Wakefield Trinity • Re: budgeting for a loss
snowie wrote:
can someone explain to me how you can budget for a loss above £2 million in a business, seems crazy to me, I understand making a loss investing in the future but £2 million
https://www.bbc.co.uk/sport/rugby-league/44793394
Budgeting for a loss is nothing too unusual for many businesses, especially when they operate on a cyclical level of income (ie, lack of revenue from not staging home internationals) and as long as this is preceded and/or followed by a profitable year then, there is no problem.
However, the write off regarding Odsal is far more interesting.
Should this be put down as being as business decision or, is this in fact giving advantage to an individual club ?
I'm sure that the Bulls fans would say that it's part of the deal but, if so, it's just another shocking decision by the RFL to take on the lease for Odsal.
Also, I wonder just how much they are paying in rent to their landlord (The RFL) ?
Statistics: Posted by wrencat1873 — Wed Jul 11, 2018 11:46 am