FORUMS > Salford Red Devils > Press Conference - Discussion |
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No reserves,but resilience,persistence and determination are omnipotent.: |
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| Would he be interested in purchasing Edgeley Park,improving it,having Salford play there and indulging his passion for the round ball game and rugby league?
Story in MEN the other night about the Asset of Community Value being worthless (as I understood it ) and the round ball game people cannot afford to pay the money requested by Kennedy,owner of Sale Sharks.
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32990_1435324474.jpg First accept sadness. Realise that without losing 70% of the time, winning wouldn't be such a relief.:d7dc4b20b2c2dd7b76ac6eac29d5604e_32990.jpg |
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| Quote: jools "I don't agree it would apply in quite the same way. Yes you are correct if owners withdrew support many would struggle - my own being one. But as far as I'm aware Davy spends his money - it isn't LOANED.
If Marwan was to decide to chuck in the towel and demand his cash back - that leaves Salford in a worse position they were in previously!'"
I didn't say every club Jools did I? Some clubs will obviously be more financially reliant on their benefactors than others. As you say about Huddersfield, they would struggle to maintain their current status without a new benefactor, should Ken Davy decide in the future to walk away from the club.
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13977_1335458918.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_13977.jpg |
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| Quote: jools "I don't agree it would apply in quite the same way. Yes you are correct if owners withdrew support many would struggle - my own being one. But as far as I'm aware Davy spends his money - it isn't LOANED.
If Marwan was to decide to chuck in the towel and demand his cash back - that leaves Salford in a worse position they were in previously!'"
Of course its loaned jools. Ken Davy, Calvert at Cas, Eamonn, O`Connor, maybe Moran as well put money as Directors Loans. Whether they ever take them back (Calvert did) depends on the cicumstances.
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1217.jpg Knowledge flies you to the moon, religion flies you into buildings:1217.jpg |
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| Quote: Early Bath "Of course its loaned jools. Ken Davy, Calvert at Cas, Eamonn, O`Connor, maybe Moran as well put money as Directors Loans. Whether they ever take them back (Calvert did) depends on the cicumstances.'"
Perfectly correct EB. At the moment, if Dr K walked he'd get nothing back as all the money injected has gone on running the business and paying off the previous company debt. From the last accounts I think the Cash at Bank figure was just a few thousand!
IFIRC all the money that Wilky put in was done as loans to be repaid to his pension fund which of course never happened.
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Rank | Posts | Team |
Player Coach | 4314 | |
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32990_1435324474.jpg First accept sadness. Realise that without losing 70% of the time, winning wouldn't be such a relief.:d7dc4b20b2c2dd7b76ac6eac29d5604e_32990.jpg |
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| Quote: BartonFlyer "Perfectly correct EB. At the moment, if Dr K walked he'd get nothing back as all the money injected has gone on running the business and paying off the previous company debt. From the last accounts I think the Cash at Bank figure was just a few thousand!
IFIRC all the money that Wilky put in was done as loans to be repaid to his pension fund which of course never happened.'"
Yes I don't think any benefactors in RL realistically expect to see their money again. It's just a very expensive hobby.
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11969.jpg Me and are kid (TheButcher) putting the world two rights.
ERIC SHAW PREDICTION LEAGUE & PLAY OFFS WINNER 2013
Don't like it? Well Frack off then. Energy & progress for all.
Foe is our friend.
mitie mouse, Lancetodd, Marshy1, eccles star, Dantes Inferno, Philyourboots, biggunbrad, DAVE@CAS1990, RED LEAGUE, OzWelsh, Red-Devils-PAW, newgroundb4wakey
All blocked - Go ahead punk make my day.:11969.jpg |
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| Quote: theredshed "Yes I don't think any benefactors in RL realistically expect to see their money again.'"
I lent Steve Simms 50p once in Greggs, does that mean I can write it off
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