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| Wellens Hodgson
Gardner Monaghan
Shenton Bridge
Soliola Atkins
Meli King
Pryce Briers
Eastmond Myler
Graham Morley
Roby Monaghan
Perry Carvell
Puletua Anderson
Wilkin Westwood
Flannery Harrison
Moore Higham
LMS Wood
Clough Cooper
Wheeler Grix
Do you really think there is much of an overall salary difference there?
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| Quote ="The All New Chester Wire"Wellens Hodgson
Gardner Monaghan
Shenton Bridge
Soliola Atkins
Meli King
Pryce Briers
Eastmond Myler
Graham Morley
Roby Monaghan
Perry Carvell
Puletua Anderson
Wilkin Westwood
Flannery Harrison
Moore Higham
LMS Wood
Clough Cooper
Wheeler Grix
Do you really think there is much of an overall salary difference there?'"
Saddened referred to "other relatively wealthy clubs" so I'm not sure why you are comparing against Saints.
Although to be fair it does raise the question of how Saints are under the cap?
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Wellens Hodgson Webb Phelps Tomkins
Gardner Monaghan Smith Briscoe Richards
Shenton Bridge Delaney Yeaman Carmont
Soliola Atkins Senior Gleeson Tomkins
Meli King Hall Whiting Roberts
Pryce Briers Maguire Horne Finch
Eastmond Myler Burrow Long Deacon
Graham Morley Leuluai Meley Fielden
Roby Monaghan Buderus Houghton Leuluai
Perry Carvell Peacock Radford Lima
Puletua Anderson JJB Manu Hoffman
Wilkin Westwood Ablett Tickle Hansen
Flannery Harrison Sinfield Fitzgibbon O'Loughlin
Moore Higham Bailey Moa McIlorum
LMS Wood Cross Westerman Coley
Clough Cooper Lauititi Dowes Mossop
Wheeler Grix Kirke Lauaki Prescott
All pretty similar salary bills I reckon.
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| Back on subject. Well done to the relevant people at the club for managing to operate at a profit through difficult trading times whilst being successful on the pitch.
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| Good, isn't it?
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| It's very good indeed. Seems like we're going from strength to strength both on and off the field.
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| Quote ="Paul Youane"Warrington Sports Holdings consolidated group accounts for the year to the end of November 2010 have been posted at companies house.
Initial review would seem quite positive with turnover up by nearly 5% to over £6m and profit up from £21k in 2009 to £197k in 2010.
=#FF0000Worth noting that for the first time the accounts acknowledge that the club, in conjunction with the RFL, are involved in ongoing discussions with HM Revenue and Customs relating to image rights payments to certain players in previous years.'"
So now do you believe me?
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| Fill us in Rogues....
Have we been nawty?
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| He'll PM you in a moment Wire_85 but don't worry folks we'll all get to see it too
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| Quote ="Horatio Yed"He'll PM you in a moment Wire_85 but don't worry folks we'll all get to see it too
'"
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| Quote ="Horatio Yed"He'll PM you in a moment Wire_85 but don't worry folks we'll all get to see it too
'"
Ive gone back to using Firefox, so it shouldn't happen again. For some reason the "quote" function when using google chrome causes problems.
Or maybe it doesn't like 63 year olds.
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| Quote ="Wire_85"Fill us in Rogues....
Have we been nawty?'"
Noooo, just bent the rules a little like most super league clubs were doing at the time. Believe Leeds have a test case ongoing at the moment.
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| Did they bend the rules? I thought it was some stupid retrospective law that will shaft a few clubs?
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| Quote ="Rogues Gallery"Quote ="Paul Youane"Warrington Sports Holdings consolidated group accounts for the year to the end of November 2010 have been posted at companies house.
Initial review would seem quite positive with turnover up by nearly 5% to over £6m and profit up from £21k in 2009 to £197k in 2010.
=#FF0000Worth noting that for the first time the accounts acknowledge that the club, in conjunction with the RFL, are involved in ongoing discussions with HM Revenue and Customs relating to image rights payments to certain players in previous years.'"
So now do you believe me?'"
And we hadn't heard about this before Rogues informed us....
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| Quote ="Horatio Yed"Did they bend the rules? I thought it was some stupid retrospective law that will shaft a few clubs?'"
Think the law was always there, just not enforced, open to interpretation, football will be there main target.
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| Does this mean if we don't reach a final we will make a loss ?
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| Quote ="PADDERS"Does this mean if we don't reach a final we will make a loss ?'"
I would have thought the extension, if it shows on next years accounts, would guarantee a loss anyway.
You've got to speculate to accumulate.
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| Wigan summary for 2010
Accounts for the last financial year (ending Nov 2010 - i.e. the 2010 season) has recently been filed by the club with Companies House.
Main highlights:
- Operating profit of £141k against an operating loss of £459k from 2009
- Turnover up 15% to £5.5m against £4.8m the previous year
- Stadium rental costs of £197k against £190k the previous year. Notes to the accounts confirm that "rates determined by match revenues" and we have a "25 year renewable lease"
- The £2m loan that was assumed to be owed to Whelan was paid on 3 December.
- Net debt position reduced from £1.63m to £1.29m
Overall some very encouraging results and will probably only get better this year.
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| 25 year lease? Renewable when? I automatically assumed the lease would be a 99 years term.
PS
£2 million loan 'paid'? That wouldn't correlate with the accounts, so I assume it has been written-off/substituted by a current Director's loan to remove it from the accounts.
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| Quote ="Ian 77 Redux"I would have thought the extension, if it shows on next years accounts, would guarantee a loss anyway.
You've got to speculate to accumulate.'"
Wouldn't imagine they would be paying for it outright from profits. Could get a loan from a bank amortising over a number of years, director's loan, issue more shares etc.
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| Quote ="getdownmonkeyman"25 year lease? Renewable when? I automatically assumed the lease would be a 99 years term.
PS
=#FF0000£2 million loan 'paid'? That wouldn't correlate with the accounts, so I assume it has been written-off/substituted by a current Director's loan to remove it from the accounts.'"
Transaction involving a director. Compulsary note in any set of limited company accounts.
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| Quote ="Ulster Wire"Wouldn't imagine they would be paying for it outright from profits. Could get a loan from a bank amortising over a number of years, director's loan, issue more shares etc.'"
I'm not suggesting they would; but however they're paying for it, be it loans or whatever, is bound to impact on next year's accounts and wipe out any profit we might make from winning the Grand Final and WCC.
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| Quote ="Ian 77 Redux"I'm not suggesting they would; but however they're paying for it, be it loans or whatever, is bound to impact on next year's accounts and wipe out any profit we might make from winning the Grand Final and WCC.'"
Would obviously depend on our levels of profit and what the repayments were but I see your point. I would actually be interested to know if anyone wants to ask when they get the opportunity at an event. Unfortunately I'm exiled and can't attend
On the Image Rights issue theres a guy on the Bradford forum (think it's Adey Bull) who gives a really good account of what has/is going on.
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| Our income should also rise in the next set of accounts;
Season tickets went up by an average of £20 multiply this by around 7k ST holders thats another £140k, maybe only £100k with the reduced kids tickets.
Plus our overall attendances are up considerably on last year, I would guess at least an average of 1500 people at £15 each (allowing for kids prices) which equates to £22.5k per game x 13 home games giving an extra £292k.
Adding these together this is nearly £400k of extra revenue.
This also doesnt include the rise in food/drink prices of around 10%.
Before anyone starts picking my figures apart these are guesstimates.
I'm not sure if retirement lump sums alledgedly paid to Aussie Wingers come off this though
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