£30,000 loss in 2009 : Thu Apr 14, 2011 11:25 am  

http://www.thestar.co.uk/sport/rugby-le ... _1_3280460 From all things considered this doesn't look too bad. The loss for 2009 was £29,913 down from £38,696 loss in 2008. Our turnover went up to £603,648 from £445,806. Player wages and other staff costs made up the majority of the club’s spending at £439,838, an increase of £97,013. - Will this be on players or more community work?

http://www.thestar.co.uk/sport/rugby-le ... _1_3280460 From all things considered this doesn't look too bad. The loss for 2009 was £29,913 down from £38,696 loss in 2008. Our turnover went up to £603,648 from £445,806. Player wages and other staff costs made up the majority of the club’s spending at £439,838, an increase of £97,013. - Will this be on players or more community work?

Re: £30,000 loss in 2009 : Thu Apr 14, 2011 12:03 pm  

Losing £68000 in two years isn't bad ?

Depends who's financing it, I suppose. We appear to have had (at 30 September 2009) assets of around £70000 and liabilities of £140000, so if the creditors all want their money at the same time, we're struggling.

Maybe we should be asking Halifax if we can borrow their begging bowls.

Re: £30,000 loss in 2009 : Thu Apr 14, 2011 12:38 pm  

Well I didn't think of it like that haha but turnover going up by over £150,000 and losses going down in a year by nearly £10,000 is a good thing.

Does anyone know what profits/turnover at over clubs in the league are like?

Re: £30,000 loss in 2009 : Thu Apr 14, 2011 1:10 pm  

Fev lost £80000+ in the year to December 2009. But they own their own ground and they're not insolvent like us.

Not sure for how long, though, at that rate.

We might be losing money more slowly, but the debts are still rising.

Re: £30,000 loss in 2009 : Thu Apr 14, 2011 7:18 pm  

To the people in the street this may not look bad,The thing is we have no sugar Daddy,But is that a good thing long term,What happens if the sugar Daddy has enough,(John Wright Doncaster) and theres no other investors involved,The Eagles i believe have shareholders and there is no owner of the club which is good but on the other hand money has to be spent right,The ideal scenario is multi investors with small but contributually amounts and maybe someone who can put the extra in,thats an ideal world,30,000 a year loss for a one-off year doesnt look bad in the sporting arena but continued over 5-10 years it will escalate and become unmaginable,You can only carryon losing money for so long before cutbacks occur and we no what that means,We need more paying cutomers,The positive is where not far off making a profit with a good side and good facilities,£150.00 a season ticket (Rough guess)It would take another 200 sold (not massive amount) and that would be the 30,000 money that is lost,Shows the difference between being up and down,Fine margins but they need to be addressed,Just think if we got 400 extra season ticket holders

Re: £30,000 loss in 2009 : Thu Apr 14, 2011 7:34 pm  

Absolutely EB2.

The way forward is more people through the gate = more revenue = more attractive to sponsors = more merchandise sales = more attractive to Sheffield United as landlords.

After complaining about DVS for 20 years we should have made a bigger push on support when we moved to Bramall Lane last year.