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Post by russ on Nov 26, 2024 19:02:45 GMT
Sorry Chief but I couldn't read that, is it published elsewhere or can you summarise? It says RFL will appoint a person or company to oversee the financial planning to make sure we have costs covered. If not, cuts may need to be made. Player wages being biggest possible saving. not sure if it’s all rubbish but first I have seen about direct involvement as opposed to overseeing. Thanks Chief much appreciated .... that seems to be a different tack from the original story and not so much the promised help as punitive in the offing!
Also all this idea that you don't make decisions on predicted outcomes is hogwash that's all businesses ever do! And that's why so many have cash flow problems sort like the pimples as a symptom of the disease capitalism.
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Post by red54 on Nov 26, 2024 19:04:11 GMT
Oh for a fraction of the Money Jim Ratcliffe is putting into United……
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Post by russ on Nov 26, 2024 19:09:59 GMT
There was no way this was ever going to be the case and this story may just be a bit of undermining of TO so the Bulls can be lined up.
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Post by worsleyreddevil on Nov 27, 2024 6:34:55 GMT
SH, totally untrue….the only reason I post is concern about our situation..You of course won’t read this but if you did you’d realise that: In reality now it now appears the Club is in Special Measures…like being in Administration without its severity…the RFL will probably appoint somebody to dissect our finances and in th3 short term we’re likely to have to cut costs…maybe reduce our playing staff bill…I sincerely hope not but this is reality Anyway I’ve said enough…but I’ve bought my season ticket…so I’ll leave it to those who think positive thoughts and I hope your thoughts come true Whilst some folk on here make out JJR is some kind of pantomime villain with a historic vendetta against the club, he’s only asking some very honest questions of the club. What happened to the 365k raised in community shares? What happened to the funds raised by player sales? Why we in special measures again pleading desperation yet board members get promotions, we hire new staff, sign players we can’t afford. What was the point of the CBS, the clubs board do what they want anyway. Worst of all no explanation will be given on the latest financial crisis until February 2025. I’m an owner and ST holder and do believe a lack of explanation and transparency on the above is not acceptable. |
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Post by Carnster on Nov 27, 2024 7:00:09 GMT
I don't think there's any great mystery as to monies. Money gets spent not only on bills, but trying to put in place measures to avoid having to do so in the future. If we didn't hire new staff or sign players then the club goes down hill on and off the playing field. I'm not sure what people are expecting. Money is raised to be spent where it needs to be spent. If they raised money and nothing happened we'd all be questioning the worth of the venture. We raise money and spend it in key areas on and off the field and we still sit here questioning. I don't really get that. I mean, it's okay to ask, but I'm not sure continually asking after seeing where the money goes is that productive. At least, to me, I don't really understand that part.
As to transparency, well, it is what it is. I don't see much point in the club airing their financial dirty laundry for all to see, just to appease a few interested parties. How many other RL teams comfortably open up their financial dealings for all to see? None is the answer. They're all struggling to some degree.
I don't think JJR is a pantomime villain, or anyone else with legitimate 'concerns'. But I think a lot of people are either over-thinking it, or trying to prove a personal point.
It's sport. It's part of the ebb and flow of the fortunes of sporting institutions. With us, it's all about how we survive without any money. That's pretty simple to me.
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Post by JJR on Nov 27, 2024 8:27:00 GMT
Yes it’s simple C
We spend too much money each year
We don’t generate enough money each year
If you don’t want people to ask questions about the running of the Club…transparency ets…don’t ask them for hard earned money to become shareholders and season ticket holders then end up with the Club in special measures. People invest and expect to know what’s happening to their money by those who are paid to manage it. Is it not normal to ask about the management/ mismanagement of assets as a shareholder?
It seems one or two have got it right on here…why bother buying shares or season tickets….just turn up when you wish and watch whatever’s there…don’t invest money or time
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Post by themaskedavenger on Nov 27, 2024 9:08:50 GMT
I don't think there's any great mystery as to monies. Money gets spent not only on bills, but trying to put in place measures to avoid having to do so in the future. If we didn't hire new staff or sign players then the club goes down hill on and off the playing field. I'm not sure what people are expecting. Money is raised to be spent where it needs to be spent. If they raised money and nothing happened we'd all be questioning the worth of the venture. We raise money and spend it in key areas on and off the field and we still sit here questioning. I don't really get that. I mean, it's okay to ask, but I'm not sure continually asking after seeing where the money goes is that productive. At least, to me, I don't really understand that part. As to transparency, well, it is what it is. I don't see much point in the club airing their financial dirty laundry for all to see, just to appease a few interested parties. How many other RL teams comfortably open up their financial dealings for all to see? None is the answer. They're all struggling to some degree. I don't think JJR is a pantomime villain, or anyone else with legitimate 'concerns'. But I think a lot of people are either over-thinking it, or trying to prove a personal point. It's sport. It's part of the ebb and flow of the fortunes of sporting institutions. With us, it's all about how we survive without any money. That's pretty simple to me. I pretty much agree with all of the above. With the exception of the members of the board who are involved in making the financial decisions, then the detailed finances which are public should be kept at a very high level - income headlines (central funding/tickets/grants/loans etc) and the same with expenditure (ground costs/staffing costs on and off pitch), no more than that. Once the nitty gritty gets into the public domain then it immediately weakens the club in terms of any negotations in relation to agents, lets other clubs know they can outbid us for potential targets etc. In any other area you wouldn't be telling all and sundry what your budget was - if you approached a letting agent trying to find premises to rent, and you started your negotiations with "I can afford to pay £1500 per month", I can guarantee they won't show you the places available for £800, because their cut of the deal will be smaller. With the club, an understanding that 'we need this money to cover our day to day expenses, as our other income streams aren't CURRENTLY high enough' should be all the information you need to decide whether or not you want to invest. |
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Post by JJR on Nov 27, 2024 9:40:52 GMT
TMA I would agree with most of that, but as investors and supporters ’we know nothing’…sadly the only time real communication is made is when money required…even about players, sponsors, shirts etc
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Post by russ on Nov 27, 2024 9:46:36 GMT
SH, totally untrue….the only reason I post is concern about our situation..You of course won’t read this but if you did you’d realise that: In reality now it now appears the Club is in Special Measures…like being in Administration without its severity…the RFL will probably appoint somebody to dissect our finances and in th3 short term we’re likely to have to cut costs…maybe reduce our playing staff bill…I sincerely hope not but this is reality Anyway I’ve said enough…but I’ve bought my season ticket…so I’ll leave it to those who think positive thoughts and I hope your thoughts come true So for asking for money that is ours for next season anyway we're placed in special measures so other SL clubs can help us by taking playing staff off our hands out of the goodness of their hearts. And all done with a bit of legerdemain so it doesn't look like they're up to any skullduggery etc.
No one here thinks only positive thoughts JJR in fact we could do with a few months of positivity on here and a lot less jiggery-pokery from the wonderful RL family.
However, I want to say that your posts are always about your concern and support for SRD.
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Post by russ on Nov 27, 2024 9:47:45 GMT
I don't think there's any great mystery as to monies. Money gets spent not only on bills, but trying to put in place measures to avoid having to do so in the future. If we didn't hire new staff or sign players then the club goes down hill on and off the playing field. I'm not sure what people are expecting. Money is raised to be spent where it needs to be spent. If they raised money and nothing happened we'd all be questioning the worth of the venture. We raise money and spend it in key areas on and off the field and we still sit here questioning. I don't really get that. I mean, it's okay to ask, but I'm not sure continually asking after seeing where the money goes is that productive. At least, to me, I don't really understand that part. As to transparency, well, it is what it is. I don't see much point in the club airing their financial dirty laundry for all to see, just to appease a few interested parties. How many other RL teams comfortably open up their financial dealings for all to see? None is the answer. They're all struggling to some degree. I don't think JJR is a pantomime villain, or anyone else with legitimate 'concerns'. But I think a lot of people are either over-thinking it, or trying to prove a personal point. It's sport. It's part of the ebb and flow of the fortunes of sporting institutions. With us, it's all about how we survive without any money. That's pretty simple to me. Spot On!
I think the club played a blinder with the powers that be this time, not for asking for the money they're completely entitled to but their actions beforehand absolutely brilliant! And sadly, unlike moving monies in and out and putting up screens in crap grounds it won't score IMG points. The board gets far too much stick but all of this was tremendous strategy from people who know how the powers that be work. Further to this: If Wigan asked for the money early does anyone think they'd be in special measures ?
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Post by russ on Nov 27, 2024 10:01:39 GMT
I don't think JJR is a pantomime villain, No, he's a film star and character from a novel
"Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
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Post by JJR on Nov 27, 2024 10:12:08 GMT
Right guys it’s getting too much about me, so I’ll leave it a bit
But remember everybody was positive on the Titanic…I’ve been hoping some would see the icebergs
Enjoy positivity guys…and believe it or not I’m an optimist, but also a pragmatist
( no Russ they’re not political parties)
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Post by russ on Nov 27, 2024 11:14:43 GMT
Right guys it’s getting too much about me, so I’ll leave it a bit But remember everybody was positive on the Titanic…I’ve been hoping some would see the icebergs Enjoy positivity guys…and believe it or not I’m an optimist, but also a pragmatist ( no Russ they’re not political parties) No need to go JJR and even on the Titanic when they saw the icebergs they thought is was still okay!
It May be that staring adversity in the face or even a guy with a scythe just isn't what people want to spend their time doing?
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Post by dixon13 on Nov 27, 2024 15:25:31 GMT
Oh for a fraction of the Money Jim Ratcliffe is putting into United…… [br Why What's scruffy Jim put in.He has made people redundant canncelled the Christmas party Upset the disabled supporters tried to get players on City's aeroplane and to top it all he wants public money to build a Wembley of the north that England will never play in,no he has got enough to do fixing the roof he would be alright with Derek at Leigh. |
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Post by Carnster on Nov 27, 2024 15:26:31 GMT
Yes it’s simple C We spend too much money each year We don’t generate enough money each year If you don’t want people to ask questions about the running of the Club…transparency ets…don’t ask them for hard earned money to become shareholders and season ticket holders then end up with the Club in special measures. People invest and expect to know what’s happening to their money by those who are paid to manage it. Is it not normal to ask about the management/ mismanagement of assets as a shareholder? It seems one or two have got it right on here…why bother buying shares or season tickets….just turn up when you wish and watch whatever’s there…don’t invest money or time I don't actually disagree with you on too much. However, it baffles me why some fans only ever contribute to negative discussion, or at least appear to. It's a RL club. Like any religion, RL is something you're supposed to enjoy, but in effect a lot of those faithful seem to suffer it. Go outside and enjoy the fresh air for a bit. But don't leave here forever. Just do a Russ, and make a dramatic exit only to reappear like nothing happened a week later... |
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