WWW.RLFANS.COM

Not according to the accounts I downloaded or indeed the club website;

Earnings before interest, tax and depreciation also improved from a loss of £371,211 in 2014 to a profit of £30,715 in 2015.
After those items we again made a large loss although not as large as previous years.
Loss for the financial year £624,279 compared with £1,079,464 in 2014.

Also, this years (2016) finances are not looking too good as McManus says:
"The financial position is undoubtedly more challenging in the 2016 season, deriving largely from a number of months when the rugby results were not as we would hope for and expect. This inevitably had a detrimental effect on crowd numbers and their related revenue streams".

http://www.saintsrlfc.com/news/page/6168

I am not sure what to say except it is disappointing, but not too unexpected.

The club is totally reliant on a loan from Crowther Street Holdings an off shore British Virgin Isles co apparently owned by Mike Coleman of £11.9M.

This loan bears interest and is repayable in full by 31/10/18.
there seems to be not much chance of the club being able to do that id it losing money. More likely Mr. Coleman can convert his loan into shares at any time which would give him the vast majority of the ownership of the club, which he deserves for putting nearly £12M into a perennial loss making company.

If he does that, we will be the best capitalised club in SL with no borrowings and no chance of going bust.

Alternatively if he falls out with the rest of the Director's and shareholders and he wants repayment in 2018 then he could call in his security which is all of the club's assets which means he would effectively own all of the club.

Not according to the accounts I downloaded or indeed the club website;

Earnings before interest, tax and depreciation also improved from a loss of £371,211 in 2014 to a profit of £30,715 in 2015.
After those items we again made a large loss although not as large as previous years.
Loss for the financial year £624,279 compared with £1,079,464 in 2014.

Also, this years (2016) finances are not looking too good as McManus says:
"The financial position is undoubtedly more challenging in the 2016 season, deriving largely from a number of months when the rugby results were not as we would hope for and expect. This inevitably had a detrimental effect on crowd numbers and their related revenue streams".

http://www.saintsrlfc.com/news/page/6168

I am not sure what to say except it is disappointing, but not too unexpected.

The club is totally reliant on a loan from Crowther Street Holdings an off shore British Virgin Isles co apparently owned by Mike Coleman of £11.9M.

This loan bears interest and is repayable in full by 31/10/18.
there seems to be not much chance of the club being able to do that id it losing money. More likely Mr. Coleman can convert his loan into shares at any time which would give him the vast majority of the ownership of the club, which he deserves for putting nearly £12M into a perennial loss making company.

If he does that, we will be the best capitalised club in SL with no borrowings and no chance of going bust.

Alternatively if he falls out with the rest of the Director's and shareholders and he wants repayment in 2018 then he could call in his security which is all of the club's assets which means he would effectively own all of the club.

It is worth noting that in last years accounts the loans to Colemans holding company were due on 31/10/17. It is clear that this is a place holder for when Coleman wants to come back to the UK/ McManus wants to step down and the share conversion will take place

It is worth noting that in last years accounts the loans to Colemans holding company were due on 31/10/17. It is clear that this is a place holder for when Coleman wants to come back to the UK/ McManus wants to step down and the share conversion will take place

Interesting the Press Release issued this morning by St Helens to season ticket holders then online.

https://www.saintsrlfc.com/2019/06/01/s ... -finances/

Sharegoldings enlarged? Shares taken by Crowther Street Holdings for outstanding money owed, but they also agreed in order that Chairman MacManus and his family’s existing shareholding remaining significant

Interesting the Press Release issued this morning by St Helens to season ticket holders then online.

https://www.saintsrlfc.com/2019/06/01/s ... -finances/

Sharegoldings enlarged? Shares taken by Crowther Street Holdings for outstanding money owed, but they also agreed in order that Chairman MacManus and his family’s existing shareholding remaining significant

This to me, seems one of the better success stories of RL in the last 20+ years. I took my daughter to the Play-off game at KR back in 2003 along with about 7,000 other folkand whilst it was nice to see the ground, it wasn't fit for purpose. Fast Forward 16 years and St Helens, through the benevolence of a few have built themselves a new stadium and are debt free with an average gate of close to 12k.
I look at the overall investment required to make this happen and I then wince at the level of Investment David Hughes has wasted at London......RL often suffers from a lack of Joined up thinking, but St Helens are to be applauded for this achievement...

....that said, can we have the 2 points this weekend? We need them more than you do

This to me, seems one of the better success stories of RL in the last 20+ years. I took my daughter to the Play-off game at KR back in 2003 along with about 7,000 other folkand whilst it was nice to see the ground, it wasn't fit for purpose. Fast Forward 16 years and St Helens, through the benevolence of a few have built themselves a new stadium and are debt free with an average gate of close to 12k.
I look at the overall investment required to make this happen and I then wince at the level of Investment David Hughes has wasted at London......RL often suffers from a lack of Joined up thinking, but St Helens are to be applauded for this achievement...

....that said, can we have the 2 points this weekend? We need them more than you do