Washout Causes Welsh Financial Woe
The washout of the Welsh Dragons and Centaur camp and tournament last week in the UK has left the clubs involved facing a financial headache. The camp had to be called off half way through and the tournament couldn’t run. Now, without the full tournament entry fees coming in, the organisers are looking at a large deficit, as a lot of the costs associated with the venue had to be incurred regardless of whether the tournament ran.
Welsh Dragons Chairman Jeff Parr said that the site hire costs and the cost of hiring the toilets and the showers will all still have to be paid in full, though hopefully they have avoided paying items such as the paramedic cost. The camp part of the week was budgeted to make a loss but the organisers were hopeful that this year the tournament would cover that loss and make them a profit. The Welsh Dragons reckon they need about 100 players at their tournament to cover all the costs and this year they had entries totalling over that figure and so should have made a profit.
However, now with the tournament being called off they will probably have to fall back on the clubs reserves in order to cover the deficit but Jeff was not confident that they had enough in the bank to do so “We will sit down and work out exactly where we are and then see what we have to do. Like most of the UK clubs we don’t have a great deal in the bank. It’s a real shame because it was the biggest entry we had ever had and it should have been a brilliant weekend.”
Comments - No Responses to “Washout Causes Welsh Financial Woe”
Sure is empty down here...