paul hicks
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Posts posted by paul hicks
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1 minute ago, Exiled Wiganer said:
Age partnership may not own FC but they would be an ideal sponsor for Old Faithful.
indeed, they will be but as Thirkill owns AGE PARTNERSHIP then following the logic that because caddick has a controlling interest in leeds then Caddick construction owns the club .
if caddick construction owns leeds then it follows that AGE PARTNERSHIP owns hull fic. its either one or the other
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2 minutes ago, M j M said:
Why are you just making stuff up?
such as
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3 hours ago, M j M said:
Unfortunately since Covid Leeds have not been as profitable as they were before and Caddick has had to put money back in.
They expected to be back at break even in 2024 thanks to the AMT sponsorship although I suspect the poor year on field may have undermined that.
2 years of losses against how many of profit .
by the way Caddick has not had to put money in as such. one of his many companies just guarettees the clubs overdraft with the bank . so as long as the bank are happy with that then no money needs to be given.
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3 hours ago, sweaty craiq said:
In the last 2 posted results Rhinos LOST £3.5m in total. The parent Caddick plc or whatever it’s called made £85m in the same period.
the parent company caddick plc does not own leeds rhinos it jointly owned by paul caddick who has 76% of shares and gary hethington who owns the remaining 24% .
all because a rich man takes a controlling interest in a club does not mean his company owns it. for instance, does AGE PARTNERSHIP now fully own HULL F.C or does Andrew Thirkill just part own them.
what Caddick did when he jointly bought the club was to guarantee the clubs overdraft through one of his companies, he did not pump millions into the club on a capital basis.
indeed, when the cricket ground was sold to Yorkshire cricket for i think £15 million that paid off the club's debts and also provided a dividend for the shareholders . the club has given out several dividends to the shareholders over the years (both of them) and has traded profitably most years. the two years mentioned are those that were ruined by covid and given the clubs reliance on off field activities with its 365 days a year use of the ground thats no great surprise
i think if you look at losses against asset values you will see there is no problem in the long term.
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2 hours ago, Segovia Carpet said:
Keep up @dboy. Not One of the other 11 clubs would be able to pay their bills on time without the financial support of their major benefactor.
leeds can and do. there owner does not loan the club money in fact he even got back the cost of buying his shares from the old board when leeds declared dividends a few years ago
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4 hours ago, Segovia Carpet said:
So would Huddersfield without Ken Davy & Family.
so would a number of other clubs that have director's loan ect.
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has the RFL received the money from SKY yet so that it could indeed hand it over to Salford as the one thing we are always been told is that the RFL has no money . that been the case they could not help Salford out.
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if this had come to light before the gradings were finalised, would it have had any impact on the points Salford received?
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4 hours ago, Barley Mow said:
Almost every ticket that was put on sale was sold
They didn't put them all on sale, but kept releasing a few more every time supply was getting low.
Almost every seating ticket I thought they said . still its 1,500 more than the Wigan attendance so not a bad effort.
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On 21/10/2024 at 14:32, Harry Stottle said:
Should imagine these figs will only increase next year,
Sky Sports’ estimated Super League salary spend in 2024
1. Wigan Warriors – £3.1million
=2. Catalans Dragons – £3million
=2. Warrington Wolves – £3million
=4. Huddersfield Giants – £2.7million
=4. Leeds Rhinos – £2.7million
=4. St Helens – £2.7million
7. Hull KR – £2.4million
8. Leigh Leopards – £2.2million
9. Hull FC – £1.8million
=10. Salford Red Devils – £1.7million
=10. Castleford Tigers – £1.7million
12. London Broncos – £1.4millionFor those who can afford the dispensations !
those figures especially at the bottom were rather influenced by the lower clubs redirecting money to other projects to raise there IMG scores i think. certainly Castleford admitted as much
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2 hours ago, Tommygilf said:
Controversial maybe but I could definitely see an argument for letting Ash Handley join Catalans as has been rumoured for a while. A reportedly very big wage for his position that would free up lots of cap space.
problem there is getting someone of proven quality to replace him. theres some good young players who can and have done well in spells out there this season but there still a couple of year from regular starters . if any of the backs goes i see newman been more likely to go with plenty of interest from Australia
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2 hours ago, LeeF said:
You don’t need a Doctor for away games but presumably the physio for Sunday will be sorted and any necessary support staff will be there if the game goes ahead
thats a big IF though and getting them back is not a given .
perhaps starting next season with a clean slate is a better option. it worked for York a few years back
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2 hours ago, Gooleboy said:
Should be an interesting close season for you. We will see how good Blease is as I am sure GH will be watching.
im not expecting a mass of new signings three forwards and a utility back i guess from outside the club .
this season has not been a disaster as a good number of young players have come through this season and there more to come so with brad Arthur and his experience i expect more from the present players when next season starts .
in my opinion leeds took the easy route of bringing into the team signings who were no more than squad players and a number of them will be gone before the new season starts to be replaced by the young lads who have shown promise this season and a few that will be pushing for game time next season. the mcormack brothers will be pushing for a few games and when they hit their stride will be well worth watching.
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4 hours ago, Gooleboy said:
You need new blood, so a lot will depend on how much GH allows him to spend, and choose his own signings without interference.
you can only spend up to the cap and leeds have done that. its more a case of who is let go to release the money in the cap.
Donaldson is one thats going at the end of the season but they will need to let a big money overseas player go i would think . more than likely fusitua yep i know i spelt it wrong.so along wtih martin that's two well paid overseas players gone
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6 hours ago, sentoffagain2 said:
I am sure the players are refusing to play on principle with the disruption at the club.And would hope that if Championship club chairmen vote that the remaining fixtures should be completed the players would not upset the integrity of the league by not playing.
is it the players showing no integrity or the directors ?.
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7 hours ago, Neutralfan7 said:
Players have been paid. They haven't downed tools due to pay issues, they've downed them due to the break down with the BoD who have returned and since resigned.
when did they get paid because all the talk is of them not been paid for 5 weeks. mind you unpaid backroom staff have also walked out .
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18 hours ago, LeeF said:
Rumours now that the players have returned.
what about the backroom staff. physios and doctor ect . without them no game can take place.
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always go back to the beatles so here we go.
HELP.
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29 minutes ago, Wakefield Ram said:
Lots of clubs don't live within their means. Just they have directors with enough money to bail them out. Halifax owed £54,000 in rent for their ground.
if you can find a reliable source/person to back your extravagance then it is indeed living within your means as of course you have a guarantor for your debts. just make sure you keep a defibrillator handy.
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these are the rugby league express annuals printed each year .
i have them from the first one in 1996 to 2021-2022 season
all good condition
available collection only from east leeds due to weight
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17 minutes ago, JonM said:
Not sure it is. The root cause here seems to be more infighting among a whole load of people associated with the club, more than the actual money.
fair enough but its the over ambition without the financial ability to pay for it that caused the financial problems whoever was in charge.
live within your means has always been my mantra .
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On 19/08/2024 at 21:38, HullWire said:
In Belfast - the Pope is the ultimate arbitrator of Faith, discuss.
or the anti Christ depending which version of the comic book you read
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On 19/08/2024 at 21:31, Leigh-On-Kiwi said:
I blame the far right.
to right
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On 19/08/2024 at 21:27, Fevrover said:
What sort of Bible studies do you go to?
you should try a bible study group in Belfast. maybe on the bridge that divides sandy row from Grosvenor Road . now that would be a scrap of biblical proportions .
Gary Hetherington
in The General Rugby League Forum
Posted
evidently 7 days from bankruptcy when gary persuaded caddick to step in and buy the shareholdings of the then board and guarentee the bak overdrafts thus securing the clubs future. .
little thing not often spoken about is how caddick became involved as he had previously tried to buy his hometown club Castleford but was rejected by the Castleford board. now imagine how the fortunes of both leeds and Castleford could have been if the Castleford board had sold to caddick before the leeds situation was on the table .