Re: Saints (h) : Wed Sep 11, 2024 6:46 am  

Zig wrote:

I know McManus has said there are going to have to be cutbacks at Saints, where do you see these falling?

Petrol for the appeals car.

Re: Saints (h) : Wed Sep 11, 2024 7:13 am  

apollosghost wrote:

Probably wishful thinking on my part but hopefully there's a local highly successful billionaire businessman out there who can cover any losses until we grow the business into profitability

Whereas Saints are owned by a consortium of boy scouts

Honestly, in a week where Wigan, Leeds and Saints have all reported losses, with ours being the smallest of these losses may I add, an attempt at point scoring from Wigan fans towards Saints is truly truly bizarre.

For a group of fans who boast about being "never ignored," you talk about Saints an awful lot.

Re: Saints (h) : Wed Sep 11, 2024 7:17 am  

The Yellow Giraffe wrote:

https://www.seriousaboutrl.com/wigan-warriors-post-increased-losses-after-takeover-amid-positive-projection-96426/amp/

Dark days ahead for Wigan.

I think the key point to be taken here are in the notes and projections, Wigan's are all positive and expecting an improvement whereas Saints ones seem to be negative and expecting things to get worse.

Let's be honest though, neither club is really on it's booty and we will both be top level clubs for a long time yet.

Re: Saints (h) : Wed Sep 11, 2024 7:35 am  

We've been through this before. Saints and Leeds suffered more than anyone through Covid for the simple fact that they were unable to use their stadiums for non matchday activities

We now have the deal with Liverpool which will help each year in terms of income all year round. We've already seen the state of the art pitch that they paid for. I'm pretty sure that at some point we will go back to holding concerts again to generate more income

McManus has categorically said that losses won't affect player investment and we will continue to spend full cap.

Wigan are in a very fortunate position with Danson but hardly self-sufficient. Similar to City in that regard, if he for any reason pulled out they would be as royally f****d as Saints and Leeds

Re: Saints (h) : Wed Sep 11, 2024 8:02 am  

I take no delight in seeing large losses for any RL club, I'm reading that the COVID loans make up a significant portion of these losses which are hopefully only temporary.

We've always suffered with a lower turnover compared to others due to loss of matchday revenue due to funds going to external organisations rather than our club.

It is comforting to read that turnover is expected to increase from £6.5m to £7.5m (although how much of that is cup winning success revenue and how much is fanzone & retail is unclear yet,).

Re: Saints (h) : Wed Sep 11, 2024 8:03 am  

Add Warrington to the list. A loss of 1.7m for them.

Re: Saints (h) : Wed Sep 11, 2024 8:51 am  

NickyKiss wrote:

Petrol for the appeals car.

Can’t strip that back, it’s been a great investment!

Re: Saints (h) : Wed Sep 11, 2024 9:35 am  

Stu M wrote:

We've been through this before. Saints and Leeds suffered more than anyone through Covid for the simple fact that they were unable to use their stadiums for non matchday activities

We now have the deal with Liverpool which will help each year in terms of income all year round. We've already seen the state of the art pitch that they paid for. I'm pretty sure that at some point we will go back to holding concerts again to generate more income

McManus has categorically said that losses won't affect player investment and we will continue to spend full cap.

Wigan are in a very fortunate position with Danson but hardly self-sufficient. Similar to City in that regard, if he for any reason pulled out they would be as royally f****d as Saints and Leeds

I read that McManus said that the club would continue to fully utilise the salary cap that doesn’t mean the same as continue to invest fully in the playing squad. I am not saying he won’t though but I am interested where people think he is going to save £1m plus given that there has been no reference to increasing revenue. I know that Saints have already reduced their administrative team and, if the physiotherapists can do a better job, or the players get injured less often, they may save on surgical supplies, but I cannot see where the cuts will land to generate such savings. Further spending will be required on the ground, especially as the infrastructure ages. It all paints a difficult picture for our sport. By the way, Wigan are not exempt from any of this but plans are already in place to make cuts and increase revenue. The other advantage is that Mike Danson also has assets he can dispose of e.g. Orrell.

Re: Saints (h) : Wed Sep 11, 2024 9:37 am  

The Yellow Giraffe wrote:

Add Warrington to the list. A loss of 1.7m for them.

What did McManus have to say on BBC Radio? Have you any idea where the cuts will fall?

Re: Saints (h) : Wed Sep 11, 2024 9:39 am  

The Reaper wrote:

Can’t strip that back, it’s been a great investment!

They were going to go electric but were banned by the National Grid for fears it would lead to power outages around the rest of the country