Salford financial issues(again…)

[LeytherRob]

10 minutes ago, Charlie said:

Not saying they do but the rfl have no power to force them to sell, obviously they will have to if something big doesn’t happen. Very surprised there still off to out the country tomorrow 

The RFL can impose a lower spending cap which would mean they’d have no choice

[Charlie]

Just now, LeytherRob said:

The RFL can impose a lower spending cap which would mean they’d have no choice

Still can’t directly sell players on Salford’s behalf. The club would still have to make them decisions. Not sure the rfl can impose a lower cap either. 
 

it means nothing though as youse say if there’s no money players will all leave anyway 

in my opinion if they have to sell 700 worth of players it’s best just pulling out the comp 

[Les Tonks Sidestep]

20 minutes ago, Charlie said:

Not sure the rfl can impose a lower cap either. 

They can impose a 'sustainable cap', so yes they can.

[Charlie]

5 minutes ago, Les Tonks Sidestep said:

They can impose a 'sustainable cap', so yes they can.

Generally curious where have you read that 

[Father Ted]

If Salford are so short of money then down the season players may well not get paid. Transfer requests wouldn't be very far off if that occurred.

That might be a self righting situation. If the RFL/SL allowed it to get that far.

[LeytherRob]

4 minutes ago, Charlie said:

Generally curious where have you read that 

Pretty much every story on the topic has mentioned a sustainability cap as part of the special measures.

[Impartial Observer]

2 hours ago, binosh said:

My mistake it was another Journalist who earlier stated

 

“A fire sale of Salford Red Devils' players appears imminent after clubs were told to declare their interest in the players they would like to sign. In the last 24 hours, clubs have been contacted by senior figures at the Rugby Football League and RL Commercial outlining Salford's latest perilous position, with the club facing yet another cash flow issue.

 

Not only will the player be cheap to buy but they will also have nice sun tans

[binosh]

15 minutes ago, Impartial Observer said:

Not only will the player be cheap to buy but they will also have nice sun tans

To be fair Leigh are flying to Lanzarote tomorrow so may be able to kidnap a couple at Manchester Airport

[The Future is League]

4 hours ago, binosh said:

To be fair Leigh are flying to Lanzarote tomorrow so may be able to kidnap a couple at Manchester Airport

Dexy and the club can afford it. The Red Devils really can't

[Wollo Wollo Wayoo]

Strange that when this happened to Wakefield it was viewed (rightly imho) as other clubs doing us a big favour to help us survive.  If I recall correctly we got a transfer fee from Saints for Amor and from HKR for Cockayne as well as simultaneously being relived of the wage burden of Tim Smith (Salford) and Kyle Wood (Huddersfield). 

Edited January 10 by Wollo Wollo Wayoo

[Charlie]

24 minutes ago, Wollo Wollo Wayoo said:

Strange that when this happened to Wakefield it was viewed (rightly imho) as other clubs doing us a big favour to help us survive.  If I recall correctly we got a transfer fee from Saints for Amor and from HKR for Cockayne as well as simultaneously being relived of the wage burden of Tim Smith (Salford) and Kyle Wood (Huddersfield). 

Catch 22 though in this case, losing 700 worth of players will probably see the club go under in 2/3 years. Almost certainly relegation then I dread to think what will happen. 
 

as a fan I’d rather us be sent down now. 80-0 beatings every week is horrible for the sports brand 

[Angelic Cynic]

This is rather slow.I distinctly remember reading,from Hull Kingston Bronco/Wurzel,that because IG were now involved in the sport,wealthy individuals got themselves involved with Hull KR.

Yet there doesn't seem to be the same haste on behalf of big city clubs,London Broncos and Salford,2 clubs who had ownerships that wanted IMG involved.

Just a matter of time,surely...

[phiggins]

13 hours ago, Charlie said:

Still can’t directly sell players on Salford’s behalf. The club would still have to make them decisions. Not sure the rfl can impose a lower cap either. 
 

it means nothing though as youse say if there’s no money players will all leave anyway 

in my opinion if they have to sell 700 worth of players it’s best just pulling out the comp 

Aaron Bower reporting this morning that Salford get ultimate final say on sales, but whatever power RFL have in this will be down to whatever was agreed as conditions of providing the advance.

If they refuse to offload players and find themselves missing any payments or not paying in full, would likely result in a points or grading reduction.

[PREPOSTEROUS]

11 minutes ago, Angelic Cynic said:

This is rather slow.I distinctly remember reading,from Hull Kingston Bronco/Wurzel,that because IG were now involved in the sport,wealthy individuals got themselves involved with Hull KR.

Yet there doesn't seem to be the same haste on behalf of big city clubs,London Broncos and Salford,2 clubs who had ownerships that wanted IMG involved.

Just a matter of time,surely...

Salford and London are shell clubs with little behind the first team. Weathly people are not daft, they need something for their money, whether that be reflected glory or financial gain. With HKR, a large fan base, a decent team which needed that extra level of funding to take them to the next step is an easier sell than the taking over either of those two, who don't really have anything that can be built on.

Ultimately it needs a wealthy fan, ala Matt Ellis at Trinity or Beaumont at Leigh, whose heart will rule the head.

Edited January 10 by PREPOSTEROUS

[Dave T]

Within reason shouldn't clubs be able to run themselves and ultimately fail? Of course we should support where possible, but this money that they have received was an advance, not an additional payment, so I think we do need to not overstated the support they've had.

Does anyone know when that £500k they received will have been received in a normal situation?

[PREPOSTEROUS]

 

[PREPOSTEROUS]

1 minute ago, Dave T said:

Within reason shouldn't clubs be able to run themselves and ultimately fail? Of course we should support where possible, but this money that they have received was an advance, not an additional payment, so I think we do need to not overstated the support they've had.

Does anyone know when that £500k they received will have been received in a normal situation?

Instalments through they year to aid cashflow. 

 

.. and re clubs been allowed to fail,  yes in an ideal world, however we not blessed with an abundance of clubs as a sport so assisting where possible without getting too much involved like with Bradford is fine by me.

[Martyn Sadler]

2 hours ago, Charlie said:

Catch 22 though in this case, losing 700 worth of players will probably see the club go under in 2/3 years. Almost certainly relegation then I dread to think what will happen. 
 

as a fan I’d rather us be sent down now. 80-0 beatings every week is horrible for the sports brand 

 That's correct in all respects.

It won't just damage Salford, but Super League as a whole at a crucial time when thoughts are turning to a new broadcasting contract from 2027, which is why it can't be allowed to happen.

[gingerjon]

I’m told there are a whole host of better clubs just outside the current 12 so what’s the risk to the whole game if Salford do go bust?

Surely those ambitious set ups are strong enough to make a positive difference.

[dboy]

9 minutes ago, Martyn Sadler said:

 That's correct in all respects.

It won't just damage Salford, but Super League as a whole at a crucial time when thoughts are turning to a new broadcasting contract from 2027, which is why it can't be allowed to happen.

Utter garbage.

Salford (any club), have to take responsibility for their own business decisions.

Bailing them out without consequence tells every other club with SL aspirations that they have no value and no future.

If SRD must make their business sustainable or step away.

Don't start with the "potential Manchester market" guff either.

[Harry Stottle]

14 hours ago, Father Ted said:

If Salford are so short of money then down the season players may well not get paid. Transfer requests wouldn't be very far off if that occurred.

That might be a self righting situation. If the RFL/SL allowed it to get that far.

They did with Toronto, hopefully for the players sake the authorities have learned a lesson.

[RigbyLuger]

13 minutes ago, Martyn Sadler said:

 That's correct in all respects.

It won't just damage Salford, but Super League as a whole at a crucial time when thoughts are turning to a new broadcasting contract from 2027, which is why it can't be allowed to happen.

Do we know how losing TWO Premiership clubs has effected the union TV deal?

[Martyn Sadler]

7 minutes ago, RigbyLuger said:

Do we know how losing TWO Premiership clubs has effected the union TV deal?

Very significantly.

Although they are very secretive about their deal with TNT Sports I understand that the recent two-year deal they signed will see them being paid less than we earn from Sky.

[Martyn Sadler]

10 minutes ago, dboy said:

Utter garbage.

Salford (any club), have to take responsibility for their own business decisions.

Bailing them out without consequence tells every other club with SL aspirations that they have no value and no future.

If SRD must make their business sustainable or step away.

Don't start with the "potential Manchester market" guff either.

That form of extreme laissez-faire economics would be fine if an individual club's problems didn't affect the competition as a whole.

But unfortunately it does and therefore it is in the game's interest to find a solution that doesn't damage the competition, or at least minimises the damage.

[Bull Mania]

9 minutes ago, RigbyLuger said:

Do we know how losing TWO Premiership clubs has effected the union TV deal?

I think TNT were wanting some form of compensation/reduction in TV monies for having less broadcastable games. 

Madness this is happening, when we've had a major restructure of the sport based purely clubs been graded as businesses. Yet one of the 12 clubs was effectively bankrupt weeks after the gradings and now even after the advancement of £500k looks like it won't save them unless a buyer is found within days.