Its possible i worked for a company that did it twice

Very interesting, thanks for explaining how it works.

Yes I know, that's why I thank you for your concise explanation, I looked at the thread and didn't fancy trawling my way though it.

The club for me is undertaking a full root and branch streamlining operation as anyone would do given that the team did not finish high enough on the pitch to trigger the + £1 million of central funding next season, cutting the cloth accordingly to ensure that liabilities (players contracts for 2019) it can no longer afford are removed and it therefore can continue as a going concern with the reduced revenue levels, not to mention to make it a more attractive proposition with out the said liabilities for any potential investors.

Necessity now dictates, and the business plan surely is that Sporting Club Leigh will have to be a PT operation for 12 months.

I believe contracts have started to be offered for next season, including to one player from St.Helens who made his debut on Sunday.

I’m not privy to the ins and outs of the club like some on here, I have and always had mixed views on DB and previously questioned even when things were going well what would happen to us should he walk away (again), but hopefully continuing as a going concern even if PT has to be a step in the right direction.

It would be interesting to see that Business plan.

As for investors do we know what type of investors DB is looking for, full take over or additional help?

Wasn’t there a comment somewhere about us possibly having to become a community club with DB putting £100k in the pot?

Has the man with the Jaguar lost interest?

Was this the same man with £120M buying LSV?

Is there any merit on Mo’s supporters (small) investment scheme? How big a take up would this be? And how much are we talking?

Wonder what the funding gap between PT and FT is?

What if for those who could afford it if the club introduced a ‘Silver Lining’ season tickets costing say £500? Would there be any takers?

I know there are already avenues for supporters to ‘donate’ monies to the club, and I’m in no way knocking those. And I would have donated to the player fund on Sunday had I known about it.

PS Harold the above aren’t aimed at you specifically just me wondering where we’re going, how and who’s taking us.

That might suggest that the club has identified a sustainable way forward and is activating it.

Great questions , all of them and I wish I had the answers but sadly I do not.

Atomic may know more about the £120 million offer as I heard it first on here , from him.

What I do know about DB is that he can change his mind at the drop of a hat. Sadly.

I am absolutely staggered by this rumour (I won't call it news as it is not official, not because I don't believe it). It's not so much that the club is in a position to offer a contract (although that is somewhat surprising), but that there is someone out there who would even give Leigh a moment's consideration given the debacle we are currently experiencing! They must have been given some pretty firm assurances that they we in a position to offer contracts and will remain so. It also seems to fly in the face of trying to argue that the club cannot afford to meet its existing contractual commitments when it's entering into new ones.

Anyway, it surely implies that DB is staying on, unless some mystery wealthy backer has suddenly emerged from the woodwork!

All this true meeting yesterday and outcome is only rfl money will be used on players so we will only have who we can get unless we get someone wins euro millions

TBH, I hope you get sorted out sooner rather than later.

As a Bradford fan, I know that it's the uncertainty that is the worst part. Still, you've got a decent ground and a lively supporter base. It may take a few years of belt-tightening to get the books balanced, but I'm sure there'll still be a club for you to support at the end of it all

The offer for the stadium was £65 million, that was declined as in buy all or nothing. £122 million was then put on the table which included the club. Lets not beat about the bush. DB holds 56% of Leigh Centurions,he doesn't hold 56% of the LSV.

Ball still in his court were the Leigh Centurions are concerned. But thats all.

Some sound knowledgable posts at last, my only query is that Tuupe is not applicable to contracts just Paye but I am not sure on that and is not applicable to an admin sale otherwise newco has the same unsustainable liabilities