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Debt
Nov 11, 2020 16:43:23 GMT
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Post by dixon13 on Nov 11, 2020 16:43:23 GMT
We had 6 points deducted by the RFL because of a debt.
As that debt been payed or could we get points deducted again if so when,anybody know.
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Debt
Nov 11, 2020 16:45:02 GMT
Post by bonitared on Nov 11, 2020 16:45:02 GMT
We had 6 points deducted by the RFL because of a debt. As that debt been payed or could we get points deducted again if so when,anybody know. The Club is now debt free,first time in 20 years or more. Blease referred to this in his statement yesterday |
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Debt
Nov 11, 2020 16:51:12 GMT
Post by Deleted on Nov 11, 2020 16:51:12 GMT
My worry is a points deduction or fine for not being able to field a team for the Warrington fixture.
It would be very RFLesque to hand out some punitive measures down the track for that.
Though can see that with the promotion by vote of a team to replace Toronto that relegation next season will be scrapped.
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Debt
Nov 11, 2020 16:54:42 GMT
Post by bonitared on Nov 11, 2020 16:54:42 GMT
My worry is a points deduction or fine for not being able to field a team for the Warrington fixture. It would be very RFLesque to hand out some punitive measures down the track for that. Though can see that with the promotion by vote of a team to replace Toronto that relegation next season will be scrapped. Points deduction won’t happen,relax. Dont think relegation will happen either |
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Debt
Nov 11, 2020 16:56:47 GMT
Post by salford1961 on Nov 11, 2020 16:56:47 GMT
My worry is a points deduction or fine for not being able to field a team for the Warrington fixture. It would be very RFLesque to hand out some punitive measures down the track for that. Though can see that with the promotion by vote of a team to replace Toronto that relegation next season will be scrapped. If they do MR then St Helens refused to travel to Catalans and I think Leeds turned a game down too. Mind you, there are different rules in RFL Land depending on which team is involved  |
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Debt
Nov 11, 2020 18:36:21 GMT
Post by JJR on Nov 11, 2020 18:36:21 GMT
We may have got rid of the CVA so in a far better place but are we debt free?
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Debt
Nov 11, 2020 18:38:08 GMT
Post by bonitared on Nov 11, 2020 18:38:08 GMT
We may have got rid of the CVA so in a far better place but are we debt free? Yes |
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Debt
Nov 11, 2020 19:28:06 GMT
Post by JJR on Nov 11, 2020 19:28:06 GMT
Very unusual in a sports business to have no operational debt?
But BR as ever has the inside take
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Debt
Nov 11, 2020 20:10:29 GMT
via mobile
Post by redunderthebed on Nov 11, 2020 20:10:29 GMT
I don’t think we can run much operational debt can we? we don’t have anyone to guarantee it apart from King and Roslers homes and I’m not sure they want to put them at risk. Maybe a bit of a bank overdraft facility but that won’t run to much. From what I’ve understood from Paul Kings interviews we’ve been running at break even over the last few years
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Debt
Nov 11, 2020 21:55:43 GMT
Post by JJR on Nov 11, 2020 21:55:43 GMT
No idea only the Board of the Community Club know the fine financial detail
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Post by bonitared on Nov 12, 2020 9:08:22 GMT
I don’t think we can run much operational debt can we? we don’t have anyone to guarantee it apart from King and Roslers homes and I’m not sure they want to put them at risk. Maybe a bit of a bank overdraft facility but that won’t run to much. From what I’ve understood from Paul Kings interviews we’ve been running at break even over the last few years Correct. I had assumed you were talking about historic debt from the Wilkinson and Koukash years. That’s gone,we’ve been assured by Blease and Rosler. Anything secured against homes will be the bank overdraft,basically, so that’ll be under control. If that’s the case,we can all rest a bit easier,I think |
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Deleted
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Debt
Nov 12, 2020 9:31:14 GMT
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Post by Deleted on Nov 12, 2020 9:31:14 GMT
Surely this makes a much more appealing opportunity for any investors.
Having the captain of the ship still around would have helped though.
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Debt
Nov 12, 2020 9:49:01 GMT
Post by bonitared on Nov 12, 2020 9:49:01 GMT
An investor in rugby league is an oxymoron.
You mean ‘benefactor’,and I agree
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Debt
Nov 12, 2020 10:08:06 GMT
Post by JJR on Nov 12, 2020 10:08:06 GMT
interesting your views BR looking from the inside out. Good to have someone with the inside knowledge on Board.
Is that a Salford Grammar jersey?
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Debt
Nov 12, 2020 10:23:27 GMT
Post by bonitared on Nov 12, 2020 10:23:27 GMT
I certainly don’t have inside knowledge of the board.
Yes,it’s SGS
Name that team !
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