FORUMS > Wakefield Trinity > Salford placed in special measures |
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65068_1324055672.jpg What's pink & hard first thing in the morning?
The financial time crossword
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| Quote: FIL "Salford council have now fully bought the AJ Bell Stadium so to celebrate, Salford have now signed David Nofoaluma from Wests Tigers...
They're still not going to be primary tenants, so other than securing the lease to ensure their participation in SL its doesn't score them any extra IMG points (unless my understanding is wrong) I bet there is a lot of salford city council tax payers not happy about the use of these public funds
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| They have only sold 700 season tickets, hopefully a few more get on board now for them.
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| Quote: Wildthing "They have only sold 700 season tickets, hopefully a few more get on board now for them.'"
Given the uncertainty about if / where they would be playing, this is probably understandable.
Like every other club, they need some stability before they can grow and since Koucash left, they haven't had any..
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65068_1324055672.jpg What's pink & hard first thing in the morning?
The financial time crossword
[url=http://imageshack.us/photo/my-images/864/pinkhards.jpg/:39bjthd5][img:39bjthd5]http://img864.imageshack.us/img864/5724/pinkhards.jpg[/img:39bjthd5][/url:39bjthd5]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65068.jpg |
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| Quote: wrencat1873 " since Koucash left, they haven't had any..'"
You could ague that they didn't have any when he was there, left them with more debt than when he started and no progress on the ground
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| Quote: FIL "Salford council have now fully bought the AJ Bell Stadium so to celebrate, Salford have now signed David Nofoaluma from Wests Tigers...
No they haven't.
The council have voted to be willing/intend to take full ownership of the stadium. Now they have to negotiate a deal with Peel Holdings to try and agree a purchase price with them.
If and when it happens, it won't be any time too soon.
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| Quote: dboy "No they haven't.
The council have voted to be willing/intend to take full ownership of the stadium. Now they have to negotiate a deal with Peel Holdings to try and agree a purchase price with them.
If and when it happens, it won't be any time too soon.'"
Hope they have better luck dealing with them than Doncaster Airport....
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| All clubs are doing everything possible to be in the top 12 decided by IMG’s ratings. I bet there are supporters at every club not A rated looking for any negatives from the other teams. I suppose this is an attempt to calm any internal fears they may hold regarding Trinity’s own status. We know what we need to do and now we are capable of meeting these requirements to stay in the top 12.
The other clubs also know but based on the provisional ratings they have to do more to pass us and we will be adding further known points not considered in the provisional ratings.
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| Are they out of special measures now ? I guess they must be
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| Quote: djcool "Are they out of special measures now ? I guess they must be'"
Haven’t seen anything. They’ve signed a few whilst in them so suspect they will be in special measures until their situation improves.
Personally had it not been for two reasonably successful seasons on the pitch I think Salford would have really struggled and collapsed as a club. Their recent finals etc have pretty much kept their head above water but one bad season and could all go pear shaped for them.
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https://www.manchestereveningnews.co.uk ... s-28753140
Never known anything like this. It's loan after loan plus player sales and fan investment, possibly best part of £1m to keep running.
I don't see how any sort of deal on the stadium changes that kind of operational deficit.
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https://www.manchestereveningnews.co.uk ... s-28753140
Never known anything like this. It's loan after loan plus player sales and fan investment, possibly best part of £1m to keep running.
I don't see how any sort of deal on the stadium changes that kind of operational deficit.
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65068_1324055672.jpg What's pink & hard first thing in the morning?
The financial time crossword
[url=http://imageshack.us/photo/my-images/864/pinkhards.jpg/:39bjthd5][img:39bjthd5]http://img864.imageshack.us/img864/5724/pinkhards.jpg[/img:39bjthd5][/url:39bjthd5]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65068.jpg |
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| Quote: Khlav Kalash "https
Interesting quote from the leader of the conservatives on the council
"This is not the first time it's happened, over the last few years we've had urgent requests for money because they'd run out. This is the club that will be paying rent on the stadium, if they can't even afford to run the club how can we justify buying it without sufficient income? The whole thing doesn't stand up."
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Top six 2005 - Trinity.: |
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| Quote: financialtimes "Interesting quote from the leader of the conservatives on the council
And they are in special measures and have signed a few players including a big signing couple weeks ago from nrl whilst in them. Who signs off on that? It stinks. They should cut their cloth and rely on loans or younger players then maybe they wouldn’t have the begging bowl out or the public of Salford wouldn’t be paying for these signings and to keep them afloat.
What is the purpose of special measures?
I dare say Salford have been hanging on a while now and if not for these things and some reasonable success on the pitch recent years they would be in real danger of folding as a team or diving towards lower leagues.
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simpsons/simp006.gif :simpsons/simp006.gif |
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| For all clubs, achieving an "A" grade is the only way to be certain of SL status.
Without it, the future will be volatile.
How and if we can get there has to be the no 1 aim.
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| THIS is the hilarious bit..
A club spokesperson saidthe perpetual false narrative that the club seemingly does not pay its way, we would also like to be clear that the club have paid and continue to pay rent on a monthly basis that is higher than any amount paid by any of the club’s previous ownership since moving into the Salford Community Stadium."
So, they still don't pay full rent - just more than the last owners - and think that that means they are paying their way!
Utter sham of a club!
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Top six 2005 - Trinity.: |
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| Quote: dboy "THIS is the hilarious bit..
A club spokesperson saidthe perpetual false narrative that the club seemingly does not pay its way, we would also like to be clear that the club have paid and continue to pay rent on a monthly basis that is higher than any amount paid by any of the club’s previous ownership since moving into the Salford Community Stadium."
So, they still don't pay full rent - just more than the last owners - and think that that means they are paying their way!
Utter sham of a club!'"
Last probably paid like minimal but this could even just be half rent or less. That statement doesn’t tell you anything.
Off the field Salford are a bit of a basket case who are pumping the money into a playing squad it seems that’s not sustainable.
I bet these money injections though count as a positive on the finance img as external funding brought in which if that’s the case would truly be laughable. They are lifelines to keep the club alive. If they stop then it will likely mean Salford going into admin.
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