Quote Aldy="Aldy"There was also a merger payment of £1.25 million. news.bbc.co.uk/1/hi/sport/rugby_ ... 521562.stm'" Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.

Quote Aldy="Aldy"There was also a merger payment of £1.25 million. news.bbc.co.uk/1/hi/sport/rugby_ ... 521562.stm'" Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.

Apologies if this has been mentioned, but they still need to balance the books. Expect the see some departures and to see them nailed on for a licence.

There were 250,000 no voting shares which all the other SL clubs subscribed to in order to make the merged club viable. These were "bought back" in 2004 (ish). The substance of these was a loan.

That's the one reaon I haven't been too quick to throw my views ino the cauldren, Hudds fan should do the same.

HMRC

Lloyd bank

With the clubs all being unanimously in support of this, you'd have to suspect they'll all also vote to keep them in SL. I personally hope so. Fingers crossed for a 'proper' buyer in the close season.

Need more information but forming a judgement, it's good news they have been saved but there isn't enough detail of what happens next for me. Also I would imagine other clubs in SL who have suffered with financial troubles might be feeling a bit bitter over this news.

Ah yes, the famous shares, chewed up by the board, not offered to anyone else as promised.

None of that statement is correct

I think frepneyboy has a bit of a personal vendetta against the previous board and directors, a touch unhealthy to have not moved on.

I've moved on, it is just amusing thinking back to what i've seen on here over the last 15 years.

I think we should all have t shirts that says "AP says relax"