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| TBF I think clubs are 'advised' by the RFL to use O'Hara's (not neccesairily a bad thing as keeps it simple). But for a club based in North Wales to use them isn't exactly standard procedure.
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| Quote J20="J20"TBF I think clubs are 'advised' by the RFL to use O'Hara's (not neccesairily a bad thing as keeps it simple). But for a club based in North Wales to use them isn't exactly standard procedure.'"
They are - suits all parties as it keeps the costs and learning curves down, and also precisely because O'Hara's DO know how to run a RL club. At least, a damn sight better than an accounting firm with no prior experience of RL clubs.
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| Maybe your right Adeybull but why then did OHara say "The RFL have said they would fund me for a minimum of 28 days if a purchaser is not found,” he said.
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| The RFL have basically stated that they will support the admistrators and therefore the club for a minimuim of 28 days to esnure that the staff and players are not out of a lively hood should finding a buyer take longer that a few days (as in the case of Crusaders).
If they dont support the club for 28 days then logic would suggest that all the players and staff will jump ship. I think i would do if i were threatened with redundancy.
The RFL is ensuring that funds are available to pay staff and players salaries so that who ever buys the club actually has a club to buy. In essence its a loan to the club to stop it totally falling apart and actually having some staff to run the company.
I assume this is probably to stop the administartor having to sell more assets (players) to pay wages.
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| Quote The Trip="The Trip"Maybe your right Adeybull but why then did OHara say "The RFL have said they would fund me for a minimum of 28 days if a purchaser is not found,” he said.'"
Without that RFL cash flow all staff & players would become free agents and could go wherever they wished for nothing! (see Widnes 2007).
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| Should'nt it read a maximum of 28 days?
A minimum of 28 days mean they could fund us for 2-4 months, 6-8 years, ad infinitum
Sweet
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| Quote J20="J20"Without that RFL cash flow all staff & players would become free agents and could go wherever they wished for nothing! (see Widnes 2007).'"
I refer Addeybull to this quote. Do you still believe that O'Hara's did not take their lead from the RFL.
You can speak theory but I suggest you live in the real world from someone that has business experience.
Mind you the financial your club's been in you must be an Oracle!
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