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#Post#: 4341--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: deadlyfrom5yardsout
Date: August 29, 2018, 2:47 am
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I know! Lets double the price of Season Tickets and have a
Loyalty Wall to recognise those who have selflessly helped the
Club!
#Post#: 4346--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: Blucherquin
Date: August 29, 2018, 3:16 am
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--- Quote from: DOK link ---
>
> So is now the right time to be talking about building a new
stadium? I don't understand finance, so maybe we need the new
stadium to make a profit or can we make a profit without?
>
--- End Quote ---
Looking at Exeter and progress being made by Sarries, having a
stadium that can be used for lots of other things when there's
no rugby is the way forwards. As the report said, Chiefs stadium
is the difference between them making a profit or not.
They've tarted the Stoop up a bit, but the hospitality
facilities aren't a patch on Sarries -- fill it full of
conferences etc and it would help..
But our existence is entirely down to one massive debt -- so we
are utterly reliant on their goodwill, which is terrifying.
#Post#: 4348--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: Fursty
Date: August 29, 2018, 3:25 am
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I’d take the operating loss with a pinch of salt - given that we
have the 2nd highest turnover in the league there’s no reason it
should be so high compared to other clubs (who all have broadly
similar cost bases) - what we don’t know is how much is charged
to other group companies for ground rent, admin charges,
financing charges etc.
In fact I’d take the fact we have the 2nd highest turnover
(despite being in 2nd tier euro cup for the period covered) as
extremely positive.
#Post#: 4349--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: RodneyRegis
Date: August 29, 2018, 3:29 am
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Turnover = vanity etc
#Post#: 4350--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: deadlyfrom5yardsout
Date: August 29, 2018, 3:30 am
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BQ, don't be scared my young friend. It is, has been and always
will be a Property Development project. A piece of prime West
London real estate near Airport, Train and Motorway links. The
return from this development will be a tadge over the £37
million to which we are indebted. Also, the only way they will
get Planning is to have included a High Community Use Stadium
and there is no point in building that unless you have a team
using it.
Our problems may come further down the line if our hoped for
increases in STH's does not materialise when any future owners
of the new Stadium might decide that getting a footy team in
with 30,000 crowds is a better proposition.
#Post#: 4355--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: Fursty
Date: August 29, 2018, 3:37 am
---------------------------------------------------------
--- Quote from: RodneyRegis link ---
>
> Turnover = vanity etc
>
--- End Quote ---
Very much depends what sort of business you’re in, I wouldn’t
repeat everything you hear the dragons den as gospel.
#Post#: 4360--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: Blucherquin
Date: August 29, 2018, 4:02 am
---------------------------------------------------------
--- Quote from: Fursty link ---
>
> I’d take the operating loss with a pinch of salt - given that
we have the 2nd highest turnover in the league there’s no reason
it should be so high compared to other clubs (who all have
broadly similar cost bases) - what we don’t know is how much is
charged to other group companies for ground rent, admin charges,
financing charges etc.
>
> In fact I’d take the fact we have the 2nd highest turnover
(despite being in 2nd tier euro cup for the period covered) as
extremely positive.
>
--- End Quote ---
Don't care about the operating loss, I just wish we weren't one
of the clubs whose existence is entirely linked to the goodwill
of one secretive lender.
#Post#: 4362--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: RodneyRegis
Date: August 29, 2018, 4:30 am
---------------------------------------------------------
--- Quote from: Fursty link ---
>
> [quote author=RodneyRegis link=topic=301.msg4349#msg4349
date=1535531384]
> Turnover = vanity etc
>
--- End Quote ---
Very much depends what sort of business you’re in, I wouldn’t
repeat everything you hear the dragons den as gospel.
[/quote]
Yes, dragons den blazed a trail in suggesting that profit is
important.
Unless you are looking for a quick sale, it is pretty much
gospel.
Oh...
#Post#: 4370--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: A222Quin
Date: August 29, 2018, 5:25 am
---------------------------------------------------------
--- Quote from: iquin link ---
>
> A few more Harlequins figures -
>
>
- 2016/17 combined playing cost of senior and academy squads
£8.5m (2015/16 £7.0m) the maximum permissible under salary cap
framework
>
- 2016/17 average number of employees 286 of which 143 full
time/contract and 143 part time (2015/16 260, 143 and 117
respectively)
>
- 2016/17 total operating costs £26.6m (2015/16 £22.8m) of which
£12.6m (£11.5m) staff and hence £14.0m (£11.3m) 'other'
>
- 2016/17 interest payable £1.0m (2015/16 £0.2m)
>
>
--- End Quote ---
I'd be interested to know what comes under the 'other' category.
Seems very large.
#Post#: 4373--------------------------------------------------
Re: Premiership Finances - Quins losses - Guardian special
report
DIR By: Fursty
Date: August 29, 2018, 6:02 am
---------------------------------------------------------
--- Quote from: RodneyRegis link ---
>
> [quote author=Fursty link=topic=301.msg4355#msg4355
date=1535531822]
> [quote author=RodneyRegis link=topic=301.msg4349#msg4349
date=1535531384]
> Turnover = vanity etc
>
--- End Quote ---
Very much depends what sort of business you’re in, I wouldn’t
repeat everything you hear the dragons den as gospel.
[/quote]
Yes, dragons den blazed a trail in suggesting that profit is
important.
Unless you are looking for a quick sale, it is pretty much
gospel.
Oh...
[/quote]
Maybe if you’re selling widgets
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