Saints loss for 2009.



Do you think it'll be similar for 2010?

Yes, and probably more for 2011.



Anyone with a little sense about what goes on at Saints know that this is going to the case until a couple of years into the new stadium.



We spend a small fortune on the costs of KR, make no money from the concession stands, and have very little provisions for attracting sponsors.



Mr Big's plan has always been to get us into the new ground and stop us relying upon his money to stay alive.



Not overly concerned now, but if these continue five years down the line, I will be.

Operating loss or net loss? I would assume we have a fair few exceptionals this year given the stadium work.



Just goes to show how desperately we need to move out of KR.

Nice little tax right off for mr Mac there !

It will be worse rogue. We must have taken on a fair few staff at the club to promote the new gaff, get the new gaff filled with corporate money etc etc... plenty of wages added to our out goings. PLus the suualy 100 tonne of cement required to prop up the auld girl ! And the 100000 litres of weed killer we need to buy.



Was hopeing we would make the CC Final this year just to help out the coffers , Wembley is always a nice helping had when it comes to the financials.



The revenue for the new gaff is goign well it seems, plenty season tickets being snapped up, most seem to be the 5 year option also. I have spent a fortune this year on goodies from the shop, and ST's, and that 1873 members club, and all the heritage bumf you can buy ...sheesh I wont count up what I spent to be honest, but I think its enough to wipe out the £861,810 debts

Bearing in mind he funds the losses, I'm sure he'd rather just pay the tax on a whopping profit!

Appreciate there will be big losses for at least 24-36 months but thankfully we've always had the asset with KR and we are lucky we do have a wealthy board in general to keep the club viable through directors loans, its no wonder we've not been spending on recruitment and just why they have pushed so hard to get the new stadium through and built.



It secures the clubs long term viablilty but we need the fans to back up the work done by turning up and coming back to ensure we even come close to long term profit.

This remember is for last season.



Its an applaing set of accounts



turnover down to just £4.8 million as well from £5 million



Wire by the way made a few thousand profit on turnover of £5.6 million while Leeds made nearly £3 million profit on turnover of £10.5 million

Hull also just about broke even on £5 million turnover.



Saints are clearly falling behind financially, and the new stadium cant come soon enough.

That's the OP ruled out then.

i meant he can use that to offset any profit his other business dealings make him, but yeah i'm sure he would rather be paying tax !

As a shareholder in the banking sector does this mean I cannot offset recent loses from those companies against my tax bill?



I don't think it works like that. I'd imagine that St Helens can off-set tax on future profits against loses previously incurred.

the losses will be recorded against the company, not Eamonn, unles he convert more losses to shares/debentures.



I would assume that the board as a whole are under pinning the losses against the sale of KR and loans structured to be paid back once the company is back in profit (ahem)