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Post by JJR on Jan 9, 2018 10:22:46 GMT
As he said he would do, he's giving the club to the fans. May not be your favourite person but he saved the club from administration, invested in the club, brought in quality players, took us to the best league position and a semi. And I for one enjoyed the ride.
His big mistake in my eyes was his first appointment...Noble....who destroyed the then team and the club by bringing in players of dubious background, (cocaine) and players past their sell by date.
As MK said if he'd have got Sheens initially the dream would have come true.
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Post by Chico on Jan 9, 2018 10:23:37 GMT
Am I missing something or are we in danger of a points deduction ? - Whilst the club hasn't gone into administration, one company with big debt has been wound up and a new company has been formed, without taking on any of the debt ? I'd like to think the new board got some sort of assurance from the RFL that there would be no points deduction before progressing the takeover/sale/change of ownership/ whatever it is. The RFL had to agree to the new structure, so you’d imagine they are fine with it without penalty. |
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Post by JJR on Jan 9, 2018 10:23:55 GMT
Look at the background of the new chairman. He's the expert in guidance in these matters.
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Post by Deleted on Jan 9, 2018 10:37:51 GMT
Does that have consequences from the RFL for the club?
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Post by bonitared on Jan 9, 2018 10:41:40 GMT
Am I missing something or are we in danger of a points deduction ? - Whilst the club hasn't gone into administration, one company with big debt has been wound up and a new company has been formed, without taking on any of the debt ? I'd like to think the new board got some sort of assurance from the RFL that there would be no points deduction before progressing the takeover/sale/change of ownership/ whatever it is. No need to overthink this. If one company has sold the club onto another and then wound up,so what ? Agree that we need to look forward. The position seems to be that MK has been as good as his word and handed the club to the fans,hence it’s a not for profit company, but presumably written in safeguards in case a new benefactor emerges,in which case his debt would presumably need to be paid off. The key thing going forward is finance,particularly as we have an insolvency expert in charge and who’s firm was involved in the old Wilkinson debt collection,I think. Looks like we start with a clear run in making the finances work so it’s crucial that all those who would have willingly chipped in £200 to save the club,now buy a season ticket. No excuses anymore,no moaning about attendances. Bottom line is that if the club can’t raise the money to pay its running costs it simply won’t survive in Superleague ,so c’mon. |
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Post by manny on Jan 9, 2018 12:32:07 GMT
I think at the very least these new trustees need to be given a chance before cold water is poured over the new structure. Do I think it's going to easy for them keeping the club afloat let alone increasing revenue and profile? No it's a mammoth task considering the lack of appetite for rugby league in Salford. My biggest fear is without major financial beneficiaries I can't see how the club can afford a competitive SL squad going forward whilst keeping it's head above water.
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Post by boggles61 on Jan 9, 2018 15:27:08 GMT
What concerns me is two things , does this board have the financial clout to make us viable let alone competitive and secondly and perhaps more importantly , what ha happened to the "debt" ? It has been stated the old holding company has been wound up but what has happened to the debt , particulary the council debt ??
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Post by dixon13 on Jan 9, 2018 15:40:52 GMT
All we can do his go.And hope.
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Post by hillbillyred on Jan 9, 2018 16:14:44 GMT
Like many on here, I was born in Hope.
The issue the new board has is our history: continuous let-down of hopes and continual despairing fans (both real and targetted). Maybe, we will turn a corner. Maybe.
Oct 2016, the first half of the semi, v Huddersfield last season, etc. etc. Please can we have more.
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Post by manny on Jan 9, 2018 16:17:06 GMT
What concerns me is two things , does this board have the financial clout to make us viable let alone competitive and secondly and perhaps more importantly , what ha happened to the "debt" ? It has been stated the old holding company has been wound up but what has happened to the debt , particulary the council debt ?? I'd imagine the council debt to be a drop in the ocean compared to the massive debts accumulated over the previous 5 years since MK took over. I can only imagine Koukash has written off this debt as personal loans (or given guarantees) to pacify the RFL and allow the club to continue without severe disciplinary penalties. I'm sure I read last year that the council had extended the pay back period by a number of years and have continued to give the club a repayment holiday. |
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Post by bonitared on Jan 9, 2018 16:19:39 GMT
Forget the debt,we have an insolvency expert at the helm,and he’s a long time supporter.
We can only control the controllables so it’s time to shape up and go forward
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Post by Deleted on Jan 9, 2018 16:48:30 GMT
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Post by dixon13 on Jan 9, 2018 17:06:07 GMT
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Post by bonitared on Jan 9, 2018 17:09:54 GMT
Yes,it’s the ‘not for profit’ bit which appeals to its editorial staff,nearest thing to a cooperative,by the people,for the people. The club should have an easier ride now |
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Post by Deleted on Jan 9, 2018 18:00:08 GMT
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