burke

No The University of Lagos or that is what it said on the certificate I purchased

2022 accounts show approx £ 400,000 trading loss, that's there for all to see. Michael Carter at one of the shareholder meetings for the people who had put in their £ 500 ( think there were 49 people ) in 2023 advised that 2023 accounts would show a bigger trading loss than 2022 accounts, so that's where I get my approx £ 1 million trading loss. I actually think that if Matt Ellis had not taken on the debt and no other major new money was coming in then the club would have been accused of trading whilst insolvent. I did hear that the talks had been taking place between the directors and the Brazilian outfit that have some sort interest in the Football Club that play out of Belle Vue. Thank goodness for Matt Ellis a Christmas miracle

Would be interested to know how you believe the previous owners would have been able to continue trading, approx £ 1 million trading loss 2022/23, directors on record saying they were not putting any money in, overheads previously cut to the bone meaning zero cash in the business, loans could not be serviced and even the interest on the loans could not be serviced. No assets to sell ie players, no money to pre order kit, season ticket sales of less that 1000, no money to employ people to manage the new stand. No clients to use the new stand. No cash to the point that they were planning to use the old kitchen equipment from the Benidorm stand in the new stand. Without new investors the club was dead. You say Ellis has a bargain, he has taken on a 6 million debt, invested £ 1.4 million in this years squad, is planning major upgrades to 3 sides of the ground, is planning on financing a SL squad if we are fortunate to get in SL, looking at building a bespoke training facility. In your world this may be considered a bargain, in the real world this is a labour of love. I for one am faint and pleased that Matt Ellis has quite simply saved us from oblivion.

Not sure about that, 2022 accounts showed a £ 400,000 trading loss. Michael Carter advised at a share holders meeting that 2023 accounts would show a bigger loss than 2022. £ 3 million loan to repay on purchase of ground, £ 900,000 Covid load to repay. The two major shareholders advising that they would not be putting money in. The balance sheet propped up by unsaleable assets. So basically without a major cash injection the club would not have made it to November as it would have simply run out of cash. Thank all the Gods that along came Matt Ellis as financially it seems it was a basket case on the brink of collapse

In the Glover days the announced crowd figures were laughable, no way on Gods Green Earth did they represent the actual numbers in the ground. Regulars at Belle Vue would suggest 4000 in today and the crowd was given as 8000, it was a joke .

Turns a profit : 2022 accounts showed a £ 400,000 loss, admittedly less than most SL clubs, 2023 accounts are likely to show a £ 750,000 loss for the 10 months that Carter and Minards were in charge ( according to info that came out in the takeover process / Cater advised during a fans meeting ) , so not turning a profit, not self sufficient and the complete opposite of stable . If Matt Elis had not shown up Trinity would have been liquidated by end of October as they had run out of cash, Carter was leaving and Minards openly stated he did not have funds. The balance sheet was propped up by unsaleable assets, stand, ground etc. People in glass houses etc etc. The idea that Wakefield pre Mat Elis was the example other clubs should follow is just utter madness.

Not sure where I heard it but understand that only Leeds and Catalans .

Berwyn Jones who was a sprint champion and member Great Britain 4 x 110 yards relay team, Commonwealth Games medal winner I think , signing for Wakefield Trinity. Or Mike Lampkowski signing for Trinity having represented England RU . Plus Keith Smith, what a player, singing for Trinity from the England RU set up.

walk in the training park for Leeds who will breeze to an easy win by 30+ points without having to break sweat.

I love a rumour and find it impossible not to tell everyone I know. There are three forms of communication Television, Telephone and tell me. Anyway I wondered if anyone on here could shed light on the tale I was told last night. It goes like this : HMRC reached an agreement with the Rugby Union for the Union clubs to only have to pay 15 % of the back tax owed on the image rights paid to players over the last six years. All SL clubs also owe back tax on image rights. The RL got wind of the 15 % agreement reached between the Rugby Union and HMRC and approached HMRC to obtain a similar agreement. HMRC turned us down. So now Leeds ( financed by the RL ) are challenging the HMRC decision in court. Also the RL is unhappy with the lack of consistency in the way that different HMRC tax inspectors are treating each club. Wakefield are at the head of the list, they apparently owe the least in image rights tax ( apart from Crusaders and Catalans ) of any SL club and yet their tax man is demanding immeadiate full payment. Whilst other clubs who owe the tax man far larger ammounts are not under as much pressure from their tax man. Apparently HMRC likes to set a precedent in court, ie go after a club that only owes a comparatively small amount, force payment then go after the big boys once the precedent has been set. Can anybody out there add anything to this tale, I mean would be good if we could prove that the establishment , HMRC, was treating RL in a different way to their mates at the Rugby Union. I suspect that the above may be a load of tosh as surely the RL would have made this information public.

Interesting thread this, with some good points made. I take the point made about Cumbria but would note that Cumbia has had a long history of RL with many well established amateur clubs that thrive with or without a SL club. My concern is that the amateur clubs and junior RL set up in London will wither without a SL club in London. For what its worth, without doubt in my mind the RL / SL should some how force SL on Cumbria, not sure how it should be done but Cumbria is a hot bed of RL and it makes no sense for SL not to to be represented in Cumbria. Wellys4Hullfc, I take your point re the Crusaders model, but the rumours from Wales are equally concerning. I understand that that the Wrexham football club ` owners ` may be very concerned re their financial plight. They agreed to take on last years loss / debt from the South Wales operation, big mistake, was it reported at

Rumour doing the rounds at Trinty v Warrington game last Sunday was that Quins have applied to move to Milton Keynes for next season, Quins backer wants to move the francise out of London but Brian felt that this would be letting down all those people who have done such a great job at ` grass roots` level in London. Backer fed up of running club at huge loss. Players do not want to relocate to MK and there are arguments re whether it makes their contracts null and void. There is also some sort of SL rule saying that you can only move a francise 12 miles ( sounds daft to me , why 12 miles ? ) so the Quins owner / backer is saying to SL either allow me to move to MK or I pull out, precedent set with Crusaders. Terrace rumours are normaly rubbish, has anyone else heard of a proposed move to MK. Would hate to see London not represented in SL. A good friend of mine coaches at one of the London academies and often reports how fantastic junior RL is in London, it would be a disaster if these very talented young London based, recent RL converts, did not have a SL club to sign for.