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Quote: batleyrhino "What is the TV income for a Prem RU team by comparison to the squad spend?'"


Significantly less about 1m a year - plus they have much bigger squads to support given the specific skills required for certain positions.

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Quote: Sal Paradise "Lang has had the best squad Souths have had in years and he has taken them backwards - we need another Maguire - a quality assistant from the NRL who is able to shows the ageing core players who is the boss.'"


So who do you suggest? Incidentally we really missed the boat with Furner IMO.

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Quote: batleyrhino "I didn't make myself very clear did I. What I meant was that Leeds will never spend up to the cap, but they will never spend way way beneath it either. GH is frugal, but not daft enough to think that by spending say 250k below the cap he would have a squad strong enough to be real contenders.

If I were a betting man, I'd say that every year we are between 30 and 70k under the cap limit.'"


I think GH will spend as little as he can to ensure the profitability of the club - no bad thing in principle. Unfortunately, like in any business, when you stop investing only one thing will happen? and it isn't positive.

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Quote: Sal Paradise "Duncan - Leeds will never be in danger of breaching the cap - I would suspect 1.4/5m is the max GH will ever spend.

To run a premiership RU side is expensive - even with the quality of players Leeds have - that is not possible out of the pure RU revenue streams the money has to come from somewhere.'"
Caddick subsidises them personally and it's widely known they don't spend up to the RU salary cap. Only a conspiracy-theorizing loon would think their playing budget is topped up directly from the Rhinos' playing budget. Leeds RL certainly subsidise them in other ways, but as the biggest club in RL Leeds could and would spend plenty more on the squad if they were allowed to (being allowed to would mean they were in fact obliged to spend more). They'll be a little under the cap in normal circumstances I imagine; and this year I can't recall the exact sequence of Diskin/Donald/Cross/Hauraki movements so he could be keeping some more up that sleeve. But these would be in the tens not hundreds of thousands.

Hetherington though likes the salary cap as it is because it keeps costs down. But don't be fooled that pretty much top of his priority list is ensuring a successful Leeds Rhinos team. Since you're obsessed with his obsession with money, it's worth remembering that more than anything else at Headingley it's that which makes the real profits.

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Quote: batleyrhino "So who do you suggest? Incidentally we really missed the boat with Furner IMO.'"


Possibly, although the Raiders are going well. Furner is lucky his dad runs the club so I think his position is pretty secure. He would make a great coach IMO - I still think there is some legs in Steven Kearney, who only just missed out to McClennan last time around.

The obvious place to look is Melbourne, Bellamy is the best coach in the world and his protege's seem to learn a lot from working with - not least who is the boss, something sadly lacking at Headingley

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The RU Salary Cap is £4M per year, whilst the TV income from the last deal was £54M over 3 years, equating to £18M per year. I don't know the details of the split between the Prem clubs and a parachute payment, but it's conservatively 1.5M per year between 12 clubs.

That leaves quite a gap that has previously been filled by Paul Caddick personally as documented many times. I don't expect that with the playing squad that Carnegie have they are spending anything like 4M, even given the larger squad to cover more specialist skills as you point out.

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Quote: MjM "Caddick subsidises them personally and it's widely known they don't spend up to the RU salary cap. Only a conspiracy-theorizing loon would think their playing budget is topped up directly from the Rhinos' playing budget. Leeds RL certainly subsidise them in other ways, but as the biggest club in RL Leeds could and would spend plenty more on the squad if they were allowed to (being allowed to would mean they were in fact obliged to spend more). They'll be a little under the cap in normal circumstances I imagine; and this year I can't recall the exact sequence of Diskin/Donald/Cross/Hauraki movements so he could be keeping some more up that sleeve. But these would be in the tens not hundreds of thousands.

Hetherington though likes the salary cap as it is because it keeps costs down. But don't be fooled that pretty much top of his priority list is ensuring a successful Leeds Rhinos team. Since you're obsessed with his obsession with money, it's worth remembering that more than anything else at Headingley it's that which makes the real profits.'"


The point is Leeds is a very small enterprise in the real world 11m is tiny in comparison to normal commercial enterprise - it would interesting to compare the revenue streams of the two main sporting clubs in Leeds - that might actually put things into perspective for you.

The club doesn't have a finite cashflow, Caddick will guarantee the O/D, loans etc but if he were putting money into the Tykes you would expect to see the director's loans on the increase that is not visible on the balance sheet - so I would suggest quite the contrary.

If they have a to support a RU squad with limited funds - Leeds profits are not in the millions - something has to give. What else would you suggest is their next biggest expenditure? You are nieve if you think the success of the two sides are not financially linked. The sacking of the director of rugby suggests the club isn't quite as flush as some on here would suggest.

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//www.pngnrlbid.com [quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35] [quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]:



Quote: Sal Paradise "Possibly, although the Raiders are going well. Furner is lucky his dad runs the club so I think his position is pretty secure. He would make a great coach IMO - I still think there is some legs in Steven Kearney, who only just missed out to McClennan last time around.

The obvious place to look is Melbourne, Bellamy is the best coach in the world and his protege's seem to learn a lot from working with - not least who is the boss, something sadly lacking at Headingley'"

Kearney is at Parramatta. No chance of him quitting to come here.

David Kidwell and Kevin Walters are Bellamys assistants. Kidwell is nowhere near ready. Walters took Les Catalans backwards at a rate of knots.

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Quote: Sal Paradise "The point is Leeds is a very small enterprise in the real world 11m is tiny in comparison to normal commercial enterprise - it would interesting to compare the revenue streams of the two main sporting clubs in Leeds - that might actually put things into perspective for you.

The club doesn't have a finite cashflow, Caddick will guarantee the O/D, loans etc but if he were putting money into the Tykes you would expect to see the director's loans on the increase that is not visible on the balance sheet - so I would suggest quite the contrary.

If they have a to support a RU squad with limited funds - Leeds profits are not in the millions - something has to give. What else would you suggest is their next biggest expenditure? You are nieve if you think the success of the two sides are not financially linked. The sacking of the director of rugby suggests the club isn't quite as flush as some on here would suggest.'"


I predict MjM is going to have a field day picking holes in all that.

<pulls up chair to watch>

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Quote: batleyrhino "The RU Salary Cap is £4M per year, whilst the TV income from the last deal was £54M over 3 years, equating to £18M per year. I don't know the details of the split between the Prem clubs and a parachute payment, but it's conservatively 1.5M per year between 12 clubs.

That leaves quite a gap that has previously been filled by Paul Caddick personally as documented many times. I don't expect that with the playing squad that Carnegie have they are spending anything like 4M, even given the larger squad to cover more specialist skills as you point out.'"


Leeds don't receive full monies - the salaries in RU are higher than RL and they have bigger squads - it is unlikely they can put the playing/coaching set up together for less than 2.5m - Caddick may have put the money in years ago but he stopped when the university took over. Giving it back to GH was the last thing he/Caddick wanted.

On the stand you would have thought with Caddick building it they would have gone for something above basic - it would seem money is even tighter than many on here think.

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Quote: Maverick Rhino "I predict MjM is going to have a field day picking holes in all that.

<pulls up chair to watch>'"


Lets see shall we - he will obviously have the accounts for the past 3 years to review - he is not the only accountant on here icon_biggrin.gif

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Quote: SmokeyTA "Kearney is at Parramatta. No chance of him quitting to come here.

David Kidwell and Kevin Walters are Bellamys assistants. Kidwell is nowhere near ready. Walters took Les Catalans backwards at a rate of knots.'"


Kidwell did an excellent job at Souths before he went to Melbourne - he is the next off Bellamy's conveyer belt - not a man to argue with either.

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Quote: Sal Paradise "Kidwell did an excellent job at Souths before he went to Melbourne - he is the next off Bellamy's conveyer belt - not a man to argue with either.'"

1 season as a youth coach, and 1 season as an assistant doesnt provide you with the experience to be head coach at a club like leeds. Maguire was an assistant for 7 years, working under Bellamy, Maninga and Elliott.

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:



Quote: Maverick Rhino "I predict MjM is going to have a field day picking holes in all that.

<pulls up chair to watch>'"

So the Leeds Tykes are not funded by the Leeds Club

"At 31 October 2010 the club had £2.36m in the bank and had lent a further £1.7m to Leeds Carnegie to cover their cash deficit (which I ASSUME we'll be getting back...). It's very cash-rich for an RL club and whilst obviously money will need to be borrowed either from within or without the group it's a decent starting point to the funding."

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Quote: Sal Paradise "if he were putting money into the Tykes you would expect to see the director's loans on the increase that is not visible on the balance sheet - so I would suggest quite the contrary.
'"

From the financial statements of Leeds RUFC Limited £1,176,577 in respect of naming rights, advertising and promotion".

Year ended 30 June 2009 as per 2008, the subsidy this year being £892,892. However Caddick Group plc had in between times also pumped in £240,000 of Tetley's-style deferred sponsorship, that being written off over ten years.

Year ended 30 June 2010. These accounts are sat on my desk at work so I can't tell you the figures but, and this may add fuel to your conspiracy theory, the loans that year were stumped up by the cash rich Leeds Rhinos and as at 31 October 2010 Leeds CF&A Ltd were reporting that "the company provided a loan of £1,325,999 to Leeds RUFC Ltd". When the [iloan waiver[/i comes if it is from Leeds RLFC rather than Caddick Group plc I will be the first to chain myself to Caddick's Bentley demanding our £1.4m back.

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