FORUMS > Leigh Leopards > Too many questions unanswered |
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| Quote: DemonUK "If a club has been left debt free as reported, how is that financial mismanagement?'"
I just hope it's true!
However if there are no plans in place to continue after AT has pulled out then that is financial mismanagement.
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| If your that concerned ring 01942 487887
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| i dont see why everybodys jumping down everybodys throats! were all just wondering whats happening!
the club need to hurry up and release a frigging statement!
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| Quote: DemonUK "If a club has been left debt free as reported, how is that financial mismanagement?'"
My only concern on that statement is the 'Directors Loans' showing in the company accounts, if these are wrote off we are debt free, if they are pulled in we go bump - ie it looks like AT covered the shortfalls/paid the bills via directors loans, which seems to be standard practice in sport btw.
The immediate concern was replacing AT's monthly loan, without that we have/had a short term problem and I believe that is where the gap between income and outgoings was stated to be £100k this season.
Long term we need to fill the gap via income and cost controls, that means increasing gates, renegotiating with LSV on both cost and retained income, external income from investment/donations.
I hope we can put solutions in place this week.
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| Personally I don't see anything wrong with posters asking questions on here
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| Fans do not have the data to answer many being asked, they should be directed via email/phone to the club. At present the club are choosing not to communicate, which is not helping the situation imho.
Lets hope for some news, good news, soon.
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| Yes your right but they shouldn't get shot down for doing so we never know it could be someone who wants to help out but with some of the answers on they are getting they won't bother although probably are just interested in whats happening
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| I would imagine if they put 'I am thinking of joining Lisa but could someone tell me if Starbug wears Dicks hats?' it would get a better response than a 'new' poster asking questions nobody has factual answers to.
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| Does AT want his money back? In an email i received back from someone at the LSV it said he wasn't asking for it back. As for the other directors we don't know.
I do remember one director offering his for a penny as log as the buyer agrees to invest x into the club
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| I don't mind people asking questions - its, as someone else has said, people coming out of the woodwork at times like this. Now for all I know the OP could have been/is a salt of the earth Leigh fan who is a long standing member of LISA, season ticket holder and lottery member who has been lurking avidly on this board for the last 18 months. What we DO know is that there is a shortfall, and there is no risk of any individual on this board accidentally covering that shortfall by not knowing the full financial picture - in other words the current uncertainty should not stop you putting your hand in your pocket NOW.
What I don't understand is what people would do with all this information when they get it? Its hardly a case of "oh, now I have all my questions ticked off, here's 100 grand" - if that was the financial capability of the person posting, I would echo Lynda's suggestion that they contact the club directly. Otherwise, commit to what you can now and stay tuned for further information to come as it is available and the directors/CEO see fit.
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| Quote: maurice "I would imagine if they put 'I am thinking of joining Lisa but could someone tell me if Starbug wears Dicks hats?' it would get a better response than a 'new' poster asking questions nobody has factual answers to.'"
Well they should be either ignored or answered without the sarcasm ,there is no need for it ,I know people are very concerned at the moment and posters should probably think first before they ask a question that they know is impossible to get an answer to on here
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| I believe AT doesn't want his loans back, he is a very honourable man imo. One of the ongoing issues with the club structure is that the burden has never been equal - hence we had AT putting virtually all the money in as others put in little or nothing yet remained 'directors'. Someone taking over Starbugs offer would have put x in that the others were not oblidged to match.
The club must go in one of two ways refn funding 1. Find another AT 2. Share the burden equally as part of the articles. I strongly believe in 2 with a fans shareholding forming part of burden sharing promoting a community club.
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| There's a bog difference between being debt free and being well run financially. Hull KR accounts will show that. Big losses but all covered by directors so don't owe money out.
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| I agree with a few on here this is a fans forum to pretty much asking anything leyth, the answer to ring Leigh centurions could be applied to just about any question on here?
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| Yes I know what your saying but some "new" or rarely on here members have arose asking questions that unless there is a director or the club accountant on here, very unlikely to find a answer.
If someone wants to know these things the most senisble thing would be to ring the club.
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