Cardiff Blues
CRFC Ltd. Loses £2.3 Million for 10/11
CRFC lose £2.3m
By Andrew Collins
June 8 2012
Cardiff Rugby Football Club Ltd. have published their long-awaited accounts for the year ending 31-5-11. As expected, they don't make for pretty reading.
The main need-to-know figures are a follows:
Turnover down by £1.3 million.
Operating loss of £2.3 million.
While expected, these figures are a worry for the business and in particular, those running the financial side of things.
These numbers obviously played a massive part in the club's decision to return home to Cardiff Arms Park.
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Discussion started by theArmsPark.co.uk , 08/06/2012 16:49
theArmsPark.co.uk
08/06/2012 16:49
08/06/2012 16:49
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How do they reconcile the following comments to these accounts?
20 January 2011;
“...There’s no way we could compete in the modern era with the facilities available to us there.
“Our move to the new stadium was our saving grace.
“Our crowd numbers are up 30 per cent since we left the Arms Park, our turnover is up. Everything is going in the right direction.”
Read More [www.walesonline.co.uk]
Financial director Alan Doull...“There are no financial difficulties at the club.”
[www.walesonline.co.uk]
20 January 2011;
“...There’s no way we could compete in the modern era with the facilities available to us there.
“Our move to the new stadium was our saving grace.
“Our crowd numbers are up 30 per cent since we left the Arms Park, our turnover is up. Everything is going in the right direction.”
Read More [www.walesonline.co.uk]
Financial director Alan Doull...“There are no financial difficulties at the club.”
[www.walesonline.co.uk]
Quote:ATTR
How do they reconcile the following comments to these accounts?
20 January 2011;
“...There’s no way we could compete in the modern era with the facilities available to us there.
“Our move to the new stadium was our saving grace.
“Our crowd numbers are up 30 per cent since we left the Arms Park, our turnover is up. Everything is going in the right direction.”
Read More [www.walesonline.co.uk]
Financial director Alan Doull...“There are no financial difficulties at the club.”
[www.walesonline.co.uk]
I think I can possibly explain these discrepancies:
They might have been talking @#$%&.
The truth, you can't handle the truth!
2011/12 accounts will be even worse.
2011/12 accounts will be even worse.
