Quote wiganermike="wiganermike"<snip>.'"
These are the
FACTS as I have been told by the CEO of London Broncos over the last few months.
I was assured that the "deal", which I take to be the move to the Hive and associated investment from new parties, was alive and well as of October 2nd. Thereafter, the main areas of negotiation between the Club and the RFL have been the reintroduction of relegation, which the club oppose, the federation rule and how it has hamstrung the recruitment in London, given the fact that a 40k wage goes a lot further along the M62 than it does down south and we are still on out first generation of cockney RL players and the funding of the academy.
As of October 25th, the Hive deal was still alive and our Benefactor was still prepared to invest in the club for 2014, but the RFL hadn't moved on any of the issues other than ripping our academy and its prospects from us. The 6 Clubs that walked out didn't include London Broncos BTW....but we fully supported their actions.
IN MY OPINION as of today, we have stepped into Administration to make the RFL act one way or the other. It is not the first time our chairman has played chicken with the RFL and personally I think he's lost the plot, but the RFL now need to be seen as doing something to help the club. They assisted Salford in the location of a new owner and they have a well documented investment in Bradford staying afloat....David Hughes for all his faults, has invested close to 10 million quid into the broncos in 6 years since IL was told by the RFL to back away......a decision by the way that has led us to where we are now.
The RFL now need to decide if London offer value to the game as a locality and a professional club. If the answer is yes, then they will need to act decisively and quickly.
I believe that if we fold, then a Championship club will be promoted and there will be no P&R for 2014.......if we are to survive and be attractive to a new investor, then either the RFL buy a majority stake in the club or they issue another set of 3 year licences from 2015 onwards and make everyone apply again.
Either way, I don't see P&R being in place in 2014.