There aren't many clubs with a sustainable financial model, but Tigers are one of them. And they could do with a good 8.
Even if it's Leicester. This isn't a windfall - it's selling future profits. It needs to be invested so we're not screwed if CVC don't actually increase the overall pie.
And you say sustainable financial model, but we still lost money last year, which is terrible considering the base we have. Thankfully, it looks like our share of the CVC money is already earmarked for the hotel/car park development which should prove a good earner.
Puja
I thought the losses were on the hotel/car park development.
Much like Quins losses were mainly down to a restructuring.
But, then again, I've been out of the country for long enough now. When I left, Quins were in a very healthy state. Now I'm not so sure.
Looking into it, the loss last year was due to the development, which makes me feel better. Even so, this money should absolutely be used as an investment - having Read for a few seasons topping up his pension would be nice as a one-off, but having a strong financial base from which to go out and get future Reads on a regular basis would be much, much better.
Puja wrote:
Even if it's Leicester. This isn't a windfall - it's selling future profits. It needs to be invested so we're not screwed if CVC don't actually increase the overall pie.
And you say sustainable financial model, but we still lost money last year, which is terrible considering the base we have. Thankfully, it looks like our share of the CVC money is already earmarked for the hotel/car park development which should prove a good earner.
Puja
I thought the losses were on the hotel/car park development.
Much like Quins losses were mainly down to a restructuring.
But, then again, I've been out of the country for long enough now. When I left, Quins were in a very healthy state. Now I'm not so sure.
Looking into it, the loss last year was due to the development, which makes me feel better. Even so, this money should absolutely be used as an investment - having Read for a few seasons topping up his pension would be nice as a one-off, but having a strong financial base from which to go out and get future Reads on a regular basis would be much, much better.
Puja
I just meant: would it be actually coming out of that £20m? I don't think it necessarily would, especially with the development work scheduled to be finished and the extra cash that would bring in.
I know Quins really want to make the Stoop more of a stadium rather than a ground, which should bring in extra revenue, but it will always be in the shadow of the Big Stoop. Good for smaller events but anything larger will want to hop over the 316.
Stom wrote:But, then again, I've been out of the country for long enough now. When I left, Quins were in a very healthy state. Now I'm not so sure.
Most clubs were doing... fine a couple of years ago; mostly losing money, but not huge amounts.
Then the salary cap increased by £2.5M; and suddenly everyone was making losses of £2-3M.
Stom wrote:But, then again, I've been out of the country for long enough now. When I left, Quins were in a very healthy state. Now I'm not so sure.
Most clubs were doing... fine a couple of years ago; mostly losing money, but not huge amounts.
Then the salary cap increased by £2.5M; and suddenly everyone was making losses of £2-3M.
I wonder what could possibly have caused it?
Done to protect those clubs breaching the cap, including Bath
And the problems come with trying to enforce a cap if it's based on anything other than a gentleman's agreement. Btw that phrase seems rather misogynistic these days, but I'll probably find a new phrase before they figure out how to legally enforce a cap
