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Post by Carnster on Dec 22, 2020 14:58:44 GMT
Iam relaxed. Currently sat bored at work.
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Post by chief on Dec 22, 2020 16:29:00 GMT
I think, compared to Premier League Football, all sports are minority sports in the eyes of Sky TV.
When se see what reduced terms are agreed for cricket, golf etc we will see how good or bad the final deal Elstone gets is.
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Post by bonitared on Dec 22, 2020 17:09:34 GMT
I think, compared to Premier League Football, all sports are minority sports in the eyes of Sky TV. When se see what reduced terms are agreed for cricket, golf etc we will see how good or bad the final deal Elstone gets is. Correct. The reality is that both cricket and golf appeal to a wider audience and therefore a wider list of broadcasters which,in turn,puts more pressure on the Sky pricing. What Elstone appears to have failed to achieve is to find a stalking horse to put pressure on Sky. I suspect he’s bust a gut,as his jobs on the line,but no ones interested at this level of price. If that’s the case,whilst I don’t blame him,his whole recruitment was based on his expertise in this area and he hasn’t delivered. Incidentally the same applies to Brian Barwick who left when his particular skill set also seemed to be diminished (that’s the cleaned up version) |
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Post by JJR on Jan 27, 2021 15:45:42 GMT
Looks like the SL has turned down the venture funds of about £60M: what a great result, standing on their own two feet. Well done.
Never do a deal for funds when you're desperate, as the old adage goes. . And where would most of the money go...into the players pockets; so effectively a few debts would be paid off, then clubs would raise the bidding stakes for players and wages would go up, until...the money runs out.
And additionally all that the funders want is a big return for their money (as they're not in it for altruistic purposes) and eventually as the money goes back out the best players go off to Oz.
Sense at last SL. If you can't earn the money don't spend it.
So where do clubs get any needed money from? Could try more Gov loans or borrow it; money's cheap now and lenders will lend IF you have a good plan. So it pushes clubs, SL, RFL to get their planning right.
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Post by bonitared on Jan 27, 2021 16:07:13 GMT
Quite correct.
The private equity deal made no sense and was never going to fly.
Where I’d criticise Elstone isn’t the fact that it cost £750,000 to abort the exercise,that’s agreed at the outset and isn’t untypical , but why the hell didn’t he take initial soundings to see what the level of interest would be at that sort of price point.
Money wasted but the right outcome
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Post by JJR on Jan 27, 2021 18:57:25 GMT
£750,000 is that correct.
We're in the wrong game; no value lawyers and accountants making lots of bread again,
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Post by bonitared on Jan 27, 2021 19:27:12 GMT
£750,000 is that correct. We're in the wrong game; no value lawyers and accountants making lots of bread again, The amount doesn’t seem to be disputed. Frankly,don’t blame the advisors. If they felt that Elstone was flying a kite,why would they commit resources? After all,they’re not rugby supporters. Not their fault at all,the exercise shouldn’t have gone that far without advance approval,subject to a certain price being achieved. Best result in the end,just a waste |
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Post by JJR on Jan 27, 2021 21:47:45 GMT
At least he assessed it. The previous incumbent would have just taken it, admitted Toronto, N York, Ottowa into SL and after 3 years we would have been a semi pro game and bankrupt
Think we have to be satisfied with at least a common sense approach by Elstone after all he's battling the idiots in SL with power and has to prove everything to them
So possibly money needed for the asssessment and proof
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