I think you're crediting the people who run our club with more savvy than they deserve

I would imagine the debts are mainly to Hughes, IIRC it was Hughes and HMRC who actually lost out last time we folded too.

Someone thinks we will be saved (northern RL journo) on twitterTrevor Hunt ‏@TheTrevorHunt 2h
London won't go into administration but will be saved mark my words- at least for 2014.

All speculation. If he's wrong no one will remember and throw bricks at his window. Same with HKR owner who said the same a few weeks ago!?

London Broncos as we all knew it died in 2005........this version isn't even a pale comparison of that club and as much as I will defend it from the northern Hordes and flat earthers, I really see no benefit in dragging it on much further.

67,500+ people at Wembley and the RFL will have us believe that 50% of them are southerners......yet we struggle to get 6% of them to games

Development of players is a luxury...self sufficiency through attendances, sponsorship and corporates should have been key.....the cart before the horse is one way of putting it.

Unfortunately most people in Leigh, where TH is from, have little faith in anything the bloke writes. Hope he's right on this occassion though.

You don't need to imagine. Broncos financial return (London Rugby League Limited) up to end November 2012 published last week, signed off by D. Hughes on Nov. 12, show total liabilities just over £13m, of which £12,294,283 is down to subordinated loans from Hughes (£10,202,076) and Lenegan (£2,092,097). Lenegan's loan dates from the setting up of Harlequins RL. DH's increased from £7,707,275 during 2012, an increase just short of £2.5 m. Loss for 2012 is £2,289,975.

Financial results for 2013 are surely even worse given our dwindling attendances, so DH would have needed to pump in probably about another £3m. this year to keep the operation afloat. Little wonder that he's had enough.

He agreed to bankroll a 3 year licence period application......he has carried out 2/3rds of this and the reason he is "wavering" is because the people he employed to run the club and the team have failed catastrophically....he was warned on multiple occasions that financial stability would be delivered through increased attendances yet he blindly ignored these warnings and has driven the club to the edge.
£3,000,000 a year of £30,000,000 a year...he stood in front of the fans and told us he was backing us for 3 more years......his failings and those of his key staff have resulted in us being flogging boys in 2014 at best......or a dead club at worst.
I still say that if we survive and somehow eventually own our own ground, then name a stand after the man, but make no mistake, he is more than partly responsible for this farce........

Gus should also be recognised.

I propose a urinal named in his honour.

Which begs the question what’s the point of administration? To clear the debts the major creditor looks likely to write off anyway? It just seems like a threat to get the RFL to agree to the dispensations allegedly wanted by Rae.

I’ve always though RFL should take an more active role in the London club (I’m not sure Wood et al would be of any use) or at least try and tempt Sky to take an interest in the club and at the very least use their promotional expertise to boost the attendances and awareness of London RL.

The Angus James McKay Memorial Khazi - got a kind of a ring to it don't you think??

The one outstanding debt we seem to have will be with the training/administration office facilities that we use, we have another season agreed, and it would be too far to travel if we move to The Hive, also we may have some outstanding money due to HMRC.

Agree with thoughts on The RFL, but it never seems to be more than words, not actions?

Hetherinton is raising his head again, always seems to need to have his opinion and express it, he said at the recent meeting we made a presentation and it seemed to be assured, so he is surprised at last week's events.

I am praying this is just a scheme for Kleanthous to own 100% of the club and lose the club's obligations to Hughes, Lenagan, HMRC, Harlequins RU and everyone else, else we are done.

To be sure he wont take us on with any debts. I just don't see how even with the dispensations we are seeking that without a competitive team we can generate enough income at the gate to cover our costs. And his motives are only to generate money to make his soccer clb more viable - not less. Cas own their own ground and have decent crowds but are still losing money?