Worrying times indeed for the Nomadic London Broncos. IL was supposed to have reduced his shareholding by yesterday and still hadnt managed to do it. He has had 2 years to do this so sounds to me like no one wants to buy the shares. After all, would you buy shares in an insolvent company with no assets? No wonder the RFL are trying to publicly shame the Broncos about their abysmal crowds.

Is it just time to admit that professional rugby league in London just isnt going to work? Its no better off than it was in the Fulham days.

Are you going to add anything constructive to this thread..?

Is professional rugby league working anywhere in England? How many clubs are currently making a profit without directors loans? I reckon you'll have fingers to spare if you count them on one hand. Feel free to knock London RL but this is worryingly widespread and a three team league in a few seasons time ain't going to work...............

Why are we losing so much money? With the Sky money and supposedly low rent at quins why are we losing so much? Its not like we have a squad of superstars.

Because your costs are approximately twice your turnover. Indeed, your turnover is little more than the full salary cap + NIC for PLAYER COSTS ALONE. (Doubt you spending the full cap, though).

Its not your costs that are the problem, its your income (or lack of), a full 2/3 of which is Sky money unlike (say) Bulls etc where its less than a quarter.

(Taken or deduced from 2008 accounts).