David Hughes pays off all the debts

and he owns harlequins, meaning he can put in and take out money as he sees fit anyway. And as such the fact he has subordinated directors loans is of no interest or use to anyone in any way shape or form bar petty pointscoring.

No. Unless he lends the club the money. Which he doesn't. He gives it. So yes, they are debt free.

No point scoring.

Someone posted they are debt free.
They are not.I was merely clarifying that.

TB - If its not a debt why do the FSA class it as such?The subordinated loans still show as a liability and technically still classed as debt.

Also if you take out the long term liabilities(which i presume would cover the subordinated loans) the club still has a deficit,so would this still indicate some debt?

I have no wish to have a long running debate over this,however if you can point me in the direction of a link that shows subordinated loans are not classed as debt i will accept they are nearly debt free.

Ok, we can qualify it to make you happy.

Quins are free of any debt that is anywhere near likely to ever need to be, asked to be, or be paid back. The Debts they have are to their owner

Thanks Smokey

A simple "Yes they have debt"would have been sufficent.

Think you are wrong there.

As i said, other than petty point scoring it is of no use to anyone. Only somebody looking to score points would look to equate quins subordinate directors loans with 'debts' as used in the context discussed in this thread.

Though as a Wakefield fan im sure petty points are the only you are likely to score in this debate.

Now that is petty and makes you look ridiculous.

Who i support as absolutely nothing to do with my comments.

I own a car. The bastrd thing needs to be serviced on a regular basis, drinks fuel faster than I drink pints and costs me an arm and a leg.......but, I own it outright and it isn't in debt to me.
Exaclty the same for David Hughes. He owns the club....throws cash at it that he knows he will never see again.......but it doesn't owe him or anyone else money.
Harlequins RL are debt free.

Smokey and co can argue semantics all they like....doesn't change the fact that every penny DH throws at the club is money that he doesn't expect to ever get back. What he calls this money is purely down to what tax breaks he can get......after all, 1.5 million a year is bad enough without the bastrd tax man getting his pound of flesh as well

Quote: gutterfax "I own a car. The bastrd thing needs to be serviced on a regular basis, drinks fuel faster than I drink pints and costs me an arm and a leg.......but, I own it outright and it isn't in debt to me. Exaclty the same for David Hughes. He owns the club....throws cash at it that he knows he will never see again.......but it doesn't owe him or anyone else money. Harlequins RL are debt free. Smokey and co can argue semantics all they like....doesn't change the fact that every penny DH throws at the club is money that he doesn't expect to ever get back. What he calls this money is purely down to what tax breaks he can get......after all, 1.5 million a year is bad enough without the bastrd tax man getting his pound of flesh as well Time for this - www.autotrader.co.uk/

Quote: gutterfax "I own a car. The bastrd thing needs to be serviced on a regular basis, drinks fuel faster than I drink pints and costs me an arm and a leg.......but, I own it outright and it isn't in debt to me. Exaclty the same for David Hughes. He owns the club....throws cash at it that he knows he will never see again.......but it doesn't owe him or anyone else money. Harlequins RL are debt free. Smokey and co can argue semantics all they like....doesn't change the fact that every penny DH throws at the club is money that he doesn't expect to ever get back. What he calls this money is purely down to what tax breaks he can get......after all, 1.5 million a year is bad enough without the bastrd tax man getting his pound of flesh as well Time for this - www.autotrader.co.uk/