crowds it doesn't bode well for the Welsh club

I find it very hard to believe that the crowds are enough to support a full time professional squad / staff. I reckon Wakefield will only just be scraping by and the crowds there are much better, and they have a weaker squad. Obviously they now have a wealthy backer.

Obviously people will defend the Crusaders to the death on this forum, I'm sorry but I just don't see how they will manage financially, no doubt I will be labelled a 'flatcapper' and the pro expansion brigade will hold a shotgun to my head, but once you take the blinkers off and think about the situation you might find there has to be a massive void of money that will have to be filled in by someone.

Does anyone ever make use of the corporate stuff at Crusaders? I can't see it happening personally.


Quins lose 2 million a year... seriously.. how on EARTH do they keep going?

If I was bankrolling them and they were costing me that amount of cash I'd be distinctly unimpressed.

A wealthy backer. The Quins owner deserves an award for services to RL; year before was 1.6 million I think.
Crusaders have such a tiny wage bill in comparison to many teams.
Hull KR often tout the magic 10,000 to break even agreed? Crusaders' wage bill is half easily and the tickets in the main stands are £20 and £25, hence the 4,500 (roughly).

The other thing of note is that the clubs received an increase in TV monies a couple of years back and accounts are always a year behind, i'd be curious to see published accounts for last year could anyone point me to them? I heard Cas made a profit?

From looking at the highlights I would say the gate is about right.

500 Cas fans about 800 in the main stand and about 1500 in the new stand.

Dont forget season tickets count even if you dont turn up.

You just made that up haven't you?.

So you think wakey should be pulling in well over 75thousand gates like a big football team thats been going for over a hundred years do you?.

Whats HKR att after a hundred years of service to rl.

No you don't remember that. It didn't happen.

I am starting to think that some people on here believe that if you repeat a blatant lie enough times it will somehow become a truth


Since 2003 I have asked for proof of any such bail out......I have never seen any.

As for PHIPSS being stunned that Quins ship about 2 million a year.........how do you think The Melbourne Storm would have faired if they weren't owned by the Broadcaster Partner and equal shareholder in the NRL up until this year?

London RL was never given any assistance....if it weren't for David Hughes I honestly believe there would be no SL club in the capital and ther SLY TV deal would be for considerably less than it is.

Iv'e got one of them on ignore,i'd have a few more on it as well but unfortunately they're all moderators and the bloody machine wont let me do it.

Losing 2 MILLION pounds every year is just stupidity.

The more I think about it the more stupid it becomes.


In a way you could understand it if whoever is losing this money was losing it at a club like Wigan, St helens or any other club thats been around for a long time. Maybe the person was brought up following them and is happy to lose that type of cash every year just because its the club they grew up with.

But Quins have only been around since 2005. And even the first entity only started in 1980 when they were Fulham. So it's not that likely that thats the reason for the person losing that type of cash.

2 MILLION pounds a year.

I am speechless.


Almost.

In your opinion, but given David Hughes has made enough money to be able to afford to lose 2 million a year, I'd suggest he isn't stupid.

2 million is that all some footie teams lose that a week.

I'm guessing no-one knows who will be footing the Crusaders bill at the end of the year then?

By the way, if people think this is a desperate attempt to convince people that Crusaders shouldn't be given a licence on the basis of financial assumptions then you are wrong, I am merely curious.

This isnt a football team we are talking about though.

Do the math.

You mean this equation-Low crowds =low income =debt?
So many RL experts on the VT,makes one wonder why they aren't involved in running a club or the game.

No.
10,000 to break even on a 1.6 million cap paying £20 a ticket. Crusaders 'claim' they only need 4,500 to break even with 25% higher ticket prices for say half the fans. That gives a basic estimate of just over the 50% salary cap mark, probably 800-900k

This may be true, however, they are not running at an average of 4,500.

It’s more like 3,500, so, with a shortfall of 1,000 supporters, surely, this would equate to roughly £260,000, who will pick up the tab?

ANYONE that loses 2 million every year and doesnt do anything about it IS VERY stupid.

The owners presumably. That was a statement made last year in which they surpassed the break even mark.. supposedly. One presumes they're operating on a lower cap this year i dont know. 260,000 isnt a massive loss regardless

Was that before or after they entered administration?

They need to be making a "profit" anyway, the RFL need paying back that 700k!

They take it from their Sky cut automatically each year.
They entered administration supposedly on the back of old debts and financially were doing okay last year; supposedly. No one really knows but in reply to J.C.s comments, one can make rough estimates and come to assumptions, whether they're right or wrong time will tell.

Put it this way, Crusaders' owners won't be footing a 2 million a year bill ill tell you that for free

,how many of those are children and OAPs paying 60 quid for a season ticket or adults paying 150 quid for a season ticket.Nothing adds up with that club.

That's not what you said...


...back track all you want, it just shows you up (again)

Ahh but thats the same as all clubs so therefore the magic '10,000' becomes a relative directly between all clubs. Crusaders season tickets arent cheap and from what I hear from the town there's not THAT many freebies given away, moreso discounts which doesn't appease the ST holders.
If I were a betting man next year I think you'll see sunday games again and cheaper season tickets to try and get better crowds to offset this years losses. Time will tell.