Quote Sal Paradise="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.
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From the financial statements of Leeds RUFC Limited:
Year ended 31 August 2001 "During the year a loan to the company of £1,237,445 was waived by Paul Caddick (Holdings) plc."
Year ended 31 August 2004 "Caddick group plc have provided further loans to the company in the year of £767,050".
Year ended 31 August 2006 "Caddick Group plc, the ultimate parent undertaking, have provided further loans to the company in the year of £1,120,000.
Period ended 30 June 2007 "At the period end, Caddick Group plc, the ultimate parent undertaking, waived £2,289,506 of balances due from the company"
Year ended 30 June 2008 the company had a net profit of exactly nil as then owners Leeds Met covered all the losses incurred: "Leeds Metropolitan University Higher Education Corporation [paid £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.