RFL are indicating its a possibility www.bbc.co.uk/sport/0/rugby-league/18609190

RFL are indicating its a possibility www.bbc.co.uk/sport/0/rugby-league/18609190

So what did our £400k+ actually pay off then? Just the 4 months' PAYE that was o/s as at Good Friday?
Or did we clear the bank o/d too, on which the previous directors had personal guarantees?

That assumes a new club would be formed immediately out of the ashes doesn't it?

Seems unlikely.

No chance. Even with months to prepare I would say it was unlikely.

Quite. I think unlikely is being very generous. Even Bullbuilder is only run by a handful of dedicated volunteers giving what spare time they have, club ownership is several factors more involved. Just can't see it.

I said yesterday:

The Jan and Feb - and then March - PAYE.

Some of the April wages.

Plugging the gap left by the pulled overdraft.

Remember: the club was paying money into the bank account, but the bank would not let the club make payments from it. Therefore the overdraft reduced automatically.

The more I think about it, the more I suspect that the bank became aware that HMRC were probably looking to wind the club up for unpaid PAYE in Mid-March and that may have been the real trigger for them finally pulling the plug.

How would the RFL (or anyone else for that matter) expect a group of fans to run the club until the end of the year. Absolute bonkers.

Let's all give up our jobs, find loads of cash from nowhere to pay the players until the end of the year and while we're at it, lets pick the team by a public vote each week.

Suggest to me the RFL might be considering supporting a temporary vehicle for enabling that to happen? Would make massive sense for them if they did, when you consider the alternative.

Anything to avoid messing up the league standings for everyone else and highlighting how ridiculous the whole magic weekend has become (or always was). Then they'll just crucify us once the season is over.

Oh, and lets hold the world for a few months while these supermen put together a prospectus, in accordance with all the relevant financial legislation, to go out and try and raise money from the public. I'm sure the administrator will wait a few months, and find some way of paying the bills in the meantime?

Its all a lot different to how it was in Trevor's day. The numbers are much bigger, and the legal requirements are far more onerous.

And that is even if we had seen hordes of people demanding this be done, and volunteering their services for a protracted period.

As you say Adey, this idea is a non starter.

I am not sure you can dismiss any potential source of capital in such an offhand fashion - or are you still hoping vainly for the elusive suger daddy?

If anything rises from the ashes of the current club it is likely to have to rely much more on fans giving time and volunteering to help - as there simply wont to be the funds for full time employees so is it unreasonable to offer fans a small stake in the club?

Its not the concept as such. Just the idea that a Supporters Trust could emerge and seemlessly takeover in mid season that's nonsense.

Not suggesting that - but if something does emerge from the current situation its a way of bringing some more capital into Newco and broadening the fans involvement. I think you could also make the point that after what the fans have done in the last few months then Newco could both acknowlege this contribution and at the same time strengthen the core fan bases engagement with the club by offering some shares - not as investments but more recognition of their contribution