Latest News:
Report This Message
Are you sure you want to report this post?

Re: Ambition and reality, two different things...
Posted by: Dr Zaius
Date: 24/03/2012 07:19
The club's accounts are quite clear - as at the last year end there was no bank loan. There is no conspiracy as the two clubs' finances are kept in separate companies. The Rhinos get about 1.25m a year from their TV deal, crowds of 15,000 say will bring in about 4m and the rest of their 10m or so turnover will be generated from sponsorship, retail and the corporate and hospitality (and ground rental!) business that comes with owning Headingley rugby stadium. And a bit of prize money...

The accounts of the two companies are in stark contrast. One with large net assets, property, turnover, profits and cash. The other heavily loss making, reliant on borrowing, with minimal fixed assets - if it were a stand alone company any financial advisor would probably be reminding the directors of their responsibilities regarding trading whilst technically insolvent. As it is the position is guaranteed by Caddick.

You may optionally give an explanation for why this post was reported, which will be sent to the moderators along with the report. This can help the moderator to understand why you reported the post.

We record all IP addresses on the Sportnetwork message boards which may be required by the authorities in case of defamatory or abusive comment. We seek to monitor the Message Boards at regular intervals. We do not associate Sportnetwork with any of the comments and do not take responsibility for any statements or opinions expressed on the Message Boards. If you have any cause for concern over any material posted here please let us know as soon as possible by e-mailing

Who is online?

Total users online:  

Most users online:  

Users on this site:  

Where are they?