Quote Daddycool="Daddycool"A clean sheet? You must be joking!
He honoured all the season tickets that had already being purchased
Missed out on all the shirt sales
Honoured all the boxes and sponsorship that had already been paid
Paid players for the half of the month before he took over
And settled all rugby related debts pertaining to the old regime before the rfl would grant the purchase out of administration
Add that little lot up vorderman?'"
Read your post to which I replied.
You said Glover
had to honour a massive amount of debt from the previous regime
Of all those above he had no obligation to honour anything other than the bit regarding the RL which I admit I know nothing about. I would be interested to know what that was.
He chose to honour season tickets and box sales as a good will gesture and obviously for sound business reasons.
Shirt sales, well he missed the boat on those for that season, however he also missed having to run the club for the off season. That period between October and Feb is the most difficult of all to manage and the shirt sales and season tickets are used to fund that gap. So I would say they cancelled each other out. However which ever way you look at shirt sales they are only a missed business opportunity and not a debt, so knock those off your list.
The point is AG is a business man he will have known that when he took over the club exactly how much it would cost him. He will have also have known about the loss of shirt sales and all the other points you raised.
Knowing all this he obviously thought he was paying a fair price considering he had missed the commercial opportunities from the earlier part of the season. So I would say he went into it with his eyes wide open and happy with the terms of his purchase and he has not been saddled with anything from the previous regime.
I will simplify the situation, you buy a second hand car, you know it needs a service and some money spent on paintwork and you can see a couple of tyres are worn. You therefore factor those costs into the buying price.