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Last result: Newcastle Falcons 32-27 Dragons

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Re: Worcester Preview
Posted by: Southstand(again)
Date: 27/04/2017 08:15
Quote:
Monkey1
For the sake of argument assume the turnover of Wuss was 10m. They would then be spending 980,000 on wages and 200,000 on everything else. That is obviously away with the pixies, you simply cannot run Sixways & everything in it as well as medical, financial, insurance, etc for anything like that.
For example, if they take on average 40 people to every away game it would be a miracle if they could fly/bus, stay in hotels & eat for on average 200 per head so for 15 away games that comes to 120,000. That leaves you about 80,000 for everthing else, probably less than they spend on stock for the club shop.

After too many years looking at financial figures my first test is to ask if the big picture makes sense.

Monkey1, Worcester Warriors, I'm sure like many modern clubs, is a combination of entities.

WRFC Players Ltd is set up solely for the payment of the playing staff. It does this on behalf of its parent company WRFC Trading Ltd.

The Trading Company runs the stadium and the commercial side of the business.

In turn, Trading is financed by Hockley Investments, a company wholly owned by a Mr. David Allan and his family, the Jersey based Chairman/owner of DHL distribution.

I understand during the period of Dean Ryan's tenure one of of the primary objectives was heavy reinvestment in the Club's academies and provision of new regional training centres. This was funded by Hockley investments to the tune of 6 million.

I'm fairly sure this would account for some of figures.

Although Dean did ultimately "leave us in the lurch" this is looking to be a worthwhile investment as talented youngsters are starting to break into the first team squad.

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