Wednesday, 30 January 2013

Super League Debt, Should We Be Worried?


I’m sure many of you watched the BBC Inside Out programme claiming that Super League clubs are in massive amounts of debt.  One sport finance expert even went as far as saying the sport is staring into a ‘financial abyss’. Not exactly what we wanted to hear a couple of days before the start of the new season but what I ask is were any of us really that surprised?

Firstly let’s get this dramatic claim into context, £60 million pounds worth of debt between 11 clubs was the allegation, that debt alone is probably held by just  one football team in the top flight so was it really fair of the BBC to pick on rugby league? Then again, is any publicity good publicity?

Now there have been some obvious examples of big debts in the sport recently, the problems we have seen at Bradford, Wakefield and Salford. Many rival fans have been quick to point the finger but the afore mentioned expert also said that only around 2 or 3 clubs in the league are actually financially stable so let’s not start making accusations.

The pressure on clubs to build stadiums and meet various other conditions to gain a Super League franchise is probably one of the biggest triggers of this debt. Being forced to build stadiums they simply cannot afford to run. I am sure, like myself, many people would be happy to go back to promotion and relegation and have away with this financial pressure. Then again, I can see why improvements need to be made in order to attract more people to watch the sport but maybe there are better ways of doing this.

Some suggestions were made on the programme to help reduce the debt. One suggestion was to reduce the salary cap, which hardly seems fair on the players, who don’t exactly earn a footballers wage to begin with. Another was to reduce the league from 14 teams to 12 or even 10 but again to me that would see the small town clubs go out and leave the top teams in; making the league even less of a competition then it is now.

Now I do believe the teams need to work together to help combat this debt, however I also think that if a team gets in to trouble, surely bailing them out is only adding to their woes. They need to be able to sort it out for themselves, find a way of getting better, just like we have seen at Salford this week, with the takeover by a millionaire race horse owner. It can only be a good thing that wealthy businessmen are wanting to invest in the sport.

All in all, rugby league is a resilient sport and money is a worry for every other sport in this country too and it’s not all doom and gloom, with growing attendances and strong viewing figures. Yes changes do need to be made but I don’t think pointing the figure is the right way to go about it. We need to be in this together, rivalries aside and lets go forward and make this World Cup year rugby league’s best yet.
 

 

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