leaguefan13 Posted July 8, 2019 Share Posted July 8, 2019 Saw a headline from today’s League weekly suggesting Super league could be set for a private cash injection. Not had chance to pick up a copy as yet. Anyone know what was said or is it more pie in the sky ? Link to comment Share on other sites More sharing options...
TheDuke Posted July 8, 2019 Share Posted July 8, 2019 It would be welcomed hopefully clubs don’t throw any money away on second rate Aussie players Link to comment Share on other sites More sharing options...
philipw Posted July 8, 2019 Share Posted July 8, 2019 This was mentioned in the pre-match stuff on Thursday I think, but no real details as far as I remember Link to comment Share on other sites More sharing options...
Damien Posted July 8, 2019 Share Posted July 8, 2019 I think there is far more upside for a PE firm to get involved in Rugby League compared to what we recently saw in Rugby Union. Link to comment Share on other sites More sharing options...
Mr Frisky Posted July 8, 2019 Share Posted July 8, 2019 We will get all excited about this and then find out it's a firm no one has heard off putting in £30K to sponsor the corner flags. Link to comment Share on other sites More sharing options...
fairfolly Posted July 8, 2019 Share Posted July 8, 2019 Frisky, DB Sunbeds only if they allow Leigh in S.L. Link to comment Share on other sites More sharing options...
Scubby Posted July 8, 2019 Share Posted July 8, 2019 12 minutes ago, Mr Frisky said: We will get all excited about this and then find out it's a firm no one has heard off putting in £30K to sponsor the corner flags. To be fair that outcome covers all bases Link to comment Share on other sites More sharing options...
Sir Kevin Sinfield Posted July 8, 2019 Share Posted July 8, 2019 1 hour ago, Mr Frisky said: We will get all excited about this and then find out it's a firm no one has heard off putting in £30K to sponsor the corner flags. Does it matter whether we’ve heard of them or not? Isn’t £30k from one company not worth the same as £30k from another? Link to comment Share on other sites More sharing options...
David Shepherd Posted July 8, 2019 Share Posted July 8, 2019 4 hours ago, leaguefan13 said: Saw a headline from today’s League weekly suggesting Super league could be set for a private cash injection. Not had chance to pick up a copy as yet. Anyone know what was said or is it more pie in the sky ? Reading the article, Elstone has only had initial discussions. Doubt it's worth getting excited about just yet. Link to comment Share on other sites More sharing options...
Chamey Posted July 8, 2019 Share Posted July 8, 2019 Given that the standard deal is for PE firms to take over commercial control of a competition including rules and format, I'd stay far far away, doubly so if it's who I think they are. Link to comment Share on other sites More sharing options...
Moove Posted July 8, 2019 Share Posted July 8, 2019 Is this the Hearn's again? Link to comment Share on other sites More sharing options...
cookey Posted July 8, 2019 Share Posted July 8, 2019 What constraints on the use of the money would there be? There are already rumours that Worcester,London Irish and Newcastle in ru will simply reduce their existing debt.I suspect Sale would like to do something similar. In league could Leeds use it to simply reduce their debt on the new stands? Could Lenegan and Davy get back some of their current losses? Could Cas use it to patch up their tatty ground for another couple of Leeds. Could Salford reduce their debts whilst playing in front of 3,000 spectators. Obviously I would welcome additional revenue but on the basis of past investments,the clubs will gobble up the money,with absolutely nothing to show for it in 2/3 yrs time.What conditions will their be over how and what the money is used for? Should it go to any loss making clubs? Should it go to any clubs with 1960's facilities? Should it go to clubs with less than 4,000 weekly spectators? Dont know the answers but past history would worry me. Link to comment Share on other sites More sharing options...
Chamey Posted July 8, 2019 Share Posted July 8, 2019 20 minutes ago, Moove said: Is this the Hearn's again? I suspect it's CVC. CVC have bought a stake in Prem RU, including taking control of structure, organisation and some rules. They are negotiating for a stake in P14 RU and it is reported that they want to create a pan-British Isles competition. If they're sniffing round SL then it's a short but terrifying jump to a bad conclusion. And the SL club owners aren't called Super Greed for nothing. Link to comment Share on other sites More sharing options...
The 4 of Us Posted July 8, 2019 Share Posted July 8, 2019 There was a thread in April that suggested clubs getting £150k each from a commercial sponsor. I can’t see it being CVC, although I suspect if it was it wouldn’t cost them anywhere close to what their 30% in RU. If it was, we’d be in 1895 territory and there’d be a lot more noise than a rumour. http://www.wiganstpats.org Producing Players Since 1910 Link to comment Share on other sites More sharing options...
Manx RL Posted July 8, 2019 Share Posted July 8, 2019 1 minute ago, cookey said: What constraints on the use of the money would there be? Possibly many 2 minutes ago, cookey said: In league could Leeds use it to simply reduce their debt on the new stands? Yes, possibly 3 minutes ago, cookey said: Could Lenegan and Davy get back some of their current losses? Possibly not but they possibly could . 4 minutes ago, cookey said: Could Cas use it to patch up their tatty ground for another couple of Leeds. Depending on the outcome it could be an option 6 minutes ago, cookey said: Could Salford reduce their debts whilst playing in front of 3,000 spectators. Yes, but possibly no too. 7 minutes ago, cookey said: What conditions will their be over how and what the money is used for? Depends upon just what constraints are placed on how the money can be used. 8 minutes ago, cookey said: Should it go to any loss making clubs? its an option at this stage but not certain 10 minutes ago, cookey said: Should it go to any clubs with 1960's facilities? If the conditions are right then its a possibility 11 minutes ago, cookey said: Should it go to clubs with less than 4,000 weekly spectators? With the right criteria in place and full agreement it's an option that could be explored - Adepto Successu Per Tributum Fuga - Link to comment Share on other sites More sharing options...
Private Baldrick Posted July 8, 2019 Share Posted July 8, 2019 2 minutes ago, Manx RL said: Possibly many Yes, possibly Possibly not but they possibly could . Depending on the outcome it could be an option Yes, but possibly no too. Depends upon just what constraints are placed on how the money can be used. its an option at this stage but not certain If the conditions are right then its a possibility With the right criteria in place and full agreement it's an option that could be explored So, what are ya saying? Link to comment Share on other sites More sharing options...
Chamey Posted July 8, 2019 Share Posted July 8, 2019 Article on it, including quotes: https://inews.co.uk/sport/super-league-private-equity-investment-exclusive-robert-elstone/ Link to comment Share on other sites More sharing options...
cookey Posted July 8, 2019 Share Posted July 8, 2019 Charmey,if I read your note correctly,please tell me why a company would want to invest in a sport,only then to change that sport to another sport? Ludicrous. However,you can only sell the family silver once.Sell it,waste it and you cant sell it again. Link to comment Share on other sites More sharing options...
Chamey Posted July 8, 2019 Share Posted July 8, 2019 4 hours ago, cookey said: Charmey,if I read your note correctly,please tell me why a company would want to invest in a sport,only then to change that sport to another sport? Ludicrous. However,you can only sell the family silver once.Sell it,waste it and you cant sell it again. Private equity is mental. Sharp suits by day, straitjackets by night. Take the 13 Prem RU clubs, add Leeds, Hull, St Helens, Warrington, Wigan and the P14 RU (minus Italy and SA) and you have a pan British Isles league, nice and lucrative for a big tv contract. 4 conferences of 7. Home and Away your own conference (12 games), Home or away a second conference (7), then your equivalent finisher in the other two conferences (2). That gives you 21 games, welcome to NFL British Isles style. However it all falls apart when you consider that the five crossover clubs would lose 90% of support overnight, and given history it would be mad, however the total cost of putting it together would be half a billion or less, so they'd consider it a low risk high reward gamble, knowing that they could likely salvage most of the initial money even if it went badly. I've worked with enough small and medium sized businesses who have investors who seemed like they only meant the best only to see them absolutely screw the company with mad agendas and ideas, hence it's always worth bearing in mind the worst case. Link to comment Share on other sites More sharing options...
bobbruce Posted July 8, 2019 Share Posted July 8, 2019 I hope we don’t go down the same road RU has on this. It just looks to me like you are selling your future income for cash upfront. I can’t see that ending well. Link to comment Share on other sites More sharing options...
gingerjon Posted July 8, 2019 Share Posted July 8, 2019 17 minutes ago, Chamey said: Article on it, including quotes: https://inews.co.uk/sport/super-league-private-equity-investment-exclusive-robert-elstone/ Thanks for that. Very interesting. I hope SL has some decent independent advisors on this. Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life. (Terry Pratchett) Link to comment Share on other sites More sharing options...
redjonn Posted July 8, 2019 Share Posted July 8, 2019 2 hours ago, cookey said: Charmey,if I read your note correctly,please tell me why a company would want to invest in a sport,only then to change that sport to another sport? Ludicrous. However,you can only sell the family silver once.Sell it,waste it and you cant sell it again. Depends upon outcomes. They are only interested in maximizing their financial take and are very successfully at that. They have no interest in the sport long term purely as an investment to take profit from. Nowt wrong with that if they increase the monies flowing in the sport, take their profits from the revenue each year, then sell on the rights again at a profit. They have no interest in the long term only in their investment window of typically 2-7 years, although F1 lasted 10 years. They will load up with loans, revenue used to pay those loans, whilst extracting profit themselves. Of course they need to grow the revenue but as the F1 teams found that meant less money to the teams as the loans and their profit took more monies. The sport has less people watching than previously as they have expanded the sport of F1 outside of Europe but lessened the TV viewing to less than 30% of what it was. Never-the-less they have made plenty of monies plus the sport has increased revenues, although the teams not so. If their investment doesn't build as they expect, they may well look how to maximse and expand the sport of Rugby as distinct from worrying about RU/RL, they may see it as a good financial bet to expand Premership as is by including say to 5 northern teams to create a country wide Rugby sport to sell to media rights of. Not saying it would happen but one could see a scenario if one is only interested in financial side with no interest in the sport except as a financial opportunity and nothing else. Link to comment Share on other sites More sharing options...
The Future is League Posted July 8, 2019 Share Posted July 8, 2019 7 hours ago, TheDuke said: It would be welcomed hopefully clubs don’t throw any money away on second rate Aussie players Agree. The money should all be spent on junior development. Link to comment Share on other sites More sharing options...
Clogiron Posted July 8, 2019 Share Posted July 8, 2019 It's probably McCain's supplying chips to go with our mushy peas Link to comment Share on other sites More sharing options...
Padge Posted July 8, 2019 Share Posted July 8, 2019 2 hours ago, TheConductor said: Whats wrong with Hull The list is too long. Visit my photography site www.padge.smugmug.com Radio 5 Live: Saturday 14 April 2007 Dave Whelan "In Wigan rugby will always be king" This country's wealth was created by men in overalls, it was destroyed by men in suits. Link to comment Share on other sites More sharing options...
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