General Warriors confident of improved financial result

PB_old

Guest
From Stuff. They need to keep following this reserve grade path and by the sounds of it they are.

19 March 2006
By STEVE KILGALLON

The Warriors expect to lose money again this year, but the deficit will be much smaller than the huge losses of the past two years, chief executive Wayne Scurrah says.

Most NRL clubs lose money every year, but the Warriors were a notable exception when they managed to record profits immediately after the Cullen Sports takeover of the club six years ago.

But poor on-field results have contributed to the club bleeding cash in the past two years, with the club calling on shareholders for funds.

Scurrah told the Sunday Star-Times the Warriors have budgeted for another loss this year - but improved sponsorship and cutting away unnecessary expenditure will mean it will be much smaller.

"It's hard to imagine we won't (lose money) but the club has budgeted for that and we will see an improving result over last year, and in future years - as well as accepting we have a $430,000 fine to pay," Scurrah said.

"There has been a major change in the financial performance of the club. In earlier years it was proven the club was financially viable and a key objective is to turn that back around. We are going through the process of reviewing costs over recent years, improving the way we run the club and the overall structure of the place."

Scurrah believes the Warriors need to spend more on player development and welfare, but in other areas the club has been "a bit excessive" and can painlessly trim costs.

The Warriors are also expecting to have more NRL money to spend because a weakening Kiwi dollar will make their annual grant go further. There is one huge drain on their income that the club is ready to welcome, however, with the Warriors actively exploring the possibility of resuscitating their reserve-grade side.

They are the only NRL club operating without a regular second team, with NSW clubs running sides in the premier league and other outlying clubs having feeder clubs in the Queensland Cup.

The Warriors have to farm their players out to individual Bartercard Cup sides, but this year have managed to secure them five friendlies together and want to expand that programme.

Scurrah revealed the NRL are discussing reviving the reserve grade competition it scrapped because of heavy costs in 1998 and, in the interim, the Warriors have talked to the New Zealand and Auckland Rugby League about alternatives.

"It's becoming more and more apparent that a high level of talent to us in that squad and we want a facility where they can step up quicker and senior players returning from injury can have a team to play for that is still linked to the Warriors," Scurrah said.

After a long career in the English Super League, former St Helens and Widnes prop Julian O'Neill has signed for Bartercard Cup champion Mount Albert, while Melbourne Storm grand final winner Matt Rua is making a comeback with the Waitakere Rangers.
 

mosh_old

Guest
Are they planning to rob a bank?
Because to be honest, whatever Ideas they have are long term solutions. The short term solution is to get numbers to games and with the gutless nature of both the coach and players and management, goodluck getting 8,000 at the next home game.
 

Wiki_old

Guest
Mosh said:
Are they planning to rob a bank?
Because to be honest, whatever Ideas they have are long term solutions. The short term solution is to get numbers to games and with the gutless nature of both the coach and players and management, goodluck getting 8,000 at the next home game.

Dooo daa doo daa.

I edited my comment.
 

JonB_old

Guest
I think Mosh is right.
If I was Mr Eric Watson I wouldn't be happy writting paychecks this week.
 

ozbash_old

Guest
"""but improved sponsorship and cutting away unnecessary expenditure will mean it will be much smaller. """

yea, fan days,cheerleaders,pre match entertainment,cheap away ticket prices for season ticket holders,a leagues club, yada yada

"""Scurrah revealed the NRL are discussing reviving the reserve grade competition it scrapped because of heavy costs in 1998 and, in the interim, the Warriors have talked to the New Zealand and Auckland Rugby League about alternatives. """

now that is good news.
 

Similar threads

Replies
2
Views
831
Skinny_Ravs82
Replies
6
Views
844
danco_old
Replies
19
Views
1K
casso_old
edd
Replies
26
Views
2K
Matulino's Left Shoulder
Matulino's Left Shoulder
Replies
20
Views
1K
Warrior_Hot_Stepper_old