| FORUMS > Salford Red Devils > Rescuing the Situation |
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| Quote: GT "HMRC amount was stated as £350k at the end of the meeting. I think I misheard the Patten and Anderson amounts because I noted it down as £27k to Patten and £31k to Anderson - but at the hearing last month Patten was put down as the one owed the most. So it was either £37k and £31k or £27k and £21k.'"
I also heard 20-odd k for Patten, and more for Anderson. I think JAW said that was some kind of settled figure with Patten. As for the £350k, I understood that to be Patten + Anderson + HMRC. Roughly meaning there's 150k to banks and 1.5M to Salford council, but that appears to be tied up in the development of the Willows (or possibly the car park bit). The remaining 3M of debt to directors being turned into shares. |
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[b:2akkj491]Jeb End Reds[/b:2akkj491]
[color=#FF0000:2akkj491][b:2akkj491][url=hhtp://www/foreverreds.co.uk/:2akkj491]SUPPORT FOREVER REDS - THE SALFORD CITY REDS SUPPORTERS' TRUST[/url:2akkj491][/b:2akkj491][/color:2akkj491]
[b:2akkj491][color=red:2akkj491]MUFC[/color:2akkj491] ~ FCUM ~ [color=red:2akkj491]SRLFC[/color:2akkj491] ~ LCCC[/b:2akkj491]
[url=http://undergreylancastrianskies.blogspot.com/:2akkj491]My Blog[/url:2akkj491] ~ [url=http://www.flickr.com/photos/8580799@N06/:2akkj491]My Flickr[/url:2akkj491]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6248.jpg |
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| Quote: Red John "I didn't hear them say that. I thought they said they had a viable business plan based on reduced income, which implied a smaller gate.'"
I may have misheard, then, but I was convinced they 8k kept getting mentioned. Admittedly it was often hard work hearing the mic upstairs. |
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Bring Back The BIFF ! (Britain & Ireland Frack Free):d7dc4b20b2c2dd7b76ac6eac29d5604e_7833.jpg |
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| Quote: Huddersfield1895 "Its about to get worse for the Reds.
Nothing new to read there.
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"In his autumn before the winter comes man's last mad surge of youth." "What on earth are you talking about?":986.jpg |
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| Quote: Iain "I also heard 20-odd k for Patten, and more for Anderson. I think JAW said that was some kind of settled figure with Patten. As for the £350k, I understood that to be Patten + Anderson + HMRC. Roughly meaning there's 150k to banks and 1.5M to Salford council, but that appears to be tied up in the development of the Willows (or possibly the car park bit). The remaining 3M of debt to directors being turned into shares.'"
I recall JW mentioned 27K to Patten & 31K to Anderson + the aforementioned 50K to HMRC, however as thw WUP had the Reds account frozen , loan repayements & other debtor payments haven't been paid including More HMRC payments , most debtors & HMRC I guess would have been stalled by the often rumoured Council / Peel Loan.
Now this is not going forward I think the whole meeting was optimistic as any one the remaining creditors could drag us straight back into the London Gazette . |
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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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Does anyone know if the club would be likely to get a guarantee from the RFLC that they will have a SL place if the club went into voluntary administration?
Think it's becoming more obvious that a completely clean balance sheet for a new owner is going to be more conducive to finding a buyer.
I do worry that even if we do start the new term we will be the whipping boys which will have a knock on effect to attendances.
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| Jan 2010 | 15 years | |
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| Quote: Michigan red "Does anyone know if the club would be likely to get a guarantee from the RFLC that they will have a SL place if the club went into voluntary administration?
Think it's becoming more obvious that a completely clean balance sheet for a new owner is going to be more conducive to finding a buyer.
I do worry that even if we do start the new term we will be the whipping boys which will have a knock on effect to attendances.'"
We are the whipping boys most seasons,so don't worry, |
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| Club Coach | 710 | No
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| Oct 2004 | 20 years | |
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[b:6qpd6dos][color=#FF0000:6qpd6dos]Twitter:
@yorkshiredevils - rugby league
@squeezed_middle - everything else[/color:6qpd6dos][/b:6qpd6dos]:d7dc4b20b2c2dd7b76ac6eac29d5604e_10253.jpg |
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There's a difference between being unable to complete with the big clubs on a consistent basis and being consistently drubbed by all and sundry.
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