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| Like all true fans of the sport I wish Widnes and all it's fans the very best moving forward. I have to say I'm wary of people coming in with not much money. Bradford have had two or three owners with the collective wealth equal to the change down the back of my settee foisted on them by the RFL. Then when we inevitably went pop AGAIN they act surprised. I hope the new Widnes ownership is legit and sustainable.
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| Quote: Pumpetypump "Like all true fans of the sport I wish Widnes and all it's fans the very best moving forward. I have to say I'm wary of people coming in with not much money. Bradford have had two or three owners with the collective wealth equal to the change down the back of my settee foisted on them by the RFL. Then when we inevitably went pop AGAIN they act surprised. I hope the new Widnes ownership is legit and sustainable.'"
It's definitely legit and they're all local/Widnes fans so will have the club at heart. Whether they have the funds to keep things moving forward im not sure. Hopefully a packed house against Fev on Sunday, the town have really rallied behind the team these last 2 weeks, amazing to see. Thanks for all the well wishes
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| Quote: Pats plastic pitch "It's definitely legit and they're all local/Widnes fans so will have the club at heart. Whether they have the funds to keep things moving forward im not sure. Hopefully a packed house against Fev on Sunday, the town have really rallied behind the team these last 2 weeks, amazing to see. Thanks for all the well wishes'"
You must be doing something right, you've got Mel C wishing you well. When we get into trouble we have Laurel's dad from Emmerdale looking sad on Calendar.
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| Quote: Pumpetypump "You must be doing something right, you've got Mel C wishing you well. When we get into trouble we have Laurel's dad from Emmerdale looking sad on Calendar.
She was born in Widnes. I'm glad we can move forward but the whole scenario just stinks. I could understand if we were spending to the cap and using the full Sky money (£1.8million). But we knew this wasn't the case, we finished bottom of the league the past 2 seasons with a mediocre at best squad and reports had our salary cap in and around the £1million mark. So you think, well at least the other money is going to the council for the stadium rent or paying off additional Debt. Only when we went into administration we found out that none of the debts had been paid and we owed around £800,000. Add ticket money and merchandise and even Widnes must have been receiving around £2.5million a year. Where the hell it all went, we all kind of know but it's destroyed the club and the great work we've done with our youth system. Hopefully that can re-establish itself soon enough
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| I know I'm a broken record but you're saying all the things we did and it's heartbreaking to see others having to deal with the same nonsense. It's the aftermath when you finally get to see what debts were accruing and the irresponsible behaviour leading up to the demise. It's depressing. I particularly agree about trying to mitigate the impacts on your youth structure. You, like Bradford have got (or had) invaluable structures in place that are the key to a sustainable club for years to come.
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| Well it looks like we're keeping the majority of this squad, we'll survive, that's not a problem but we wont get anywhere near the play offs which is a shame. Dropping into a league with the likes of Bradford, Leigh, Halifax and Featherstone, it should have been a very exciting year.
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| You will have operating costs of £120k plus per month, if ST and sponsorship money has gone that is a big figure to service with no funding - good luck, and remember what don't kill ya makes ya
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| Thanks for th support of th rugby league community these last two weeks. Great win today infront of 5700 fans, looked a lot more. Onwards and upwards and hopefully put this horrible chapter behind us.
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| Fev have been unlucky to come up against 2 teams this season who have been at death's door and had something to prove. Mind you, Fev haven't been in wonderful shape either!
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Player Coach | 4473 | No Team Selected |
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| And why would they be ? They're essentially a rhinos reserve set up. And the rhinos first team are bad enough!
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| Quote: Pats plastic pitch "Thanks for th support of th rugby league community these last two weeks. Great win today infront of 5700 fans, looked a lot more. Onwards and upwards and hopefully put this horrible chapter behind us.'"
For the ignorant amongst us, how can you have gone into admin yet continue with pretty much the same FT squad, apart from what appears to be the injured ones that you have cut loose - is it just a way to avoid paying your debts, can’t say I really understand this kind of thing
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| Quote: ColD "For the ignorant amongst us, how can you have gone into admin yet continue with pretty much the same FT squad, apart from what appears to be the injured ones that you have cut loose - is it just a way to avoid paying your debts, can’t say I really understand this kind of thing'"
I believe that the debts still exist.
Receivership is when creditors get paid £% in the £, administration is a "holding pattern" until a new owner takes over the entity and its debts.
This is what caught out the various owners of Bradford....they were essentially taking on debts that they couldn't service. If this new ownership have anything other than a concrete plan to raise funds, it will fail.
They cannot rely on gate takings, sponsorship coming on board and other back of a beer-mat strategies......as others have said, they have outgoings of £150,000 a month (minimum) and 5,700 a game is a great step forward......but remember Bradford had gates like that and bucket collections and summer concerts.......and no disrespect to widnes, but Bradford are a much bigger side in terms of reach.
I really hope they can come through this.......and great job beating Leeds second string
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| Quote: ColD "For the ignorant amongst us, how can you have gone into admin yet continue with pretty much the same FT squad, apart from what appears to be the injured ones that you have cut loose - is it just a way to avoid paying your debts, can’t say I really understand this kind of thing'"
We’re in the championship and have lost Inu, Tangata and Albert who collectively must be on around £150-£200k a year. The administrators, new consortium and creditors have clearly come up with agreement, hence why Widnes can still participate in the championship.
Administration doesn’t necessarily mean all your players leave and are sold.
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Club Owner | 1276 | No Team Selected |
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| Quote: Call Me God "I believe that the debts still exist.
Receivership is when creditors get paid £% in the £, administration is a "holding pattern" until a new owner takes over the entity and its debts.
This is what caught out the various owners of Bradford....they were essentially taking on debts that they couldn't service. If this new ownership have anything other than a concrete plan to raise funds, it will fail.
They cannot rely on gate takings, sponsorship coming on board and other back of a beer-mat strategies......as others have said, they have outgoings of £150,000 a month (minimum) and 5,700 a game is a great step forward......but remember Bradford had gates like that and bucket collections and summer concerts.......and no disrespect to widnes, but Bradford are a much bigger side in terms of reach.
I really hope they can come through this.......and great job beating Leeds second string
I don't think you understand the 'administration' process in the slightest.
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| Quote: Pats plastic pitch "We’re in the championship and have lost Inu, Tangata and Albert who collectively must be on around £150-£200k a year. The administrators, new consortium and creditors have clearly come up with agreement, hence why Widnes can still participate in the championship.
Administration doesn’t necessarily mean all your players leave and are sold.'"
Before admin, the monthly wage bill was reportedly £120k! Even if those 3 were on a combined £200k pa that only drops it to a touch over £100k a month, unless the remaining players have taken a significant cut. Not sure you'll actually find that sustainable.
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