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Post by redunderthebed on Nov 3, 2020 17:13:30 GMT
Just when you thought 2020 couldn’t get any worse...
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Post by gadger on Nov 3, 2020 17:21:05 GMT
Just when you thought 2020 couldn’t get any worse... Where’s this being mentioned? |
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Post by mrg on Nov 3, 2020 17:22:03 GMT
is it definately us or are you guessing ?
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Post by redunderthebed on Nov 3, 2020 17:25:38 GMT
It’s all over Twitter now. I saw it as a report from Ross heppenstall, not one for making stuff up
Unpaid debt from 2013. Says it will be applied as three 2020 wins deducted. More details to follow
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Post by redunderthebed on Nov 3, 2020 17:26:31 GMT
From rugbyleaguehub.com
BY ROSS HEPPENSTALL
Exclusive: A Super League club has been hit with a six-point deduction from the RFL over a long-standing debt.
After failing to honour a financial committment agreed to seven years ago, Salford Red Devils have been docked six points – three 2020 Super League wins.
In January 2013, the Salford Football Club (1914) Limited entered into a Company Voluntary Arrangement (CVA) and a new company, Salford City Reds (2013) Limited, was subsequently approved by the RFL Board.
A condition of being granted RFL membership was that the club fund the CVA of the old company and that, if the CVA fails, then “the new club would be deducted six points in the playing season in which the default occurs”.
The CVA has now failed, leading to Salford being docked six points which ends any outside hope they had of making the play-offs as a 'stand-by' side.
The three-win deduction takes immediate effect, but does not relate to Salford City Reds (2013) Limited or impact any of that company’s debtor or creditor relationships.
More to come.
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Post by reddevil89 on Nov 3, 2020 17:28:33 GMT
Doesn't mean alot with no relegation this season, unfortunately now though we won't be a stand by team
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Post by gadger on Nov 3, 2020 17:28:53 GMT
Haven’t we already been punished once for this? On the face of it doesn’t seem fair
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Post by russ on Nov 3, 2020 17:44:55 GMT
Just shows I made the right decision.
Take care of yourselves everyone.
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Post by twistthemellonman on Nov 3, 2020 17:46:29 GMT
Just shows I made the right decision. Take care of yourselves everyone. you still not left yet? |
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Post by bonitared on Nov 3, 2020 17:59:25 GMT
It is what it is,and if this was what was agreed at the time,then so be it.
As we were only on standby it looks like they’ve actually done us a favour by clearing it out now
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Post by tony13 on Nov 3, 2020 17:59:54 GMT
Doesn't mean alot with no relegation this season, unfortunately now though we won't be a stand by team Why "unfortunately"? Surely you don't want the club to be kept hanging around on the off chance? A clean, early break has got to be better. |
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Post by reddevil89 on Nov 3, 2020 18:02:35 GMT
We'd have made GF, that's why unfortunately 🙂
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Post by bonitared on Nov 3, 2020 18:06:42 GMT
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Post by kitch on Nov 3, 2020 18:13:54 GMT
It feels like a kick in the teeth, but we ain’t going to win anything this year even if we end up as reserve team. Too many injuries, just too far to go. Best to take the rest, plan for next year and be grateful this didn’t happen any time it might have mattered. It changes nothing.
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Post by Rossy on Nov 3, 2020 18:15:40 GMT
Just glad points taken off us this year. So the debt started under koukash. Even to this day the guy gets on my nerves.
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