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#Post#: 43238--------------------------------------------------
Re: Looking Ominous
DIR By: dr_miles
Date: May 20, 2020, 3:24 am
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There's a report on rugbypass today about losses incurred by
premiership clubs, and that shows that Quins lost £11m over the
last two seasons, and every club except Exeter made losses in
the millions.
The reason that the season hasn't been called off is the tv
money - if BT Sport don't get their rugby then they aren't going
to pay for it. The contract for premiership rugby was signed
back in 2015, and was said to be worth more than the previous
deal which was £152 for 4 seasons, or £38m per season. If we
assume that the the contract is worth £50m per season then each
of the premiership members (and there are 13) gets £3.8m per
season. At the moment there are 9 rounds to go plus the
playoffs, so it's not a big leap to say that up to 50% of the tv
money for the season is yet to be paid out - that would be £1.9m
per club which is therefore at risk if they don't play the rest
of the season. On top of that there is also the tv money for the
European competitions.
The current premiership tv contract runs out at the end of the
2020-21 season, so the league are also under pressure to prove
that the game is viable and worth something to broadcasters,
otherwise there won't be a deal, or the value of it will be
massively reduced.
#Post#: 43240--------------------------------------------------
Re: Looking Ominous
DIR By: deadlyfrom5yardsout
Date: May 20, 2020, 3:38 am
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£11m or £12.9m loss.....doesn't seem terminal from that
perspective.
#Post#: 43242--------------------------------------------------
Re: Looking Ominous
DIR By: East Sussex Chris
Date: May 20, 2020, 4:12 am
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You need to remember that's Quins Premiership Rugby that's
losing that money not the whole organization, However, in theses
times the other off shoot companies are probably losing money
now, so things can't be great for us and all the other clubs.
#Post#: 43244--------------------------------------------------
Re: Looking Ominous
DIR By: dr_miles
Date: May 20, 2020, 4:17 am
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--- Quote from: deadlyfrom5yardsout link ---
>
> £11m or £12.9m loss.....doesn't seem terminal from that
perspective.
>
--- End Quote ---
As I wrote, £11m was over two seasons.
The losses of 2018/19 were £5m, so add on £2m of tv money plus
all ticket revenue (and potential refunds), bar sales, use of
ground for other purposes (e.g. hockey, international hosting) -
that could easily increase the losses for this season to £10m.
It may be offset by CVC money, but that also reduces future
income.
And next season? If there's no rugby and can be no events then
your income is £0, and your losses will be even greater.
#Post#: 43248--------------------------------------------------
Re: Looking Ominous
DIR By: dr_miles
Date: May 20, 2020, 5:48 am
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More fears about club finances -
HTML https://www.theguardian.com/sport/2020/may/20/fear-among-premiership-players-that-some-clubs-could-go-bust-by-christmas?CMP=Share_iOSApp_Other
#Post#: 43249--------------------------------------------------
Re: Looking Ominous
DIR By: deadlyfrom5yardsout
Date: May 20, 2020, 5:54 am
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If there is behind closed doors Rugby then mayhaps you can make
a Subscription Streaming Service work I suppose......Would mean
we are not hamstrung and beholden to TV companies. They only
show our Home games anyway!
Not sure how I feel about the demise of Harlequins FC Ltd to be
honest. In fact it may signal a return to a more Amateur game
which may or may not be a good thing. If the Stoop becomes a
housing estate then I'm quite sure the Harlequins name will
survive and live on.
#Post#: 43250--------------------------------------------------
Re: Looking Ominous
DIR By: dr_miles
Date: May 20, 2020, 5:56 am
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If the club folds then presumably all player contracts are
voided and they can sign for any other club - if they are still
going.
#Post#: 43251--------------------------------------------------
Re: Looking Ominous
DIR By: deadlyfrom5yardsout
Date: May 20, 2020, 6:01 am
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Yes then there will Harlequins FC (2020) Ltd....
#Post#: 43254--------------------------------------------------
Re: Looking Ominous
DIR By: baggie
Date: May 20, 2020, 10:17 am
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What about those of us who have had the virus and recovered ? If
you get it the survival rate is over 98%
I am aged 66 with no underlying health issues ... I recently
tested “negative” for the virus but the test also revealed that
I have the antibodies in my system which confirm I have had the
virus and this will stop me getting it again
There must be millions like me who have had the virus and
recovered without medical intervention ... we fall outside any
statistics and therefore do not influence government policy
As far as I am concerned if Quins were playing on Saturday I
could attend without fear of catching the virus or transmitting
it ... unless I am missing something !
#Post#: 43256--------------------------------------------------
Re: Looking Ominous
DIR By: honkytonk
Date: May 20, 2020, 10:29 am
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I agree with baggie in terms of the amount of people that must
have had the virus and not realised at the time. Look at the
pictures of the beaches today, If people were allowed back to
watch sport, I think there would be some surprise about how many
would go.
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