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Comeonmylovers.co.uk
Comeonmylovers.co.uk (IP Logged)

Premiership Rugby Finances
25 June, 2018 15:46
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Edited 1 time(s). Last edit at 08/07/2018 05:47 by CoochieCoo.

 
DanWiley
DanWiley (IP Logged)

Re: Premiership Rugby Finances
25 June, 2018 16:00
Very interesting

In case anyone else finds it difficult to read the table at the top, here's my attempted to clear it up:

[ibb.co]

 
DanWiley
DanWiley (IP Logged)

Re: Premiership Rugby Finances
25 June, 2018 16:05
I may not have aligned things correctly.

Not really clear what Exeter are doing some much righter. Just keeping wages down and being successful.

 
MESSAGES->author
CoochieCoo (IP Logged)

Re: Premiership Rugby Finances
25 June, 2018 16:16
The layout is ok on the mobile version. At least it was ok on my iPad. The desk top version is not good but if you go to the bottom of the article and click the printer friendly version it opens in a new window and is OK to read.



http://zdgzqa.bay.livefilestore.com/y1p7Mwi7pLXeM89TY2KFdDQ-UUDGSv1FKNdhYdrW-koAuRN3tsqCPfE3onFxuO-3cZ0057Tom1uJai3vjkz3dvY_Q/1998%20Euro%20Champs.jpg http://zdgzqa.bay.livefilestore.com/y1pFul9UAV5zEXOzeRc1kmmlgDKXTYTIlTnGoQzYelH6KzdCeU-exN0IGo74QN2OGvlSoEiVjzAESvHx9BFlBsNFA/Bath%202008.jpg

 
Bath Supporter Jack

Re: Premiership Rugby Finances
25 June, 2018 17:03
As Mr Wiley says very interesting........and very thorough which his exactly what I would expect from Mr CC!

A few stand out points;

1. Given there were five Exeter players in the England 23 for the latest Test against SA I can see some tension in the next salary negotiations. Big question are Exeter paying up to the salary cap at the moment?

2. We have heard a lot from Mr Rowe in the past about the extra non rugby earnings from their facility at Sandy Park but as you point out Mr CC at £1.5m they are in fact pretty low and are only 9% of total revenue. However if it was a quasi rental and everything is outsourced then their profit is created by the external sales.

3. This situation is not going to last indefinitely and the Clubs are going to have to move, quickly to a more sustainable model.

4. Very large difference in playing and team management ranging from 107 - Newcastle to Wasps - 53. Can't be comparing apples and apples here. It looks like 70 - 90 is the range.

5. As you pick up on the EBITDA number Bath's accelerated depreciation of temporary West Stand does distort the numbers. I suspect that Bath is well on track to be sustainable, ie breakeven in 2 - 3 years.

6. Very surprised that Bath has such a relatively high turnover putting it in fourth place. I suppose the Clash is responsible for a chunk of that even though it does not......I imagine make a massive contribution.

7. No wonder Mr Wray wants someone to give him a hand!

 
MESSAGES->author
Which Tyler (IP Logged)

Re: Premiership Rugby Finances
25 June, 2018 17:55
FTR, and IIRC, 4 clubs there made a loss of less than the salary cap increased for that year (Glos, Saints, Tigers, Sale; with a £1.5M increase).
I've said it score, and no doubt will again, we saw a 50% increase in the cap over a 2(?) year period; that was way too quick, and will inevitably have pushed a few of the more-or-less breakdown clubs well into the red, which will take a good few years to recover.

We need a cap freeze, and for a decent time frame, to let the income catch up with the new expenditure.



A man who cannot change his mind, cannot change anything
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MESSAGES->author
hasta (IP Logged)

Re: Premiership Rugby Finances
25 June, 2018 18:43
Quins! Jesus that looks bad.

 
St tub
St tub (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 10:30
Saints had to fork out for a fair bit of severance in all that lot.. I think you can differentiate between normal and one off's in the cash flow (coaches) and payments to outgoing directors

 
Poking With Sticks
Poking With Sticks (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 12:47
Quote:
Bath Supporter Jack
1. Given there were five Exeter players in the England 23 for the latest Test against SA I can see some tension in the next salary negotiations. Big question are Exeter paying up to the salary cap at the moment?

Yes, they are.

Quote:
2. We have heard a lot from Mr Rowe in the past about the extra non rugby earnings from their facility at Sandy Park but as you point out Mr CC at £1.5m they are in fact pretty low and are only 9% of total revenue. However if it was a quasi rental and everything is outsourced then their profit is created by the external sales.

I think it might just be a difference in the way it's being reported. As I understand it any monies taken on a matchday are deemed 'rugby income' and any taken on other days are 'non-rugby income'. For comparison that would mean that if there was a casino, like at the Ricoh, that would be 'rugby income' on a matchday.

 
BathMatt53
BathMatt53 (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 18:20
£6m according to Rowe

[www.google.co.uk]

 
DanWiley
DanWiley (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 18:39
Doesn't that suggest he's really bad at estimating?

 
BathMatt53
BathMatt53 (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 18:51
He is a very successful business man, so I doubt it.

 
DanWiley
DanWiley (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 19:34
"He estimated ‘at least £6 million’ of their £16m income for the financial year ended June 30, 2016 was generated by the complex."

"The Chiefs’ financial accounts for the year ended June 30, 2016 showed total that total revenue was £16,988,853.

That was broken down into £15,427,210 in ‘rugby income’ and £1,561,643 in ‘Sandy Park income’."

 
BathMatt53
BathMatt53 (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 19:44
Yes I did read it before I posted it!

You omitted the point of the article which was that (in the view of Tony Rowe, who knows a thing or two about it) the figure didn’t reflect the actual breakdown? This backs up exactly what PWS says above, that the accounting doesn’t reflect the full picture.

 
DanWiley
DanWiley (IP Logged)

Re: Premiership Rugby Finances
26 June, 2018 19:46
I'd say that's a fairly big discrepancy and I'm inclined to go with their accounts rather than their owners spin.

 
Poking With Sticks
Poking With Sticks (IP Logged)

Re: Premiership Rugby Finances
27 June, 2018 07:18
I'm not clear what purpose that spin would serve under the circumstances?


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