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Are Ealing a sustainable club?
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Paul10 View Drop Down
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Points: 795 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Paul10 Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2025 at 16:19
Good on 'em.

And long may it last.
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The Blues View Drop Down
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I like how some Ealing supporters get upset with a Blues supporter taking interest in the biggest and best rugby organisation around and highlighting how much Mike Gooley contributes on an annual basis into rugby. 

I think it is interesting for all Championship supporters seeing what their club is up against when facing Ealing. A lot of money and resources, bordering on Premiership level, so if your team gets close to, let alone winning on the pitch your team has done incredibly well. 

As I said Coventry’s turnover is around £2.5m in 2023 (probably higher with bigger crowds) and Bedford Blues is similar I believe. Doncaster Knights have a turnover of £3.8m (2023) of which £2m comes from S Lloyd (mostly) and D Mulder. The way Knights are setup you get to see a lot of detail.

The Stadium is owned by The Mike Gooley Trailfinders Charity, so it is unlikely to have the stadium costs in there.
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No 7 View Drop Down
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Points: 1893 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 10:45
Originally posted by The Blues The Blues wrote:

I like how some Ealing supporters get upset with a Blues supporter taking interest in the biggest and best rugby organisation around and highlighting how much Mike Gooley contributes on an annual basis into rugby. 

I think it is interesting for all Championship supporters seeing what their club is up against when facing Ealing. A lot of money and resources, bordering on Premiership level, so if your team gets close to, let alone winning on the pitch your team has done incredibly well. 

As I said Coventry’s turnover is around £2.5m in 2023 (probably higher with bigger crowds) and Bedford Blues is similar I believe. Doncaster Knights have a turnover of £3.8m (2023) of which £2m comes from S Lloyd (mostly) and D Mulder. The way Knights are setup you get to see a lot of detail.

The Stadium is owned by The Mike Gooley Trailfinders Charity, so it is unlikely to have the stadium costs in there.

Mike Gooley waits tentatively for the annual financial report from the aptly named 'The Blues ' before he buys his wife a Chritmas present . I am not sure she got any Christmas present December 24 after it was stated that Trailfinders were severley strapped for cash and declared insolvent. LOL
Ambition should be made of sterner stuff.
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Originally posted by The Blues The Blues wrote:

I like how some Ealing supporters get upset with a Blues supporter taking interest in the biggest and best rugby organisation around and highlighting how much Mike Gooley contributes on an annual basis into rugby. 

I think it is interesting for all Championship supporters seeing what their club is up against when facing Ealing. A lot of money and resources, bordering on Premiership level, so if your team gets close to, let alone winning on the pitch your team has done incredibly well. 

As I said Coventry’s turnover is around £2.5m in 2023 (probably higher with bigger crowds) and Bedford Blues is similar I believe. Doncaster Knights have a turnover of £3.8m (2023) of which £2m comes from S Lloyd (mostly) and D Mulder. The way Knights are setup you get to see a lot of detail.

The Stadium is owned by The Mike Gooley Trailfinders Charity, so it is unlikely to have the stadium costs in there.

As an outsider I suspect what upsets some Ealing supporters is when another outsider's interest is in declaring their club insolvent!

Are you party to the financial capabilities and plans of the directors?
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The Blues View Drop Down
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Points: 4995 		Post Options Post Options   Thanks (0) Thanks(0)   Quote The Blues Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 12:44
I have just said what was detailed in the accounts signed by the Directors and Auditor. I don’t understand why there is so much nervousness when Ealing is mentioned. Blues are negative £250k, Pirates looks like it is a big number at £7.4m in 2023. It all shows the amount of money some people put in and are happy to lose for our entertainment!

I have not declared their club insolvent. It’s all in the accounts so only commenting on what is filed. As liabilities are greater than assets by approx £26k (not much really when considering their turnover) at the balance sheet date, a going concern note was made.

The directors have made a statement that the shareholders are committed to provide on going support to allow the company to meet its liabilities as they fall due for a period of no less than 12 months from the date the accounts were signed.

Edited by The Blues - 04 Jan 2025 at 12:45
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Camquin View Drop Down
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Points: 11576 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 16:06
The same statement is probably made on every Premiership club accounts.

Bristol lost £5.5m last season. 
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The Blues View Drop Down
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Originally posted by Camquin Camquin wrote:

The same statement is probably made on every Premiership club accounts.

Bristol lost £5.5m last season. 


I know which is also what I said, as probably most clubs in the top 2 divisions are technically insolvent. Bath I think I saw are £14m on their 2023 accounts.
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Paul10 View Drop Down
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Points: 795 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Paul10 Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 18:18
Originally posted by Camquin Camquin wrote:

The same statement is probably made on every Premiership club accounts.

Bristol lost £5.5m last season. 



Same in every sport.

Red Bull F1 owed £125M to Red Bull drinks company at end Dec 23
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fatbear View Drop Down
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Points: 2947 		Post Options Post Options   Thanks (0) Thanks(0)   Quote fatbear Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 19:43
The last accounts for Chinnor, to 29 April 2003, show net assets of £317K. The latest accounts are due to be filed in May
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Camquin View Drop Down
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Points: 11576 		Post Options Post Options   Thanks (1) Thanks(1)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 20:17
Yes but we don't count.
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Points: 1893 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 04 Jan 2025 at 23:27
No team counts in the Championship
Ambition should be made of sterner stuff.
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JZSmith View Drop Down
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Points: 95 		Post Options Post Options   Thanks (0) Thanks(0)   Quote JZSmith Quote  Post ReplyReply Direct Link To This Post Posted: 21 hours 49 minutes ago at 11:34
Originally posted by The Blues The Blues wrote:

I have just said what was detailed in the accounts signed by the Directors and Auditor. I don’t understand why there is so much nervousness when Ealing is mentioned. Blues are negative £250k, Pirates looks like it is a big number at £7.4m in 2023. It all shows the amount of money some people put in and are happy to lose for our entertainment!

I have not declared their club insolvent. It’s all in the accounts so only commenting on what is filed. As liabilities are greater than assets by approx £26k (not much really when considering their turnover) at the balance sheet date, a going concern note was made.

The directors have made a statement that the shareholders are committed to provide on going support to allow the company to meet its liabilities as they fall due for a period of no less than 12 months from the date the accounts were signed.

Your initial post says "Ealing are now insolvent"

I even gave you a reference as to what insolvent means but you chose to ignore it and continue to claim you didn't say something which you quite clearly did.

But if you want to keep digging that hole for yourself feel free!
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