Snap!



I had the misfortune to work in Warrington for a number of years and when I say they could run our red & white cousins close on the "does not compute" stakes, it really is no understatement.



Mind you, remind me where Mr Umbrella Man's company is HQ'd

Silly me, he said AGAIN, Warringtons debt comes from a loan taken out around 4-5 years ago in which time we have spent over half a millon in transfer fees to get the squad to where it is now. With no big transfer fees payed out for next season i expect Warrington to turn out large profits in the future.

The salary cap, overseas quota and the RFL as whole is a bit of a joke in imo and the fact Warrington can sign Monaghan, payoff Hicks and still be under the cap whilst having probably the most high profile squad already backs up what I already thought.

Warrington Sports Holdings has a net debt of £1,908,693 as at 30 November 2009 (which was over £500k down from the prvious year). The bul of this debt is outstanding bank loan used to finance the fit out of the Halliwell Jones Stadium. A minimal amount of this debt is in the form of director's loans which suggests that the club is not dependant upon the wealth of their backer to survive.



At the same time Warrington Sports Hoildings had assets of £13,022,448.



The value of the Warrington Sports Holding Group (which includes the Warrington Rugby Club) is £9,249,517. That is the highewst value for any club in Super League bar none.



All the above is available from companies house at the cost of £1 and indicate that Warrington is at present the most financially viable club and valuable in Super League.

Leeds have net assets of £15.1m, turned in an operating profit of £721k and a profit before tax of £4.2m in 2009. They have accumulated net profits of £12.7m.

Always good to see that every club has their idiots, who enjoy speculating sheer piffle on what individual players are earning or not earning.



Saying that, if Carvell was earning that amount at Hull, and I very much doubt it, it probably explains why you under-acheive so much....I can promise you he won't be on anything like that at Wire, and so he shouldn't be, because he's pretty average.



I am curious though....Many of you seem to be pretty certain on what Warrington players earn....If you are so certain, can you please list the Wire squad and each individual salary, so we can all see how we are busting the cap??

So that puts Warrington behind Leeds. What are Hull's net assets? What is the value of director's loans at Hull?

Well managed??.....Throwing daft money at injury riddled, past it scrum halves isn't exactly the best way to spend all your profits....





If we are all having a go at speculating on player's salaries, then I'm venturing that Sean Long will be on very close to what the highest earner is on at Wire.....And if you care to disagree, I'd suggest that even Long isn't daft enough to move to Humberside for anything less.

So you admit that your rather bullish statement that Warrington is the most robust financial entity in the league was wrong, then?



We don't own our stadium, we pay a rent, so don't have any fixed assets - it's not the same business model. We have made profits for the last 5 (might be 6) years and according to our CEO don't owe the directors anything, the loans have been repaid off the back of the aforementioned profitable trading. Warrington Wolves rugby league-playing activities' financials are included in the accounts of The Warrington Football Club Limited, of course. You know, the ones that have the note to the accounts that says a going concern basis is appropriate because of the support of the group company, and has net liabilities of £2.8m.

What is Hull's actual company name? I wouldn't mind a quick look at the accounts but Hull Football Club Limited was dissolved in 1995.

Hull Super League Limited. Have a look at 2003 and compare to 2009. Steady and self-funded progress.

He's either very dumb not putting 2 and 2 together with Hull SuperLeague LTD being close on the list or he was just having a dig.