GHA wrote: ↑
Tue Sep 22, 2020 7:33 pm
Are we losing money because we don't have money coming in, or are we losing money because we have a significant fibre broadband bill?
I would guess LIRFC would have precious little revenue coming in without bums on seats at a stadium.
I know (and repeat) from Mick Crossan's quotes that he's subsidising the club to the tune of £4M per annum.
It cannot go on like that
So LIRFC loses at least £4M a year. Without supporters, it goes to say £5M.
I'm not being dramatic in saying all for all professional rugby - what can't go on won't go on.
And apparently we're up to the Salary cap this year - whatever that is ? Down from £7M to £5M excluding marquee players.