Think about it

[ghost of uncle fester]

If anyone had any doubt about people having an agenda ,just take a look at why the "where's the board" thread disappeared, clearly indicated at individuals posting potentially libelous comments under "numerous pseudonyms" ,coming from the page makers themselves who are probably privy to profiles linked to emails etc  ,ohhhhh I wonder who that could be linked to,eh Scott,sorry snaggletooth,scooby doo,or whatever you call yourself nowadays 

[tec]

Feel sorry for those running the club, some fans have short memories.

 

 

 

Edited July 26 by tec

[Neutralfan7]

Impartial view... Just because the thread was removed doesn't mean the claims were lies, just means the website doesn't want to be potentially brought into any trouble the claims come with.

[tec]

35 minutes ago, Neutralfan7 said:

Impartial view... Just because the thread was removed doesn't mean the claims were lies, just means the website doesn't want to be potentially brought into any trouble the claims come with.

No need for the tittle tattle in my opinion. How are Haven doing ? heard they have had directors resign from the board and are struggling with finances given the poor attendances etc.

[RSN]

47 minutes ago, Neutralfan7 said:

Impartial view... Just because the thread was removed doesn't mean the claims were lies, just means the website doesn't want to be potentially brought into any trouble the claims come with.

He was lying claiming that the club got him banned from posting as the owner of the forum stated the forum is completely independent from the club. 

[Neutralfan7]

21 minutes ago, tec said:

No need for the tittle tattle in my opinion. How are Haven doing ? heard they have had directors resign from the board and are struggling with finances given the poor attendances etc.

Directors resign is true, same as yourselves. Whilst attendances have been poor I don't believe finances are as bad as people would think thankfully, no major outstanding bills, just what you expect from a semi-pro club. A bit like yourselves really.

[tec]

18 minutes ago, Neutralfan7 said:

Directors resign is true, same as yourselves. Whilst attendances have been poor I don't believe finances are as bad as people would think thankfully, no major outstanding bills, just what you expect from a semi-pro club. A bit like yourselves really.

Finances will be an issue for a lot of clubs outside of SL given the funding cuts. 

[morty]

Without sugerdaddies all clubs outside SL are buggered

[Dave W]

2 hours ago, morty said:

Without sugerdaddies all clubs outside SL are buggered

Apart from the ones lucky enough to exist within an hour's drive of 20 other clubs. 

[Blind side johnny]

On 26/07/2024 at 11:47, morty said:

Without sugerdaddies all clubs outside SL are buggered

Only "outside" of SL?

I believe that no club is currently profitable, or even close to it. They are all being kept afloat by benefactors (amusingly called investors).

[2Cents]

2 hours ago, Blind side johnny said:

Only "outside" of SL?

I believe that no club is currently profitable, or even close to it. They are all being kept afloat by benefactors (amusingly called investors).

Quite correct.

For 2022 Season (latest available) every single SL Club lost money from Salford -£580K loss to Huddersfield - £2.6Million loss. Even the big 2 Wigan and St Helens lost £1.2K - £1.4K, despite having huge gates and Millions in turnover.

Championship and League 1 teams all lose money too. Ask Whitehaven and Workington.

Steve Neale is constantly pleading for an Investor to come onboard. "Hope a Millionaire will come forward to Invest".

The definition of making an Investment is 'the process of investing money to make a profit'.

No sane person or businessman would invest money into Barrow Rugby or Football (ask Paul Casson - he lost £4 million) unless he or she can use the inevitable losses for tax purposes.

It would be more appropriate for Steve to ask for a large Charitable donation as a right-off for the 'love of Barrow Rugby'.

Hopefully, this subject matter will be discussed on Wednesday.

Question: How do you become a Millionaire in a Sports Club? Answer: Start with £2 Million.

[Unicorn 106]

On 26/07/2024 at 08:16, Neutralfan7 said:

Directors resign is true, same as yourselves. Whilst attendances have been poor I don't believe finances are as bad as people would think thankfully, no major outstanding bills, just what you expect from a semi-pro club. A bit like yourselves really.

As Neutral as a 33kv live line

[Neutralfan7]

11 hours ago, Unicorn 106 said:

As Neutral as a 33kv live line

Rent free in your head  

[Bintheredunnit]

Just a few points as regards comments made regarding the financial situation at Barrow RLFC. Investing in the club can be done via the debentures purchase scheme. Anyone can apply to purchase debentures in the club, the application needing to pass scrutiny by the board. There is a limit of £25,000.00 for any one person's debenture holding. I assume this was entered into the club constitution to prevent anyone taking full control of the club. As I understand it, debentures can only be paid back by authorization of the board. In effect, should the board deem it, debentures are an interest free loan to the club re-payable at the board's discretion. As a loan, debenture values must be collated on the club's balance sheet as a debt even though the loan may never be repaid. It is only my recollection that there may be approx 420,000 debentures in circulation though this may have changed. A £420,000 debt on the balance sheet may seem frightening but maybe not so much in the circumstances. The debenture scheme has, therefore perhaps, the unintentional reason why major investment in the club by an individual may not be an inviting proposition as an investment whilst protecting the club from predatory investors. My information is recalled from reading the constitution several years ago but I believe may still be correct. It therefore leaves possible investors with the options of either sponsorship, advertising or loans. Sponsorship  and advertising are limited  timewise  and the return is via the business generated for the investor. Loans on the other hand, can be long term or short term with interest a consideration. Whereas sponsorship & advertising is classed as income & appear on the balance sheet as such, loans appear as debt. Potential loanee investors must also take into account that should the club fail financially, their loans would take second preference to any debts owed to the Inland Revenue. With the infrastructure of the ground being of major concern due to ever increasing safety regulations, income streams are vitally important. I would say that "investors" is not the term to be used as regards the club but rather someone who has resources sufficient to sustain the losses incurred. It is a tricky balancing act & as anyone familiar with the club's history knows mistakes have been made. Instead of sniping from the sidelines get in there & find out how hard it really is. 

[HP Beans]

Sounds promising that some people have put themselves forward to help,well done and best of luck

[Deep]

18 hours ago, Bintheredunnit said:

Just a few points as regards comments made regarding the financial situation at Barrow RLFC. Investing in the club can be done via the debentures purchase scheme. Anyone can apply to purchase debentures in the club, the application needing to pass scrutiny by the board. There is a limit of £25,000.00 for any one person's debenture holding. I assume this was entered into the club constitution to prevent anyone taking full control of the club. As I understand it, debentures can only be paid back by authorization of the board. In effect, should the board deem it, debentures are an interest free loan to the club re-payable at the board's discretion. As a loan, debenture values must be collated on the club's balance sheet as a debt even though the loan may never be repaid. It is only my recollection that there may be approx 420,000 debentures in circulation though this may have changed. A £420,000 debt on the balance sheet may seem frightening but maybe not so much in the circumstances. The debenture scheme has, therefore perhaps, the unintentional reason why major investment in the club by an individual may not be an inviting proposition as an investment whilst protecting the club from predatory investors. My information is recalled from reading the constitution several years ago but I believe may still be correct. It therefore leaves possible investors with the options of either sponsorship, advertising or loans. Sponsorship  and advertising are limited  timewise  and the return is via the business generated for the investor. Loans on the other hand, can be long term or short term with interest a consideration. Whereas sponsorship & advertising is classed as income & appear on the balance sheet as such, loans appear as debt. Potential loanee investors must also take into account that should the club fail financially, their loans would take second preference to any debts owed to the Inland Revenue. With the infrastructure of the ground being of major concern due to ever increasing safety regulations, income streams are vitally important. I would say that "investors" is not the term to be used as regards the club but rather someone who has resources sufficient to sustain the losses incurred. It is a tricky balancing act & as anyone familiar with the club's history knows mistakes have been made. Instead of sniping from the sidelines get in there & find out how hard it really is. 

Just a small correction, anyone can have as many Debentures as they wish but are only allowed 25,000 votes. This as you say was introduced to

[Deep]

Just now, Deep said:

Just a small correction, anyone can have as many Debentures as they wish but are only allowed 25,000 votes. This as you say was introduced to

Just a small correction, anyone can have as many Debentures as they wish but are only allowed a maximum of 25,000 votes. This was introduced as you say to stop one person having control over the Club, this worked for a number of years, however this is now being avoided by Debentures being transferred to or bought in other family names ie Son, Wife, Sister etc still giving one person/family control over the club

[Bintheredunnit]

I stand corrected