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Rugby Union
Premiership Rugby / Premiership Cup
Leicester Tigers salary cap breach?
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<blockquote data-quote="will311293" data-source="post: 1084321" data-attributes="member: 73664"><p>So i know we lost £7.4m last financial year... much like all clubs, COVID limited us. I believe where we are financially more viable is that the club is part of the larger Wasps Holding which includes the entirety of the arena, other teams and the hotel/casino.</p><p></p><p>The ground was valued at £52.4m and Invested Units was valued at £17.6m whilst you have to remember during COVID (2020/21) season we lost 34 exhibtions on average (incl. Concerts, Events etc) and Hotel RevPAR (£62) and F&B spend per head of £6.64.</p><p></p><p>All in all a large loss of earnings. I think where Wasps are lucky is that our other revenue streams have helped stem the tide of financial issues. Thew new training facility also has helped us. In reality i think we the reduction in star names and a tighter control on budget we are better than before but are deeply dependent on Richardson and external funding (via hotel & other ground uses).</p><p></p><p>The liklihood is we will be re-financed on the bonds too.</p></blockquote><p></p>
[QUOTE="will311293, post: 1084321, member: 73664"] So i know we lost £7.4m last financial year... much like all clubs, COVID limited us. I believe where we are financially more viable is that the club is part of the larger Wasps Holding which includes the entirety of the arena, other teams and the hotel/casino. The ground was valued at £52.4m and Invested Units was valued at £17.6m whilst you have to remember during COVID (2020/21) season we lost 34 exhibtions on average (incl. Concerts, Events etc) and Hotel RevPAR (£62) and F&B spend per head of £6.64. All in all a large loss of earnings. I think where Wasps are lucky is that our other revenue streams have helped stem the tide of financial issues. Thew new training facility also has helped us. In reality i think we the reduction in star names and a tighter control on budget we are better than before but are deeply dependent on Richardson and external funding (via hotel & other ground uses). The liklihood is we will be re-financed on the bonds too. [/QUOTE]
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Leicester Tigers salary cap breach?
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