304 replies to this topic

[Griff]

I wondered that, actually.

Is he talking about (a) total creditors or ( b ) the excess of creditors over assets ?

Makes a huge difference to his argument.

Can you answer this, then MjM ?

Just out of interest ?

[M j M]

Can you answer this, then MjM ?

Just out of interest ?

Total or long term liabilities. I can't quite tie his figures up - if you include the stadium owning-company of Huddersfield rather than the Giants' trading company it comes close on long term liabilities; if not you need to add current and long term liabilities together. He may have been more scientific and extracted all loans and financing arrangements from other liabilities but I can't be arsed going line by line as the answer isn't going to change

On the net asset/net liability level, in total across the eleven clubs there is an excess of assets over liabilities of £12.3m. But that ranges from £16.1m net assets at Saints and £15.5m at Leeds down to £10.7m net liabilities at London. But that in itself shows why you need to take these on a case-by-case basis as both Saints and London remain reliant on directors' support.

[Griff]

The stadium owning company feeds the soccer club as well - it shouldn't be included.

So actually - not all that much to worry about in most cases.

[The Parksider]

It's hardly a spurious point when it is the key factor in determining the financial health or otherwise of the clubs.

It's a spurious point. I accept your excellent figures.

Try to answer the actual question in debate.

If Superleague were extended by two championship clubs given that both would struggle for players and fans would the debt go up or down?

Mr. keighley thinks it's a good idea to invest in more clubs into SL who will in themselves bring more income to the table.

Is it a good idea on a financial basis?

[The Parksider]

Can you answer this, then MjM ?

Just out of interest ?

Have you grasped my point yet.

The question is as above. I accept the "better way" of expressing debt, now care to pass an opinion on wether SL debt (however calculated) would go up or down if two championship clubs came into SL to extend it to 14?

[Griff]

Have you grasped my point yet.

The question is as above. I accept the "better way" of expressing debt, now care to pass an opinion on wether SL debt (however calculated) would go up or down if two championship clubs came into SL to extend it to 14?

16, you mean, I take it.

On the assumption that all other factors remain the same (wage levels, Sky money, etc etc) obviously borrowing is likely to rise.

[The Parksider]

I take it.

On the assumption that all other factors remain the same (wage levels, Sky money, etc etc) obviously borrowing is likely to rise.

As your monetary grasp of the game is better than mine I am pleased to be in receipt of such a definitive view.

The bigger SL becomes the thinner the resources spread.

[keighley]

As your monetary grasp of the game is better than mine I am pleased to be in receipt of such a definitive view.

The bigger SL becomes the thinner the resources spread.

Unless the resources are increased.

[The Parksider]

Unless the resources are increased.

Indeed and as Paul Daniels said "just like that".

[dhw]

Which very big rival hemms in Wigan?

Leigh

[Dennis Bloodnock]

Indeed and as Paul Daniels said "just like that".

I think you are wrong again Parksider,it was the late great Tommy Cooper who said "just like that"
Paul Daniels was all for P&R ,sixteen teams and Superleague for Blackpool,

Edited by Dennis Bloodnock, 05 February 2013 - 11:09 PM.

[Northern Sol]

Indeed and as Paul Daniels said "just like that".

You are the guy who thinks that London should have millions pumped in by the RFL but have no explanation for where the money would come from...

Isn't this quip just a little but ironic?

[stewpot01]

Indeed and as Paul Daniels said "just like that".

Wrong. His catchphrase was "You're going to like this - not a lot"

Just like this thread which is now becoming bori...................zzzzzzzzzzzzzzzzzzz!

[The Parksider]

I think you are wrong again Parksider,it was the late great Tommy Cooper who said "just like that"
Paul Daniels was all for P&R ,sixteen teams and Superleague for Blackpool,

Thank you for the correction

[The Parksider]

Wrong. His catchphrase was "You're going to like this - not a lot"

Just like this thread which is now becoming bori...................zzzzzzzzzzzzzzzzzzz!

Give me the address you are at now and tell me who is forcing you to sit at your computer and follow this particular thread and I'll get a rescue team up to come and release you, however I need to know if they are armed for the safety of my team.

[Lounge Room Lizard]

If Superleague were extended by two championship clubs given that both would struggle for players and fans would the debt go up or down?

Is it a good idea on a financial basis?

If a Championship club like Fax or Fev was swapped for London, would the debt go up or down?

Is it a good idea on a finacial basis?


I want London in SL and would rather see some concessions made regarding Sky money to help them. But I dont want them in or anybody in SL at any cost. And its not a question of how much money SL in total has or hasnt it how that money is used by clubs.

Sadly virtually all clubs over the years have wasted it instead of using it wisely. The term "live for now for tomorrow we die" is one that could easily be the games motto. Very little has been invested in the future despite the hundreds of millions maybe billions that SL clubs have collectively received over the years

[Griff]

Indeed and as Paul Daniels said "just like that".

Presumably if Sky wanted a bigger league they'd be prepared to pay for it.

But, as Sky gravitate towards the top clubs, I suspect they'd like the opposite.

Maybe they'd be prepared to pay for a reduction !!

[Griff]

If a Championship club like Fax or Fev was swapped for London, would the debt go up or down?

Fax currently make a profit but they have historic debt.

Fev are the opposite. They make a loss but have historic assets which they are frittering away.

[Lounge Room Lizard]

Fax currently make a profit but they have historic debt.

What Historic debt do you mean? The current club has NO debts as such. The article from 2010 confirms this http://halifaxrlfc.c...le.php?id=20637 To quote what still current director Ian Croad said "We’re debt free and we may make a small profit this year, which is a big achievement in the present climate....and the business is thriving." And Fax have made small profits without support from directors the past 3 years/seasons.

[Griff]

What Historic debt do you mean? The current club has NO debts as such. The article from 2010 confirms this http://halifaxrlfc.c...le.php?id=20637 To quote what still current director Ian Croad said "We’re debt free and we may make a small profit this year, which is a big achievement in the present climate....and the business is thriving." And Fax have made small profits without support from directors the past 3 years/seasons.

Not what their November 2011 accounts show.......

Tangible Fixed Assets £11317

Current Assets

Debtors £16884
Cash £21353

Current Liabilities £269786 which is £220232 more than their total assets

Signed by M A Steele on 8th August 2012


But - yes - they're currently making profits and chipping away at that historic debt.