Quote: Starbug "2 million will pay a competitive playing and coaching staff , the other 1 million for administration , marketing , advertising , junior development and community initiatives , so they guarantee 1.8 million per season paid up front and they still need to find 1.2 million per season to operate , in other reports they or the RFL were suggesting they would not need/recieve any ' central/SKY ' funding '"
ok, so now not only are they sticking £10m in a bank, they are now turning down a £1m a year
not only are they massively rich, it seems they are also mental
Quote: Starbug "' Guaranteeing ' ? , what with , false promises and lies ? , you are ok to have that ?'"
no i would rather they Guaranteed it with a guarantee, you know, a legally enforceable guarantee, when something is guaranteed,
we can leave the false promises and lies to the smaller heartland clubs, they seem pretty good at that around franchise time
Quote: Starbug "The balancing out of imcome/outgoings is usually done by the use of an ' overdraft ' , ask your bank manager if you dont know what they are ? '"
why they hell would you need to do that? you can balance your income/outgoings without the need of an overdraft, by maybe having cash in your bank,
but besides, now you are expecting Paris to put £10m of their money in a bank, so they can then pay interest to a bank to borrow money in the form of an overdraft
Quote: Starbug "£ 10 Million ? , well from the bank , or from all the money they make from the RU club , some on here have been ' orgasmic ' in their praise of the owners business acumen , and putting money in the bank to earn ' pennies ' in interest is not the least efficient way of investing money , putting it into sports clubs is the least efficient way of investing money known to man'"
so now they are borrowing £10m, and paying interest on a loan of £10m so they can put this money in a bank account and earn them less interest than they are making, AND then take out another loan for the day to day running of the club for which they can pay another lot of interest,
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www.guardian.co.uk/sport/2009/no ... nd-newport
