FORUMS > The Virtual Terrace > Salford financial crisis worsens after council local reject bail out bid |
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4397_1335909374.png @chemical_viking:d7dc4b20b2c2dd7b76ac6eac29d5604e_4397.png |
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| Quote: Starbug "No you didnt, you just didnt think it through, even when given the opportunity to ,the solution is that Salford get supported through the next 2 seasons until the structure of SL can be re assessed'"
I did. Whether you like it or not, I did.
This is not about a preference. I was talking about a potential scenario which could happen. Which has transferred to you for some reason as being an ideal scenario.
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6679_1399761959.png [quote="dally messenger":1gysl9ow]was watching an nfl doco. on one of their teams and they used the term bomb to describe those long high passes from quaterback to running back and i think gibson took that idea, realized you cant throw the ball forward in RL and adapted it to a "bomb" kick we have[/quote:1gysl9ow]
[quote="eels fan":1gysl9ow]You poor poor obsessed fat ex vichyballin potato thieving stoaway.[/quote:1gysl9ow]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6679.png |
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| Quote: j.c "Hope your not saying the rfl should pay for them, for the next 2 seasons?'"
Survival is not a god given right for any club.....if they fold, they should be left to fold......there are others who would welcome the chance to step up to the top table.
Bradfords "stay of execution" last year overshaddowed the entire season...it was farcical. Salford should have until January 7th to declare themselves able to fulfill their 27 SL fixtures......if they can't, then cancelling Magic weekend and creating a bye weekend, or inviting Halifax in on a 2 year licence are 2 options that could be considered.......but if the RFL bail out another club, then the game will start to unravel with sugar daddies asking "why they should waste their hard earned cash" if badly run clubs get free hand-outs.
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Black Backgrounds/Zoot.gif Freedom for supporters of the government, only for members of one party - however numerous they may be - is no freedom at all. freedom is always and exclusively for one who thinks differently.
Rosa Luxemburg, 'Die russiche Revolution'.:Black Backgrounds/Zoot.gif |
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| If Salford did fold then the solution for the Magic weekend would be to 'invite' a Championship club (probably Fev) to fill the gap - I would imagine that the Sky contract would preclude cancelling the event. SL would almost certainly have to run with 13 clubs as there simply isn't time for Halifax/Leigh to assemble a competitive team in time for the start of the season.
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22/03/2013
Get LEIGH outta wigan: |
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| Quote: gutterfax "Survival is not a god given right for any club.....if they fold, they should be left to fold......there are others who would welcome the chance to step up to the top table.
Bradfords "stay of execution" last year overshaddowed the entire season...it was farcical. Salford should have until January 7th to declare themselves able to fulfill their 27 SL fixtures......if they can't, then cancelling Magic weekend and creating a bye weekend, or inviting Halifax in on a 2 year licence are 2 options that could be considered.......but if the RFL bail out another club, then the game will start to unravel with sugar daddies asking "why they should waste their hard earned cash" if badly run clubs get free hand-outs.'"
The only bit i disagree with you on is halifax or any champ club being invited to join sl at such short notice.
Who knows what the right thing to do with magic weekend would be,no doubt any decision taken would be the wrong one in some peoples eyes,personally i would just give widnes a bye and two points and be done with it.
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: j.c "Hope your not saying the rfl should pay for them, for the next 2 seasons?'"
Yes that is what I am saying, the sport is at a crossroad at this moment, if it takes the wrong turn it could be damaged beyond repair IMO
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: The Chronicler of Chiswic "If Salford did fold then the solution for the Magic weekend would be to 'invite' a Championship club (probably Fev) to fill the gap - I would imagine that the Sky contract would preclude cancelling the event. .'"
Can you expand on this idea?
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22/03/2013
Get LEIGH outta wigan: |
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| Quote: Starbug "Yes that is what I am saying, the sport is at a crossroad at this moment, if it takes the wrong turn it could be damaged beyond repair IMO'"
The rfl dont have the money (what would it be £2.5million? over the two seasons to bankroll salford,they would never get it back,who knows it could even bankrupt them.
Now if the sl club chairmen want to fork that kind of money out,then fine get on with it.
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Someday, somewhere, today’s empires are tomorrow’s ashes.: |
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| Quote: j.c "
The rfl dont have the money (what would it be £2.5million? over the two seasons to bankroll salford,they would never get it back,who knows it could even bankrupt them.
Now if the sl club chairmen want to fork that kind of money out,then fine get on with it.'"
Why would the club need to be bankrolled over the next two seasons? According to John Wilkinson, they have a 'robust' business plan that could even see them make a profit next year, since it's based on a much reduced expected income. The problem is that they expected attendances of around 8000 last season, and based their expenditure on this estimate. As we know, those attendances didn't materialise and they ran up a debt of £600,000. This needs to be cleared before the start of the season. That, as far as we know, is the major problem, so I'm not sure why you think the RFL would need to bankroll them.
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| This thread is a certain section of RL fans distilled in to their purest form
If in doubt, Guess or make something up, cry favouritism and above all blame the RFL
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22/03/2013
Get LEIGH outta wigan: |
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| Quote: Red John "Why would the club need to be bankrolled over the next two seasons? According to John Wilkinson, they have a 'robust' business plan that could even see them make a profit next year, since it's based on a much reduced expected income. The problem is that they expected attendances of around 8000 last season, and based their expenditure on this estimate. As we know, those attendances didn't materialise and they ran up a debt of £600,000. This needs to be cleared before the start of the season. That, as far as we know, is the major problem, so I'm not sure why you think the RFL would need to bankroll them.'"
Its strange that you would believe anything john wilkinson tells you now
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Someday, somewhere, today’s empires are tomorrow’s ashes.: |
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| Quote: j.c "
Its strange that you would believe anything john wilkinson tells you now'"
The club have produced a business plan and, as part of the due diligence process undertaken by the City of Salford and Peel Holdings, that business plan was verified by two accounting firms: KPMG and one other that I can't remember the name of.
To help me decide who to believe, can you tell me what your assertion that the club will need to be funded by the RFL is based on and how it has been verified?
Thanks in advance.
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22/03/2013
Get LEIGH outta wigan: |
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| Quote: Red John "The club have produced a business plan and, as part of the due diligence process undertaken by the City of Salford and Peel Holdings, that business plan was verified by two accounting firms
I said the rfl shouldn't fund you it was another poster who said they should
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| Quote: j.c "I said the rfl shouldn't fund you it was another poster who said they should'"
You suggested that if the RFL were to support Salford, they would need to bankroll the club for two seasons.
Red John was saying that a business plan is in place, audited by KPMG and Peel's accountants, which foresees a profit based on significantly reduced expenditure.
Any RFL funding would be to get over the present crisis.
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22/03/2013
Get LEIGH outta wigan: |
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| Quote: jjm "You suggested that if the RFL were to support Salford, they would need to bankroll the club for two seasons.
Red John was saying that a business plan is in place, audited by KPMG and Peel's accountants, which foresees a profit based on significantly reduced expenditure.
Any RFL funding would be to get over the present crisis.'"
We're getting a bit closer to what actually said now aren't we.
I was responding to a poster who said the rfl should definately bail salford out now and for the next two season i said they shouldn't and gave my reasons why.
Go back to the other poster and ask him why he thinks salford should be bailed out for the next two years.
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953.jpg 2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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| If i remember rightly the club announcement said 'firms like kpmg'. The business plan was based on 1.5 million pounds of loans not an investors cash. This is being strung out as long as JW can do to try and force the RFLs hand. The club is now subject to a second winding up petition brought by Luke Patten. This was reported in Business Week on Friday. There are no investors and if there were they will not be taking on your debts.
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