FORUMS > The Virtual Terrace > Bulls under new ownership |
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| Quote: Wembley '83 "... must go back to the first point i made in response to Mr Aardvark. This is not the same as increasing the purchase price as the return to creditors is very different....'"
But you are looking at this from a completely different perspective. The point that I have been making is from the perspective of the new owners, and what, in real terms (and not theory) the purchase has and will cost them. In hard cash.
And foregoing (as part of the overall deal) some funding that every SL club in other circumstances receives is a direct and obvious part of the purchase cost. To over-simplify, an example -
"I offer to buy B for (a) an immediate payment of £X (b) a future payment of £Y; and agree that also in 2013 we will forego income of £Z.
The point I am making is that, viewed from the perspective of such a buyer, the cost is X + Y + Z. If Z was Nil, then X would either be a bigger sum, or else the buyer would be quids in to that amount.
The position from the RFL's perspective is something completely different.
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| As i read it the 1.5 million debt will disappear on the liquidation of the old company. But he does have 6 mill to spend on Odsal. So up yours to the creditors.
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| Quote: DemonUK "As i read it the 1.5 million debt will disappear on the liquidation of the old company. But he does have 6 mill to spend on Odsal. So up yours to the creditors.'"
That’s a tad too simplistic .
It sounds like it depends on who the Creditor is.
Tax Man, Caterers, Cheerleaders et al, sod all.
The RFL to get it back on the never-never.
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| See Elima has re signed for the Catalans on a two-year contract
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Club Owner | 33944 | No Team Selected |
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Mar 2004 | 21 years | |
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| Quote: Kosh "The 'advanced monies' will be repaid whatever happens. Likewise the rent. An owner who's talking about splurging £6M on Odsal is hardly likely to be able to plead poverty when it comes to repaying owed monies or rent on the ground.'"
Has he stated it is a definate , even if the Bulls dont get a SL licence ?
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| Quote: Ferocious Aardvark "But you are looking at this from a completely different perspective. The point that I have been making is from the perspective of the new owners, and what, in real terms (and not theory) the purchase has and will cost them. In hard cash.
And foregoing (as part of the overall deal) some funding that every SL club in other circumstances receives is a direct and obvious part of the purchase cost. To over-simplify, an example -
"I offer to buy B for (a) an immediate payment of £X (b) a future payment of £Y; and agree that also in 2013 we will forego income of £Z.
The point I am making is that, viewed from the perspective of such a buyer, the cost is X + Y + Z. If Z was Nil, then X would either be a bigger sum, or else the buyer would be quids in to that amount.
The position from the RFL's perspective is something completely different.'"
I said in a previous post I accepted that in terms of the cost to the purchaser it made no difference, my mistake was to believe the discussion had become wider.
However on further thought there does seem to be a problem even with the logic of what you outline above. It seems to me you are either saying:
a) If Z reduces, X automatically increases by the same amount to ensure the total remains the same.
b) If Z reduces, the total reduces by the same amount.
If its a) then we have a very odd situation whereby OK Bulls have to find more of the money upfront to take on a club in the Championships than one in SL.
If its b) then clearly agreeing to deduction of funds can only be described as being the equivalent of increasing the purchase price if the distribution is one you are guaranteed to receive.
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| Quote: Derwent "Anyway, Fev are unaware that any mini-licensing process is going to take place.....
aye, interesting is that, on a couple of levels.
I don't claim to have any knowledge of what goes on at Fev and have never met Craig Poskitt but he does not strike me as the sort of guy who would make the comments he has about P&R without first having taken great care to first establish which way the wind was blowing...
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| Quote: Ferocious Aardvark "But you are looking at this from a completely different perspective. The point that I have been making is from the perspective of the new owners, and what, in real terms (and not theory) the purchase has and will cost them. In hard cash.
And foregoing (as part of the overall deal) some funding that every SL club in other circumstances receives is a direct and obvious part of the purchase cost. To over-simplify, an example -
"I offer to buy B for (a) an immediate payment of £X (b) a future payment of £Y; and agree that also in 2013 we will forego income of £Z.
The point I am making is that, viewed from the perspective of such a buyer, the cost is X + Y + Z. If Z was Nil, then X would either be a bigger sum, or else the buyer would be quids in to that amount.
The position from the RFL's perspective is something completely different.'"
Yes we all know and understand the maths , you dont need to be an accountant to do that , but also dont ' act stupid ' we all know [ yourself included ] the point being made here , and it isn't very nice , is it ?
Also i'd like to see your opinion on this
Quote: Ferocious Aardvark "Wembley '83
Free-scoring winger
Joined '"
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| My opinion is that any talk of "conflict of interests" is risible. We only have one governing body, it administers certain things including central funding, and it is responsible for essentially the running of the game and the competitions, teams and players. Therefore you could make some sort of "conflict" argument about pretty much ANY decision the RFL takes, but it would be as vacuous as asking "why is there only one Monopolies Commission".
The RFL has to carry out its role, nobody else can, and in any case where there is scope for accusations of real or imaginary potential conflict of interest, that clearly can't mean that the RFL can abdicate its responsibility to fulfil its function. That's just how it is. Ultimately the RFL answers to its members. The point most seemingly miss is that any money isn't "the RFL's" money, it is basically money held for the running and benefit of the sport.
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| Quote: Ferocious Aardvark "My opinion is that any talk of "conflict of interests" is risible. We only have one governing body, it administers certain things including central funding, and it is responsible for essentially the running of the game and the competitions, teams and players. Therefore you could make some sort of "conflict" argument about pretty much ANY decision the RFL takes, but it would be as vacuous as asking "why is there only one Monopolies Commission".
The RFL has to carry out its role, nobody else can, and in any case where there is scope for accusations of real or imaginary potential conflict of interest, that clearly can't mean that the RFL can abdicate its responsibility to fulfil its function. That's just how it is. Ultimately the RFL answers to its members. The point most seemingly miss is that any money isn't "the RFL's" money, it is basically money held for the running and benefit of the sport.'"
Give over, yer 'avin a laff.
This issue isn't that we only have one governing body and the analogy to the Monoplies/Competition Commision is bizarre at best. I could give a long answer but to avoid drift I'll keep it short use one simple example from with our own game to illustrate the point.
We have an INDEPENDENT disciplinary committee. The Governing body recognises that sometimes, not always by any means, its duties in this area will compete and not be capable of resolution by means of a simple test of what is best for the game. Resultantly it creates the rules and guidelines in advance but outsources the decisions.
We should have appointed a suitably qualified independent panel to make all licence decisions from the outset, we didn't. Now we have a mess.
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| Quote: Wembley '83 "We have an INDEPENDENT disciplinary committee.'"
No we don't.
Quote: Wembley '83 "We should have appointed a suitably qualified independent panel to make all licence decisions from the outset, we didn't. Now we have a mess.'"
The licencing decisions are made by the [iindependent[/i RFL Board. Last time around it consisted of Lewis and Woods plus 3 non-executive directors - Clare Morrow, Bob Stott and Maurice Watkins. None of these people have club affiliations. There are also other non-RL bodies that assist, including KPMG and Savilles.
Any more straw men you'd like me to demolish?
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| Quote: DemonUK "As i read it the 1.5 million debt will disappear on the liquidation of the old company. But he does have 6 mill to spend on Odsal. So up yours to the creditors.'"
The same as every other company to go through a similar issue.
Im guessing you were as vocal in your criticism of Wakefield for not paying off all their creditors before investing in improvements for Belle Vue? Widnes before they spent all that money on a licence application, when their creditors went begging?
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| Quote: Kosh "No we don't. '"
Really? I'll admit I was going largely on my understanding of the process rather than detailed research but having checked, the RFL themselves sayAt the Tribunal an independent chairman and two side members will consider all the evidence put
before them.'"
I'm not aware that any of the side members on the rota are employed by the RFL, they seem to me to be former Referees, players and coaches with no direct link to either clubs or the RFL. Can you expand on why you feel they are not independent of the RFL.
Bear in mind also the context of my remarks, I was responding to Ferocious Aardvark's suggestion that all decisions must be made by the governing body as they are the only one we have. I could gone with examples equally from other sports to make the same point. e.g. The FA's independent disciplinary panel that looked into the Suarez/Evra incident or perhaps the RFU's independent panel looking into London Welsh's promotion/ground issues. I'm sure I could google others but I trust you get my drift. The suggestion that a sport's governing body is the only avenue for decision making/resolving disputes within that sport simply doesn't stand scrutiny.
Quote: Kosh "The licencing decisions are made by the [iindependent[/i RFL Board. Last time around it consisted of Lewis and Woods plus 3 non-executive directors - Clare Morrow, Bob Stott and Maurice Watkins. None of these people have club affiliations. There are also other non-RL bodies that assist, including KPMG and Savilles.'"
Well yes, independent of club affiliation but hardly independent of the RFL and that, in this case, is exactly the point.
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| Quote: Wembley '83 "Really? I'll admit I was going largely on my understanding of the process rather than detailed research but having checked, the RFL themselves sayWho do you think pays the former referees, players, and coaches? They usually also have some legal representation on there. Did you think that came for free? They are employees of the RFL, implementing the RFL's disciplinary code.
You may be interested to learn that the RFU's independent panel who looked in to London Welsh's promotion/ground issues was chosen, appointed and paid for by guess who? Yes, thats right, the RFU
Quote: Wembley '83 "Well yes, independent of club affiliation but hardly independent of the RFL and that, in this case, is exactly the point.'" It isnt the point, it is nonsense because it supposes that 'the rfl board has a preferred outcome. Now you may disagree with the RFL's decisions, you may even disagree with their decision making process, but it is silly to pretend that the RFL board benefit from having any one particular team in, over another.
Considering the level of technicality you are descending to, it is important to note that it is Super League (europe ltd) who vote on how many clubs are in SL, the process they take to get there, how they are chosen etc etc, it is they who have voted, and chosen, to pass some decision making powers to the RFL board. The RFL board may not be independent of itself as you seem to be demanding, but it is independent of Super League (europe) Ltd, the body which controls SL.
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