News: Ten out of ten for Northampton Saints
By COYSDC
August 27 2010
Northampton Saints plc, the parent company of Aviva Premiership Rugby semi-finalists Northampton Saints, has declared a financial profit for the tenth consecutive season.
August 27 2010
Northampton Saints plc, the parent company of Aviva Premiership Rugby semi-finalists Northampton Saints, has declared a financial profit for the tenth consecutive season.
The company's report and accounts for the year ended May 31st, 2010 disclosed a net profit for the year after tax of £521,048, up from the £16,283 recorded in 2009. This figure was built on a record level turnover of £12.033 million that reflected the Saints team's successful playing season which included a Premiership Rugby semi-final and the only English place in the knock out stages of the Heineken Cup.
In finishing runners-up and achieving a first ever home semi-final, the Saints earned more league wins than any other team in the Premiership table. Furthermore, the Saints also won the 2010 LV= Cup trophy, representing a first major domestic title.
Chief executive Allan Robson says that he was delighted with the club's performances on and off the field and that the record level of turnover and increased profits were a solid foundation for Northampton Saints plc to build on in the future.
"The Directors were pleased with the Club's performance in 2009/10," he wrote in the Saints' annual Business Review. "We remain ambitious to show continued and consistent development in every way possible and look forward to the forthcoming season with confidence."
However Robson joined Saints chairman Keith Barwell in warning that the continued growth shown by the Saints' parent company over the past decade was under threat from the policies of Northampton Borough Council.
In May 2009 the club announced that it had reached an agreement to sell part of its land to ASDA for a new food store that would serve the Upton and St James areas of Northampton.
The deal would also enable the Saints to finance the expansion of Franklin's Gardens from its present 13,591 to just under 17,500, a 25% increase in capacity, without taking on a loan that could be prohibitive to the club's ongoing financial stability.
However, despite overwhelming support from the Northampton community, as demonstrated in a representative borough-wide survey of over 2,000 residents conducted in April 2010, the Liberal Democrat leadership of Northampton Borough Council have consistently and openly opposed the plans.
"Saints' average attendance of over 13,000 at its Franklin's Gardens stadium was 97% of maximum capacity and for the first time in the professional era Saints had only the sixth highest home attendance in the Premiership," Robson said. "This threatens to restrict the Club's finances and our competitiveness on the playing front just as the growth in popularity of rugby union really begins to take off.
"As a result, if we qualify for a home quarter final in Europe's Heineken Cup again this coming season, we will have no alternative but to play the match at stadium:mk, Milton Keynes, because with its 22,000 spectator capacity it fulfils the tournament's criteria which Franklin's Gardens does not."
Barwell added: "Unfortunately the Borough Council and its executives still appear against the idea of...enabling retail development. I can promise you the Borough Council will not stop us carrying out our plans. They might slow it down, but we will build in the end."
In finishing runners-up and achieving a first ever home semi-final, the Saints earned more league wins than any other team in the Premiership table. Furthermore, the Saints also won the 2010 LV= Cup trophy, representing a first major domestic title.
Chief executive Allan Robson says that he was delighted with the club's performances on and off the field and that the record level of turnover and increased profits were a solid foundation for Northampton Saints plc to build on in the future.
"The Directors were pleased with the Club's performance in 2009/10," he wrote in the Saints' annual Business Review. "We remain ambitious to show continued and consistent development in every way possible and look forward to the forthcoming season with confidence."
However Robson joined Saints chairman Keith Barwell in warning that the continued growth shown by the Saints' parent company over the past decade was under threat from the policies of Northampton Borough Council.
In May 2009 the club announced that it had reached an agreement to sell part of its land to ASDA for a new food store that would serve the Upton and St James areas of Northampton.
The deal would also enable the Saints to finance the expansion of Franklin's Gardens from its present 13,591 to just under 17,500, a 25% increase in capacity, without taking on a loan that could be prohibitive to the club's ongoing financial stability.
However, despite overwhelming support from the Northampton community, as demonstrated in a representative borough-wide survey of over 2,000 residents conducted in April 2010, the Liberal Democrat leadership of Northampton Borough Council have consistently and openly opposed the plans.
"Saints' average attendance of over 13,000 at its Franklin's Gardens stadium was 97% of maximum capacity and for the first time in the professional era Saints had only the sixth highest home attendance in the Premiership," Robson said. "This threatens to restrict the Club's finances and our competitiveness on the playing front just as the growth in popularity of rugby union really begins to take off.
"As a result, if we qualify for a home quarter final in Europe's Heineken Cup again this coming season, we will have no alternative but to play the match at stadium:mk, Milton Keynes, because with its 22,000 spectator capacity it fulfils the tournament's criteria which Franklin's Gardens does not."
Barwell added: "Unfortunately the Borough Council and its executives still appear against the idea of...enabling retail development. I can promise you the Borough Council will not stop us carrying out our plans. They might slow it down, but we will build in the end."
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StumbleuponNews: Ten out of ten for Northampton Saints
Posted by: ComeOnYouSaints.com (IP Logged)
Date: 27/08/2010 08:42
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Re: News: Ten out of ten for Northampton Saints
Posted by: StBleach (IP Logged)
Date: 27/08/2010 10:04
Fighting talk...
"Unfortunately the Borough Council and its executives still appear against the idea of...enabling retail development. I can promise you the Borough Council will not stop us carrying out our plans. They might slow it down, but we will build in the end."
go Keith, go Keith..
"Unfortunately the Borough Council and its executives still appear against the idea of...enabling retail development. I can promise you the Borough Council will not stop us carrying out our plans. They might slow it down, but we will build in the end."
go Keith, go Keith..
Re: News: Ten out of ten for Northampton Saints
Posted by: Ben Johnson (IP Logged)
Date: 27/08/2010 11:02
well done to all for keeping the club in the black.
AKA John Benson
AKA John Benson
Re: News: Ten out of ten for Northampton Saints
Posted by: Saint Tim (IP Logged)
Date: 27/08/2010 11:40
Just read the annual report. Net debt shrinking to the extent that if they are as successful next FY - with no new borrowings - then effectively the club would be net debt free. Now I bet there are a lot of clubs that wish they were in that position.
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”
Benjamin Franklin
Tetleys Block F E143
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”
Benjamin Franklin
Tetleys Block F E143
Re: News: Ten out of ten for Northampton Saints
Posted by: X-Block Dave (IP Logged)
Date: 27/08/2010 11:42
...Borough Council will not stop us carrying out our plans...
Does this mean the PP for the stadium expansion is a formality? ie: the sole stumbling block is the fact it can't be done without the ASDA cash.
IOW ... If I win the Euromillion Lottery this weeekend & put up the cash... can they begin building the new stadium on Monday morning?
Edited 1 time(s). Last edit at 2010:08:27:11:45:29 by X-Block Dave.
Does this mean the PP for the stadium expansion is a formality? ie: the sole stumbling block is the fact it can't be done without the ASDA cash.
IOW ... If I win the Euromillion Lottery this weeekend & put up the cash... can they begin building the new stadium on Monday morning?
Edited 1 time(s). Last edit at 2010:08:27:11:45:29 by X-Block Dave.
Re: News: Ten out of ten for Northampton Saints
Posted by: Clegthorpe (IP Logged)
Date: 27/08/2010 11:51
No planning application has been submitted for the new stand according to the council web site. Presumably informal discussions have taken place to determine that the development is not considered contentious in its own right.
Re: News: Ten out of ten for Northampton Saints
Posted by: DE Jones (IP Logged)
Date: 27/08/2010 12:26
With that kind of profit its difficult to argue that the Saints could not fund the new stand without Asda'a help.
dej
dej
Re: News: Ten out of ten for Northampton Saints
Posted by: smurfomatic (IP Logged)
Date: 27/08/2010 12:33
DEJ - half a million in operating profit is a long way away from several million in costs for building a new stand. You could wave goodbye to financial stability for a decade or more by taking on too much debt.
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Re: News: Ten out of ten for Northampton Saints
Posted by: Lloydie (IP Logged)
Date: 27/08/2010 13:39
For the 1st time ever I find myself agreeing with Eif 
Need to check something i "heard" the other day will see if I am ok to reveal?
Edited 1 time(s). Last edit at 2010:08:27:13:40:28 by Lloydie.
Need to check something i "heard" the other day will see if I am ok to reveal?
Edited 1 time(s). Last edit at 2010:08:27:13:40:28 by Lloydie.
Re: News: Ten out of ten for Northampton Saints
Posted by: SumoSaint (IP Logged)
Date: 27/08/2010 13:39
Quote "Just read the annual report. Net debt shrinking to the extent that if they are as successful next FY - with no new borrowings - then effectively the club would be net debt free."
Sorry Tim, but I think that's wrong. Page 26 of the annual report & accounts clearly states that we have an outstanding bank loan of £1.5M and that a repayment of £300K is due each year for the next 5 years.
Sorry Tim, but I think that's wrong. Page 26 of the annual report & accounts clearly states that we have an outstanding bank loan of £1.5M and that a repayment of £300K is due each year for the next 5 years.
Re: News: Ten out of ten for Northampton Saints
Posted by: Saint Tim (IP Logged)
Date: 27/08/2010 14:31
Correct Sumo - but then I think I am to.
On page 30 - note 22 it analyses net debt ie debt - less cash in hand
It was this I was looking at.
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”
Benjamin Franklin
Tetleys Block F E143
On page 30 - note 22 it analyses net debt ie debt - less cash in hand
It was this I was looking at.
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”
Benjamin Franklin
Tetleys Block F E143
Re: News: Ten out of ten for Northampton Saints
Posted by: Stockers (IP Logged)
Date: 27/08/2010 15:26
I do like a debate on company accounts on a Friday afternoon!!!
Re: News: Ten out of ten for Northampton Saints
Posted by: Connect (IP Logged)
Date: 27/08/2010 15:36
I remember when this was a Rugby site!
Re: News: Ten out of ten for Northampton Saints
Posted by: St.Rich Joe, Niamh and Sam's Dad (IP Logged)
Date: 27/08/2010 15:44
DP 
Come join my Six Nations prediction game on SportGuru! It's free and loads of fun. Just click here:
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Pool name: coysdc
Pool code: tunabane
Come join my Six Nations prediction game on SportGuru! It's free and loads of fun. Just click here:
[www.sportguru.co.uk]
Pool name: coysdc
Pool code: tunabane
Re: News: Ten out of ten for Northampton Saints
Posted by: batty (IP Logged)
Date: 27/08/2010 16:15
What happened to Friday jokes or is this one!
Re: News: Ten out of ten for Northampton Saints
Posted by: desbralass (IP Logged)
Date: 27/08/2010 16:37
X-Block Dave...even with your input of Euro millions...building would maybe have to wait until Tuesday as it's a Bank Holiday.So it wouldn't be ready by the Sunday for our game against Tiggs...
Brolly please!
And yes,well done Saints.
I've Taken the Pledge.
Just call me Nellie.
Brolly please!
And yes,well done Saints.
I've Taken the Pledge.
Just call me Nellie.
Re: News: Ten out of ten for Northampton Saints
Posted by: Stopsy (IP Logged)
Date: 28/08/2010 18:38
You could always play your big games at Welford Rd, even bigger than Stadium:MK...
Re: News: Ten out of ten for Northampton Saints
Posted by: Howlin (IP Logged)
Date: 28/08/2010 23:48
Why do you suggest that Stopsy ? you lot starved of entertaining rugby ?
Saint til I die
Saint til I die
Re: News: Ten out of ten for Northampton Saints
Posted by: ChrisG (IP Logged)
Date: 30/08/2010 13:09
Perhaps they want to see how that new stand stands up to an animated crowd...
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