S
SEARCH
M
SW
Collect News Data
/esi/1339/6_A_6_404676_0/index.html?art_id=404676&ESI

Warrington Wolves suffer shortfall of £1.4m due to coronavirus pandemic

:Headline: Warrington Wolves suffer shortfall of £1.4m due to coronavirus pandemic:
Karl Fitzpatrick reveals details of the club's cash struggle due to Covid-19.

Warrington have so far suffered a shortfall of around £1.4million due to the coronavirus pandemic, the club's chief executive Karl Fitzpatrick has revealed.

It was announced last week that the 2020 Super League season, which has been paused since March 15, will restart on August 2, behind closed doors at a small number of neutral venues until government directives change.

The Wolves are set to get their campaign back under way six days later, with a return to training scheduled for July 20.

Fitzpatrick said on Wednesday: "The financial landscape is going to be very challenging, both short and medium, and possibly long term.

“The financial landscape is going to be very challenging, both short and medium, and possibly long term”
- Karl Fitzpatrick

"The staff and the players accepted a salary reduction an they have been outstanding in support of the club and willing to take the pain.

"There is a three-month review that we've just come to the end of, we are now going through that process to determine what the salary cuts look like going forward.

"But it's quite clear the current financial situation may deteriorate before it gets better, due to the furlough payment the majority of players and staff are currently on – the fact they will come off that certainly leaves a hole in our cashflow. It (the furlough scheme) has been an absolute lifesaver.

"All in all we are probably looking at a shortfall so far of around about £1.4m, to give you a bit of an idea of the challenges we are currently facing – and again, I need to reiterate, that is only for the recent period."

With regard to the emergency £16m loan the Rugby Football League is receiving from the government, Fitzpatrick said: "We are still not sure if we will be applying for that loan, the repayment terms have not been made available as yet. We are expecting to get the details through on that very shortly."

Warrington have applied for their Halliwell Jones Stadium home to be a neutral venue for behind closed doors games (PA)

Warrington have applied for their Halliwell Jones Stadium home to be a neutral venue for behind closed doors contests.

Fitzpatrick said: "We have submitted our application, alongside a number of other clubs, and we are hopeful we will get allocated a number of games at some stage."

Fitzpatrick added that while there were so many unknowns related to the current situation in terms of how long problems would last, he would "certainly envisage some significant issues for 2021."

Chairman Stuart Middleton, who along with his fellow directors has committed a seven-figure sum to help navigate the club through the current period, said he thinks "this is the tip of the iceberg."

Middleton said: "I think there is a lot more to come, a lot of pain to come not just for ourselves but for our supporters and our sponsors etc."

body check tags ::

amp_article_404676 : Collect and Make Data not in DataBase  : 
last updated article - 2020-07-01 15:17:46:
html db last update - 2020-08-09 19:16:55 :

ex - 7200 : read : write cache and make html

Coronavirus outbreak - Click here for more stories

Click here for more stories about Karl Fitzpatrick

Click here for more stories about Warrington Wolves

Share this article now:
Show comments

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Recommended Next on SM
Former Hull KR, Warrington forward Jordan Cox dies aged 27
Man United consider Costa as Sancho alternative?
Daryl Powell: 'Castleford are ready for upcoming challenge'

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

. . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.