The Other Side(s) - Rival Team News |
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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Ospreys made an operating loss of £660k in the last financial year, £416k more than the previous accounting period.
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Jones2004
Veteran Joined: 29 September 2019 Location: North Wales Status: Offline Points: 1439 |
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Not great with this type of thing so if someone can explain it to me it would be greatly appreciated. What exactly is an operating loss? Is it simply the difference between how much money the club takes in and how much it spends because if it is the loss seems comparatively small considering there’s been no crowds all year? Also how does the WRU negotiated Nat West (?) loan fit into this? Does it count as club income or as part of the operating loss? Sorry if some of these questions seem stupid but as I said I’m not great with these types of things and I’d like to understand just how bad the picture is in terms of the regions’ finances.
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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It’s basically their position at the end of that financial year after all operating costs have been taken off their gross profit. The thing to note here is that the accounts were made up to the 30th June 2020, so whilst it took into account a bit of the pandemic it won’t have included the impact of the 2020/21 season.
In answer to your question re income from the loan, this wouldn’t show on the profit & loss account as income, but the interest on repayments would show as a cost & would be on the profit & loss as an expense.
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Jones2004
Veteran Joined: 29 September 2019 Location: North Wales Status: Offline Points: 1439 |
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Thanks for those answers. I did think that the loss was a bit small but the fact that it was only up to last June and therefore didn’t include this season does seem to explain it.
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Offline Points: 50981 |
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The benchmark rugby entity for a good governance in recent years has been Exeter. One of the very few clubs to turn in consistent profits.
In the last fiscal year they made a loss of 2.6m fueled by a drop in turnover of 4.6m ... this is really all Covid impact. In context the O's result is not bad. |
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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I think the difference is that Exeter’s accounts are running to the same period as the Ospreys, but there’s doesn’t include the prize money for winning the Premiership or Champions Cup. The true extent of this season in financial terms will only be known this time next year.
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ladram
Rambler Joined: 08 April 2005 Location: United Kingdom Status: Offline Points: 26826 |
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Offline Points: 18784 |
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Exeter certainly are a success story both playing wise & financially. Of course helped by Mr Rowe's generosity but they have set their store out as a sporting & hospitality business.
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RR1972
Veteran Joined: 27 April 2009 Status: Offline Points: 18270 |
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Leinster signing the canterbury tight head is another excellent addition to their squad. Still the team to beAt in the pro 14
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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Not a bad 3 TH props to have in their squad, arguably 2 potential lions in Porter & Furlong & a Samoan international.
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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Not really rival team news but in what will surely help the pacific island teams in the future, 2 Pacific Island sides have been granted conditional licenses to enter a planned Super Rugby tournament in 2022 with sides from New Zealand & Austrailia.
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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Simon Zebo is set to re-join Munster.
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Eastern outpost
Rambler Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 21936 |
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In a world where you can be anything – Be Kind.
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Offline Points: 50981 |
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He needed to 10 consecutive seasons in Ireland to meet the tax rebate ( which he did pre leaving I believe).
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Eastern outpost
Rambler Joined: 13 March 2012 Location: South Suffolk Status: Offline Points: 21936 |
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In a world where you can be anything – Be Kind.
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Fscarlet
Moderator Group Joined: 26 January 2015 Status: Offline Points: 8871 |
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1 year deal mind...
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