Quote: El Diablo "In which case;
1) There's nothing attractive to an investor about a business which is only solvent if it's staff work for free. [Dragon's Den mode] it's not a business I can make money on, it's ludicrous, and I'm out. [/Dragon's Den mode]
2) Makes the RFL's decision to buy out the lease in the first place a terrible business decision doesn't it?'"
i'm not saying it couldn't make a profit when paying staff, i'm just suggesting that the "new" club could try to get the coaches to work for less /nothing to close out the season whilst the club is being prepared for sale.
leases usually have a get out clause in them should either party enter administration /receivership. On that basis the lease will need to be renegotiated. Whether the RFL deal is good or not depends on
1) how much they paid
2) If they can get newco to agree to lease
3) The long term vision they had when they bought the lease.