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#Post#: 122342--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: RodneyRegis
Date: April 5, 2024, 6:12 pm
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--- Quote from: Quinspirational link ---
>
> [quote author=RodneyRegis link=topic=6522.msg122326#msg122326
date=1712354810]
> Nope. Just increase the north stand to where the village is.
Or the west to the river. Easy extra 5k without affecting any
residents.
>
--- End Quote ---
And without anyone funding it , brilliant plan
[/quote]
LOL. Yes. I know.
My point is, if it were as simple as just expanding and counting
the cash, then we would do it tomorrow.
Obviously it's not that simple.
I don't believe for one second we couldn't expand if we wanted
to. It seems clear to me that we can't, for the reasons above
and more.
#Post#: 122345--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: Quinky
Date: April 5, 2024, 11:47 pm
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Hopefully the André (and maybe Jerry) payments, if anywhere near
stated, will bolster finances for the current year, maybe even
into profit.
My main question is, who or what is "Quine"? 😁
#Post#: 122346--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: raedarius
Date: April 6, 2024, 1:39 am
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That's an easy one. Robert Quine was the guitarist of Richard
Hell and the Voidoids. Everyone knows that...
#Post#: 122347--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: DOK
Date: April 6, 2024, 2:06 am
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Can't say if this is a WUM. However, if its not I wouldn't be
surprised if its their one and only post if that's the reception
they get!
But as to the original question, there have been times we've
nearly broke even, there have been times we've missed by a huge
amount. Its not news you want to hear, but a constantly sold out
Stoop is a sign ticket prices could rise. Increasing the salary
cap is probably going to delay breaking even. As a club we have
one of the largest turnovers in the Premiership, we just need to
get those pesky costs driven down.
So a bit of a ramble there, but breaking even is certainly a
possibility in the future.
#Post#: 122348--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: DOK
Date: April 6, 2024, 2:10 am
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From the Torygraph
Premiership Rugby clubs post losses of almost £25m for 2022-23
season
Saracens posted biggest losses of over £5 million, while
Newcastle Falcons have not yet made their finances for 2022-23
period public
Ben Coles,
RUGBY REPORTER
29 March 2024 • 1:17pm
65
Nine of 10 Gallagher Premiership clubs have posted financial
losses which total almost £25 million for the 2022-23 season.
Newcastle Falcons have yet to publicly post their results for
the last financial year but of the data available, nine clubs
cumulatively made a loss of around £23.5 million.
Saracens posted the biggest loss at £5,295,310, with the club’s
turnover of £23,206,354 falling well short of their £28,559,147
budget.
Bristol Bears, backed by the billionaire Steve Lansdown,
finished with a total loss of £4,554,814. Harlequins posted the
highest turnover, £26,813,85, but had the largest budget at
£30,392,791, resulting in a loss of £3,648.893.
Advertisement
Gloucester produced the best results due to having a budget of
£18,291,675, which was marginally higher than the club’s
turnover of £18,162,660, making an eventual loss of £393,079.
Two other clubs produced losses which were below the half a
million figure, with Sale making a £439,294 loss and Northampton
a £467,836 loss.
Sale notably had the lowest turnover, £11,735,339, but also the
lowest budget of £16,496,292. They were also one of only two
clubs, along with fellow Premiership finalists Saracens, to
produce a positive net financing costs figure of £258,953.
The results also disclose the number of people employed by each
club, with Exeter recording the highest figure of 354 of which
156 were coaches and players. Bristol employed the fewest number
of people (155) and number of players and staff (87).
Advertisement
Exeter’s financial results, with a loss of £3,994,469, included
the hotel built on site at Sandy Park, which made a loss of £2m
over the course of the financial year. The hotel has since been
sold off, with Exeter’s chairman and chief executive, Tony Rowe,
buying an undisclosed stake in the Sandy Park Hotel back in
December 2022 to help pay off the club’s Covid-19 loans.
Exeter said at the time: “The fee paid for the shares by Mr Rowe
not only provides an injection of capital to keep cashflow
going, but will also help service substantial debts accrued by
Exeter Rugby Club due to the impact of the Covid pandemic in
2020. Directors will use “their best endeavours” to retain “at
least” 26 per cent shareholding in the hotel company.”
Premiership Rugby has been contacted for comment.
#Post#: 122349--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: Quinky
Date: April 6, 2024, 2:27 am
---------------------------------------------------------
--- Quote from: raedarius link ---
>
> That's an easy one. Robert Quine was the guitarist of Richard
Hell and the Voidoids. Everyone knows that...
>
--- End Quote ---
Love Comes In Spurts... a fine track...
#Post#: 122357--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: Fairfax
Date: April 6, 2024, 3:53 am
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“Exeter said at the time: “The fee paid for the shares by Mr
Rowe not only provides an injection of capital to keep cashflow
going, but will also help service substantial debts accrued by
Exeter Rugby Club due to the impact of the Covid pandemic in
2020. Directors will use “their best endeavours” to retain “at
least” 26 per cent shareholding in the hotel company.”
Did they really say “best endeavours”?
That means they will spend down to the last penny in the bank,
which either means they are very generous, or will pile up the
debt.
#Post#: 122467--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: deadlyfrom5yardsout
Date: April 8, 2024, 3:05 am
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It is still a matter of keeping an eye on the fluctuations in
property values. Our owners are not fools and if something goes
amiss with what is an appreciating asset currently the stream of
"investment" may well become a trickle.
#Post#: 122476--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: gregory p
Date: April 8, 2024, 7:08 am
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Did the owners/club sell off the land on which the flats behind
the east stand are built to help fund the west stand...or am I
imagining that? There is still a chunk of land there that could
be developed still? That might fund a bigger, permanent north
stand say? That does at least turn the capital into a potential
source of long term revenue.
I can still remember Quins holding training sessions on that
site during half terms for young fans - I nicked all of my
training drills from those sessions when I was blagging my way
through mini-rugby coaching.
#Post#: 122477--------------------------------------------------
Re: Will Quine ever make a profit
DIR By: gregory p
Date: April 8, 2024, 7:09 am
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--- Quote from: Quinky link ---
>
> Love Comes In Spurts... a fine track...
>
--- End Quote ---
That thought has put me off my lunch!
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