Salford financial issues(again…)

[Dullish Mood]

1 minute ago, dboy said:

Has she got £3m to give you?

It wouldn't be an 11 team SL - both Bulls and Toulouse would take their chance.

 

Take a break mate, this is clearly not good for your mental health or blood pressure.  It’s not worth it….

[dboy]

2 minutes ago, Charlie said:

Love how you’ve got all this saved  

 

btw the club was run dreadful under the dr and he left a mess

Saved? Do you know how the internet works??

There's a thing called a "browser" - you put in "search terms" of what you want to know and it searches the internet for the relevant information.

Bloody amazing it is.

Edited November 24, 2024 by dboy

[RayCee]

Clubs in sport today need a wealthy owner who is prepared to put in money when needed. Toronto's owner didn’t have the money required and they folded. The London Broncos now need such an owner. 

Salford don’t have the luxury of a backer who could have stepped in to tide the club over until the stadium issue is sorted. As they seem to live from hand to mouth, any hold up in cash coming in and they struggle.

Salford have done amazingly well in the situation they live with and still be in SL competitively. In doing so, they sail close to the wind and at times get caught out.

The issue is IMO can a club sustain SL existence with the lack of a well heeled backer? If not, then Salford will ultimately end up in a lower division.  I can’t see any other outcome, hence my hope that some like Sir James would step up to the plate and for a modest outlay, assist in their survival in SL. Otherwise, it’s only a matter of time before it all catches up with them.

In the meantime, we wait for the outcome on whether they get an advance or not. But that doesn’t alter the issue of their long term survival at the elite level.

[wroteforluck87]

1 hour ago, dboy said:

SRD spend more money than they generate.

Forgive my ignorance but is it not the case that the majority of SL teams spend more than they generate?

The only difference being that SRD don't have a "sugar daddy" owner to keep the wolf from the door? 

[Trojan Horse]

10 minutes ago, wroteforluck87 said:

Forgive my ignorance but is it not the case that the majority of SL teams spend more than they generate?

The only difference being that SRD don't have a "sugar daddy" owner to keep the wolf from the door? 

But surely the reason these clubs do that is because side they most certainly do have an owner to cover this. 
 

I would suggest if they didn’t then they would be in the position of not spending and limiting outgoings. Wherever that may be within their business. 

[dboy]

8 minutes ago, wroteforluck87 said:

Forgive my ignorance but is it not the case that the majority of SL teams spend more than they generate?

The only difference being that SRD don't have a "sugar daddy" owner to keep the wolf from the door? 

I see what you are meaning, but "generate" includes any monies put in by a Beaumont/Moran/Ellis/Davy etc.

The money out is covered by money in, in whatever form that takes.

SRD don't have a sugar daddy and shouldn't spend what they don't have - especially on luxury players.

[wroteforluck87]

1 minute ago, dboy said:

I see what you are meaning, but "generate" includes any monies put in by a Beaumont/Moran/Ellis/Davy etc.

The money out is covered by money in, in whatever form that takes.

SRD don't have a sugar daddy and shouldn't spend what they don't have - especially on luxury players.

Don't get me wrong it's definitely a dangerous game that SRD are playing.

Maybe IMG could start deducting points for wreckless spending but I would include top ups from wealthy backers/owners in that bracket too because on face value it appears the bulk of the league are operating on an unsustainable financial model.  

The irony of that comment hasn't been lost on me either as my club have had a small fortune that chucked at them which resulted in promoted last season. I'm not privy to the ins and outs of ORLFC but I would image we've spent a fair bit more than we generated aswell

[LeytherRob]

2 hours ago, Dullish Mood said:

Did I say he shouldn’t be able to comment?

2 hours ago, Dullish Mood said:

I support Warrington.  So it’s Wakefield?  Wow.  I can’t really add any more to this now, my irony meter has just exploded.

You are clearly insinuating his opinion is worth less because he supports Wakefield. If anything, Wakefield fans have far more right to be angry than anyone in the division because prior to Matt Ellis coming in, the costs they had to cut to the squad to make the stadium updates they did under Carter and Minards consigned them to relegation. They didn't have a rich benefactor at the time and they cut their cloth accordingly. Castleford did the same last season - spent money investing into their stadium which was long overdue and went with an incredibly young and inexperienced squad to save cost to be spent elsewhere. Salford are trying to have their cake and eat it, have a top 6 squad with no money man and a bottom 2 fanbase and income level.

Will things improve for Salford under a new stadium deal? Most likely. Will it be enough to break even as a top 6 club? Not a chance. Doesn't matter how good a deal, it's still a rented council stadium with a modest 5k fanbase and if there was some secret sauce to make that work as a top 6 club spending close to cap on £1.3M central distribution AND running a Cat 1 academy, I'm pretty sure everyone would be doing it by now.

 

[LeytherRob]

3 minutes ago, wroteforluck87 said:

Don't get me wrong it's definitely a dangerous game that SRD are playing.

Maybe IMG could start deducting points for wreckless spending but I would include top ups from wealthy backers/owners in that bracket too because on face value it appears the bulk of the league are operating on an unsustainable financial model.  

The irony of that comment hasn't been lost on me either as my club have had a small fortune that chucked at them which resulted in promoted last season. I'm not privy to the ins and outs of ORLFC but I would image we've spent a fair bit more than we generated aswell

1. It's only unsustainable if the owners aren't guaranteeing to underwrite it but they are and 2. You should probably take a step back and think about what the sport looks like in 3 years time if you would like to punish owners investing in the sport.

[wroteforluck87]

Just now, LeytherRob said:

1. It's only unsustainable if the owners aren't guaranteeing to underwrite it but they are and 2. You should probably take a step back and think about what the sport looks like in 3 years time if you would like to punish owners investing in the sport.

Two good points, very well made

[LeytherRob]

2 minutes ago, wroteforluck87 said:

Two good points, very well made

Thank you, owner investment should not be thought of as a dirty word. The game needs more investment top to bottom, it just needs it done the right way - I can say this from experience as a Leigh fan who has seen DB invest in the absolute wrong way(2016-2018) and the right way (2022-present).

[Dullish Mood]

26 minutes ago, LeytherRob said:

You are clearly insinuating his opinion is worth less because he supports Wakefield. If anything, Wakefield fans have far more right to be angry than anyone in the division because prior to Matt Ellis coming in, the costs they had to cut to the squad to make the stadium updates they did under Carter and Minards consigned them to relegation. They didn't have a rich benefactor at the time and they cut their cloth accordingly. Castleford did the same last season - spent money investing into their stadium which was long overdue and went with an incredibly young and inexperienced squad to save cost to be spent elsewhere. Salford are trying to have their cake and eat it, have a top 6 squad with no money man and a bottom 2 fanbase and income level.

Will things improve for Salford under a new stadium deal? Most likely. Will it be enough to break even as a top 6 club? Not a chance. Doesn't matter how good a deal, it's still a rented council stadium with a modest 5k fanbase and if there was some secret sauce to make that work as a top 6 club spending close to cap on £1.3M central distribution AND running a Cat 1 academy, I'm pretty sure everyone would be doing it by now.

 

I’m saying anyone supporting Wakefield and pontificating about other clubs should put the stones down whilst in the biggest glass house in the sport.  They’ve been a mess, a shambles, an embarrassment to the game for 20 years.  The epitome of the way this game has gone in that said 20 years.  The sort of club that has held the game back massively.  Running the race at the pace of the slowest clubs.    End of.  I can’t and won’t say any more.

[dboy]

6 minutes ago, Dullish Mood said:

I can’t and won’t say any more.

Goodbye.

[sam4731]

59 minutes ago, LeytherRob said:

Thank you, owner investment should not be thought of as a dirty word. The game needs more investment top to bottom, it just needs it done the right way - I can say this from experience as a Leigh fan who has seen DB invest in the absolute wrong way(2016-2018) and the right way (2022-present).

I think there is a balance. No club should be over reliant on any 1 income stream, to run a business on such a knife edge is irresponsible. I actually think the major issue of over reliance is on central funding. A lot of clubs need to be in SL to survive. (Salford included) That is just ridiculous.

[LeytherRob]

2 minutes ago, sam4731 said:

I think there is a balance. No club should be over reliant on any 1 income stream, to run a business on such a knife edge is irresponsible. I actually think the major issue of over reliance is on central funding. A lot of clubs need to be in SL to survive. (Salford included) That is just ridiculous.

I agree, and i think in some ways the reduction in central funding in the post middle 8's TV deals has woken many clubs up who were resting on their laurels and a fat central distribution that wasn't that far below the cap. There is still much work to do for clubs, but there are definitely more clubs with better income streams outside of central funding or owner input than there was a decade ago.

[OMEGA]

50 minutes ago, Dullish Mood said:

I’m saying anyone supporting Wakefield and pontificating about other clubs should put the stones down whilst in the biggest glass house in the sport.  They’ve been a mess, a shambles, an embarrassment to the game for 20 years.  The epitome of the way this game has gone in that said 20 years.  The sort of club that has held the game back massively.  Running the race at the pace of the slowest clubs.    End of.  I can’t and won’t say any more.

No they haven’t, that’s a massive overstatement and just childish.

Yes Wakefield have struggled and 12 to 20 years ago they had some embarrassing financial meltdowns but they have also had some remarkable seasons, made and shaken the play offs and for the last 12 years have been financially prudent.

You must forgive us for not having a wealthy benefactor but that doesn’t mean we weren’t being genuine in our efforts to be better.

[Agbrigg]

3 hours ago, Dullish Mood said:

I’m saying anyone supporting Wakefield and pontificating about other clubs should put the stones down whilst in the biggest glass house in the sport.  They’ve been a mess, a shambles, an embarrassment to the game for 20 years.  The epitome of the way this game has gone in that said 20 years.  The sort of club that has held the game back massively.  Running the race at the pace of the slowest clubs.    End of.  I can’t and won’t say any more.

Dont talk like a Pit Lark, Wakefield havnt held the game back at all. They've hung in there because against all the odds no one else could do a better job and take their place. AS a result of that, they are sitting in a very comfortable place and will be one of the strongest and better run teams in SL. 

 

[Trojan Horse]

2 hours ago, OMEGA said:

No they haven’t, that’s a massive overstatement and just childish.

Yes Wakefield have struggled and 12 to 20 years ago they had some embarrassing financial meltdowns but they have also had some remarkable seasons, made and shaken the play offs and for the last 12 years have been financially prudent.

You must forgive us for not having a wealthy benefactor but that doesn’t mean we weren’t being genuine in our efforts to be better.

I wouldn’t give Dullish my time. Just a waste of time and effort who clearly wants to turn a topic about Salford into a chance to kick Trinity. 
 

Trinity paid their dues and were bullied by many other clubs fans who revelled in seeing the club try its best but not quite reach the heights it wanted to. Some are insistsant on still kicking the club even now a couple of years after its got its act together. 
 

Dullish would know full well that in those years there was in fact infrastructure built in two stands and the boxes on south as well as many attempts at trying to make headway with organisations regards stadia. They just want to deflect the actual point of the whole topic and enjoy some good old fashioned trinity bashing like I’m sure they’ve missed. It’s quite sad. 

Edited November 24, 2024 by Trojan Horse

[PREPOSTEROUS]

https://www.examinerlive.co.uk/sport/rugby-league/salford-red-devils-investment-crisis-30442180

[dkw]

11 hours ago, Dullish Mood said:

I’m saying anyone supporting Wakefield and pontificating about other clubs should put the stones down whilst in the biggest glass house in the sport.  They’ve been a mess, a shambles, an embarrassment to the game for 20 years.  The epitome of the way this game has gone in that said 20 years.  The sort of club that has held the game back massively.  Running the race at the pace of the slowest clubs.    End of.  I can’t and won’t say any more.

So he isnt allowed to question Salford, but its ok for you to throw that kind of childish, petulant rubbish at Wakefield, is that how you think this works?

[Forever Trinity]

12 hours ago, Dullish Mood said:

I’m saying anyone supporting Wakefield and pontificating about other clubs should put the stones down whilst in the biggest glass house in the sport.  They’ve been a mess, a shambles, an embarrassment to the game for 20 years.  The epitome of the way this game has gone in that said 20 years.  The sort of club that has held the game back massively.  Running the race at the pace of the slowest clubs.    End of.  I can’t and won’t say any more.

There is only one person pontificating here!

[Agbrigg]

46 minutes ago, PREPOSTEROUS said:

https://www.examinerlive.co.uk/sport/rugby-league/salford-red-devils-investment-crisis-30442180

All seems very vague. I am surprised they are not claiming an anonymous donor has agreed to pay them a 'significant lump sum' and the cheque is in the post.

[The Future is League]

28 minutes ago, Agbrigg said:

All seems very vague. I am surprised they are not claiming an anonymous donor has agreed to pay them a 'significant lump sum' and the cheque is in the post.

Possibly trying to buy some time in the hope that a donor comes along.

[Chronicler of Chiswick]

Out of curiosity, does anyone here know when the meeting is and when we can expect an announcement?

[dboy]

1 hour ago, PREPOSTEROUS said:

https://www.examinerlive.co.uk/sport/rugby-league/salford-red-devils-investment-crisis-30442180

Blimey, that was a timely stroke of luck.

Weird that they didn't mention it last week.

Forgive me if I take this "news" with a pinch of salt.