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Quote: SmokeyTA "

Next season (if McDermott doesnt turn it around) maybe Matty Elliott would be the place to look.'"


Oh for Christ's sake, Elliott would be a disaster. Where do you think Brian Mac and Lowes picked up their coaching techniques?

David Furner might be available soon, by the way.

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Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.:icons077e_files/5454-3678dentheman-msnicons.jpg



Quote: MjM "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.'"


I think the idea that Caddick is personally putting in millions to support the tykes is a fallacy, how many individuals have that amount of spare cash, ie money not tied up in shares/property - Caddick may be wealthy but he is not Mike Ashley or Graham Kirkham.

I think the numbers show he hasn't actually put much money into Leeds over recent years which suggests the RL income is helping to support the loss making RU - this would be entirely consistent with the logical thoughts that the building of industrial units isn't quite what it used to be given the economy.

Did the two million not come from the development of the training facility and the sale of the other rugby ground at Adel?

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Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.:icons077e_files/5454-3678dentheman-msnicons.jpg



Quote: STEVENM "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."'"


This is the problem when you get non accountants trying to interpret accounts. The accounts, especially the balance sheet is a snap shot at a point in time - it doesn't mean that the Rhinos have 2m in the bank all the time. August will be a high point it would interesting to see the bank balance in December when the club have outgoing for 2/3 months and very limited income.

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Let all the doubters keep doubting and those who believe keep believing. We’re only interested in those in the bubble. Anyone who wants to come in the bubble, you can come in. But you’ve got to keep believing.:86.jpg



Quote: Sal Paradise "I think the idea that Caddick is personally putting in millions to support the tykes is a fallacy, '"
If you take the view (as I do) that Caddick views Caddick Group plc cash as "his" cash then you seem to be implying that the Leeds RUFC Ltd accounts are incorrect given they state that he/his company have written off significant amounts over the past ?

Shall I give the AADB a call to launch an investigation?

Look it's perverse that I'm having to attack this from this perspective as I am fully convinced that Leeds RLFC subsidises Leeds RUFC to the extent that we undercharge on rent and management charges and passover of group relief. But the idea that this tinkering at the margins alone is either enough to dig Leeds RUFC out of their loss making pit or that it is enough to mean that the Rhinos have to scrimp and save on their player budget or that Caddick does not then plug the RU gap through his own resources is preposterous.

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Let all the doubters keep doubting and those who believe keep believing. We’re only interested in those in the bubble. Anyone who wants to come in the bubble, you can come in. But you’ve got to keep believing.:86.jpg



Quote: Sal Paradise "This is the problem when you get non accountants trying to interpret accounts. The accounts, especially the balance sheet is a snap shot at a point in time - it doesn't mean that the Rhinos have 2m in the bank all the time. August will be a high point it would interesting to see the bank balance in December when the club have outgoing for 2/3 months and very limited income.'"
icon_biggrin.gifOH:
How much do you think Leeds RLFC takes in season ticket proceeds in advance of the subsequent season? When does the majority of that cash come in?

The end of December is therefore likely to be one of the higher points in the year's cash cycle.

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[b:1zy5cey6]"...To those people that wrote this team off... to all those that criticised this team... tonight's for you" [/b:1zy5cey6] [i:1zy5cey6]Sir Kevin Sinfield[/i:1zy5cey6]:27794.gif



Playing devils advocate here

The club has to stand behind Brian Mac this season even though things are far from rosy at present, time will tell whether or not he can turn things around.

He has been handed a squad of players to work with, none of which he has personally signed, numerous of which are possibly at the back end of their careers, and has been pointed out in other posts our problems started well before Brian Mac was appointed.

Are this seasons poor performances a culmination of what has gone on previously?

Did these problems actually start during Tony Smiths tenure at the club?

We have been a very successful club since 2004, and have won 4 grand finals along the way, but 2004 season aside i can't remember seeing us being as dominant for the whole season.

We have endured poor spells in each subsequent season although peaking at the right time in 2007 to 2009 to win the GF

theirfor is it the coaches fault or the players that we are in this current mess or a culmination of both aided by poor player recruitment?

I would like to mention a rumour which i was told by a current Professional RL coach, He said that there was far too much player influence within the Rhinos club regarding team/club matters and that these opinions have been subsequently acted upon

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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]:



2004 was a freak, we won the league by a record margin, with a record points total and a record points difference, with record points scored. No-one did it before, no-one did it since. We cant hold up our inability to replicate 2004 as a failure.

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[url=http://giants.aforumfree.com/portal.htm:3kqd91zn][img:3kqd91zn]http://i24.servimg.com/u/f24/12/34/74/45/giants13.gif[/img:3kqd91zn][/url:3kqd91zn] [color=#800000:3kqd91zn]CLICK[/color:3kqd91zn] [color=#FF8000:3kqd91zn]THE[/color:3kqd91zn] [color=#800000:3kqd91zn]IMAGE[/color:3kqd91zn] [color=#FF8000:3kqd91zn]ABOVE[/color:3kqd91zn] [color=#FF4000:3kqd91zn][b:3kqd91zn]JOIN NOW![/b:3kqd91zn]![/color:3kqd91zn] [color=#00BF00:3kqd91zn]and vote for your top 3 Giants players in every game.[/color:3kqd91zn]:537.gif



How's about Schoey? a046.gif

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Quote: PONNER "How's about Schoey?
Yeah right. icon_confused.gif

Peacock player coach maybe until the end of the season: he certainly inspires on the field. Obviously more so than our captain.

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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: PONNER "How's about Schoey? Dont even joke about it.

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[size=100:vu4p4lio] [b:vu4p4lio]Check out [url:vu4p4lio]http://www.fourpointtry.com[/url:vu4p4lio][/b:vu4p4lio] [/size:vu4p4lio]:1114.jpg



Quote: The Biffs Back "
I would like to mention a rumour which i was told by a current Professional RL coach, He said that there was far too much player influence within the Rhinos club regarding team/club matters and that these opinions have been subsequently acted upon'"


Well, they're certainly responsible for that dire pink away shirt for a start ....I have it on good authority that the design was 'voted on by the players' and rubber stamped based on their opinion.

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Wasps 51 - 18 Carnegie.

Only two games left now and they need to win both really. Looks like we won't need to 'loan' them as much money next year.

Just been down their squad also, if they are spending more than 2.5M on that lot then GH needs his bloody head testing!

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Quote: batleyrhino "Wasps 51 - 18 Carnegie.

Only two games left now and they need to win both really. Looks like we won't need to 'loan' them as much money next year.

Just been down their squad also, if they are spending more than 2.5M on that lot then GH needs his bloody head testing!'"


I hope they go down and never come up. I find it absolutely staggering that they spend up to the cap of £2.5m and find themselves in the proverbial **** year after year.

The crowds will never increase because no-one want's the three point game in Leeds.

I just hope that the Rhinos massive profits aren't propping up this big white elephant.

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Mcdermott will be going nowhere at least for this season

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Your job is to say to yourself on a job interview does the hiring manager likes me or not. If you aren't a particular manager's cup of tea, you haven't failed -- you've dodged a bullet.:icons077e_files/5454-3678dentheman-msnicons.jpg



Quote: MjM "If you take the view (as I do) that Caddick views Caddick Group plc cash as "his" cash then you seem to be implying that the Leeds RUFC Ltd accounts are incorrect given they state that he/his company have written off significant amounts over the past ?

Shall I give the AADB a call to launch an investigation?

Look it's perverse that I'm having to attack this from this perspective as I am fully convinced that Leeds RLFC subsidises Leeds RUFC to the extent that we undercharge on rent and management charges and passover of group relief. But the idea that this tinkering at the margins alone is either enough to dig Leeds RUFC out of their loss making pit or that it is enough to mean that the Rhinos have to scrimp and save on their player budget or that Caddick does not then plug the RU gap through his own resources is preposterous.'"


I would imagine these transactions relate to the genesis of whole formation of the Tykes - you know like I do that a set of accounts tells us what the issuer wants us to see. Especially for private limited companies - disclosure requirements are pretty minimal.

I am not for one minute suggesting anything improper has taken place only that the need for Caddick to support the Tykes appears to have wained in recent years - which is the point I made in the original post, something you have also agreed is probable.

I would imagine the loan from RL to RU is to covers the loses and to show the Tykes as a going concern? You could say it is all Caddick's brass and how the Tykes is funded is irrelevant - I would suggest outside funding in these economic times isn't as forthcoming and bank lending is much stricter given the nature of Caddick's wider business interests.

To me looking from the outside there have been some indications all is not so rosy: GH ringing season ticket holders who hadn't renewed, the sacking of the RU bods due to potential lack of funds next season, the scaling back of the southstand development and the lack of recruitment in the RL side.

On December cash - I would say Leeds have 9,000 season ticket holders with half being kids so £1m - however how much of the renewals is done before Xmas especially those with kids? I would suggest corporate sponsorship and sky monies represents a far bigger revenue stream and it is unlikely that money will come in before the start of the season. Add to that revenues from games which will be 250k a game minimum and I would suggest December cash balance will be quite low compared to March to September?

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