Salford financial issues(again…)

[Celtic Roosters]

3 hours ago, The Masked Poster said:

You're avoiding your own point. You think RL should be unique and appoint a system of equal pay for everyone.

Something it has never done in it's entire history. 

Who said anything about equal pay? there have always been clubs who can afford to pay more than others. I just miss the days when more teams had a chance of winning trophies.

Edited March 17 by Celtic Roosters

[Celtic Roosters]

3 hours ago, DoubleD said:

You can’t reason with a socialist 

I don't get that involved in politics - I haven't voted for 37 years.

Edited March 17 by Celtic Roosters

[Celtic Roosters]

2 hours ago, Worzel said:

Big clubs poached the best players from other clubs, by paying them more money, back then too. This past you dream of returning to never really existed.

Yeah, I must have dreamt it. Oh, wait a minute - that's a different thread?

[The Masked Poster]

50 minutes ago, Celtic Roosters said:

Who said anything about equal pay? there have always been clubs who can afford to pay more than others. I just miss the days when more teams had a chance of winning trophies.

That's overcome by ....... having MORE money in the game. Why do you think Bournemouth and Nottingham Forest are currently doing well? It's not by existing on a shoestring.

Newcastle won their first trophy in umpteen years yesterday, did they achieve that by giving half their money to Sunderland? 

I'm afraid you're talking nonsense pal. 

Edited March 17 by The Masked Poster

[Celtic Roosters]

33 minutes ago, The Masked Poster said:

That's overcome by ....... having MORE money in the game. Why do you think Bournemouth and Nottingham Forest are currently doing well? It's not by existing on a shoestring.

Newcastle won their first trophy in umpteen years yesterday, did they achieve that by giving half their money to Sunderland? 

I'm afraid you're talking nonsense pal. 

I think Bournemouth and Nottingham Forest are doing well because they have had shrewd managers who bought talented players that have gelled together well. There are clubs with more money than the ones you have quoted that are further down the league table.

Seems to me it's you that's talking nonsense mate?

[The Masked Poster]

11 minutes ago, Celtic Roosters said:

I think Bournemouth and Nottingham Forest are doing well because they have had shrewd managers who bought talented players that have gelled together well. There are clubs with more money than the ones you have quoted that are further down the league table.

Seems to me it's you that's talking nonsense mate?

Are they operating with more money than clubs in the lower divisions or not? 

Why do they have more money than clubs like Leyton Orient or Harrogate? It's not fair. 

Edited March 17 by The Masked Poster

[Harry Stottle]

1 hour ago, The Masked Poster said:

That's overcome by ....... having MORE money in the game. Why do you think Bournemouth and Nottingham Forest are currently doing well? It's not by existing on a shoestring.

Newcastle won their first trophy in umpteen years yesterday, did they achieve that by giving half their money to Sunderland? 

I'm afraid you're talking nonsense pal. 

Other sports category please.

What is this compulsion posters have to quote wendyball.

[Celtic Roosters]

8 hours ago, The Masked Poster said:

Are they operating with more money than clubs in the lower divisions or not? 

Why do they have more money than clubs like Leyton Orient or Harrogate? It's not fair. 

I'm glad you agree with me. Well done for finally seeing the light.

Edited March 18 by Celtic Roosters

[The Masked Poster]

6 minutes ago, Celtic Roosters said:

I'm glad you agree with me. Well done for finally seeing the light.

No, you're actually complimenting those clubs. And they have a much bigger cash imbalance than RL does.

Yet you disparage RL for not sharing the money around. Maybe you just hate RL?

[RP London]

12 hours ago, Tommygilf said:

It did, in 1894...

Even that's not true which was the whole point of 1895... Players have always been "incentivised" is one format or another, the better you were/the more a club needed you the bigger the incentives

[Celtic Roosters]

1 hour ago, The Masked Poster said:

No, you're actually complimenting those clubs. And they have a much bigger cash imbalance than RL does.

Yet you disparage RL for not sharing the money around. Maybe you just hate RL?

I hate what has happened to the game that I fell in love with and stopped following Manchester United for. I'll bet there are not many people in this Country that have watched RL on as many grounds as I have. That's how much I hate the game. I hate Super Greed - yes, with a passion. You can't compare RL to football anyway. Football, in this Country, is a national game. I rarely watch that above non league level either. Looking forward to visiting Retford FC this Saturday though.

Edited March 18 by Celtic Roosters

[The Masked Poster]

8 hours ago, Harry Stottle said:

Other sports category please.

What is this compulsion posters have to quote wendyball.

I'm only using it as a quick, notable example. Most sports are not that rich either.

[The Masked Poster]

14 minutes ago, Celtic Roosters said:

I hate what has happened to the game that I fell in love with and stopped following Manchester United for. I'll bet there are not many people in this Country that have watched RL on as many grounds as I have. That's how much I hate the game. I hate Super Greed - yes, with a passion. You can't compare RL to football anyway. Football, in this Country, is a national game. I rarely watch that above non league level either. Looking forward to visiting Retford FC this Saturday though.

I'm not comparing RL with football, just your different standards that you apply to the respective sports. 

Let's imagine Retford FC get approached by a Malaysian consortium offering to transform them into a contender, do you think they would tell them to stick it? 

Money is a fact of sport and RL has very little in the scheme of things - even in your so called Super Greed (cringe)

[Chronicler of Chiswick]

16 hours ago, Celtic Roosters said:

I know. I just wish it was like it was when I was drawn to the game, when it was not so predictable and it was an offence to pass the ball forward. Queue the dinosaur comments.

Given that dinosaurs were around for about 200 million years before having a large rock dropped on them and homo sapiens has been around for 200k I'd take being a dinosaur.

[Padge]

12 hours ago, Celtic Roosters said:

Who said anything about equal pay? there have always been clubs who can afford to pay more than others. I just miss the days when more teams had a chance of winning trophies.

Can you expand on what that means/entails and give us a time frame?

[Dave T]

1 hour ago, Celtic Roosters said:

I hate what has happened to the game that I fell in love with and stopped following Manchester United for. I'll bet there are not many people in this Country that have watched RL on as many grounds as I have. That's how much I hate the game. I hate Super Greed - yes, with a passion. You can't compare RL to football anyway. Football, in this Country, is a national game. I rarely watch that above non league level either. Looking forward to visiting Retford FC this Saturday though.

I'll be honest, if I was you and felt this strongly about modern sport, I'd just go and find something else to do. Life's too short.

[DoubleD]

Anyway back on topic, Irwin reveals here what we all deduced:

https://www.thesun.co.uk/sport/33897286/rugby-super-league-salford-money-debt-takeover/amp/

“We’re planning to be under the sustainability cap for another couple of weeks at least. The significant funds coming in are tied in with the stadium and land around it.

“The council has set down what it needs – assurances of the club being viable and ensuring we don’t go under and HMRC don’t call us in.

“Let’s be honest. International investors coming in aren’t interested in rugby league – it’s the land and development opportunities it comes with. We are the caveat for that.

“If it comes off, I’ll run the club and they’ll work on the land and the stadium.”

[DoubleD]

So looks promising that they will survive with the council demanding assurances that the club survives if they are to get their hands on the stadium/land. How long those agreements are in place for will be interesting to see but should hopefully avert any concerns for the coming season(s)

[Tommygilf]

4 minutes ago, DoubleD said:

Anyway back on topic, Irwin reveals here what we all deduced:

https://www.thesun.co.uk/sport/33897286/rugby-super-league-salford-money-debt-takeover/amp/

“We’re planning to be under the sustainability cap for another couple of weeks at least. The significant funds coming in are tied in with the stadium and land around it.

“The council has set down what it needs – assurances of the club being viable and ensuring we don’t go under and HMRC don’t call us in.

 

“Let’s be honest. International investors coming in aren’t interested in rugby league – it’s the land and development opportunities it comes with. We are the caveat for that.

“If it comes off, I’ll run the club and they’ll work on the land and the stadium.”

Seems to me like the funds, or at least a lot of them, are tied to a mortgage of sorts for the land. Its the only reason for a hold up on that front?

[DoubleD]

Just now, Tommygilf said:

Seems to me like the funds, or at least a lot of them, are tied to a mortgage of sorts for the land. Its the only reason for a hold up on that front?

Yes it’ll be asset backed finance

[Taffy Tiger]

That's all well and good , but they aren't under any meaningful Salary Cap restrictions at the moment . They are just naming the 17 man squad that will play on the day , in effect , a couple of days early . That's not a restriction.

Surely , if as they say , they are trying to avoid being called in by HMRC , and also considering the supposed SC restrictions imposed , but not enforced (again) by RFL , the only option is to actually reduce their salary cap to the required level ie £1.2M , by selling players , as they were instructed to do so at the start of the season .

[RP London]

13 minutes ago, Taffy Tiger said:

That's all well and good , but they aren't under any meaningful Salary Cap restrictions at the moment . They are just naming the 17 man squad that will play on the day , in effect , a couple of days early . That's not a restriction.

Surely , if as they say , they are trying to avoid being called in by HMRC , and also considering the supposed SC restrictions imposed , but not enforced (again) by RFL , the only option is to actually reduce their salary cap to the required level ie £1.2M , by selling players , as they were instructed to do so at the start of the season .

They are starting to shift players though to be fair 

[Celtic Roosters]

9 hours ago, Padge said:

Can you expand on what that means/entails and give us a time frame?

No. I can't be bothered. I'm bored now and Snooker has just come on TV. Oh go on then. I saw Blackpool Borough in John Player trophy final, Rochdale Hornets in a Lancashire cup final and York in a Challenge cup final. I remember Featherstone Rovers playing at Wembley a couple of times. I saw Salford knocked out of the Challenge cup at Doncaster and Bramley. It's all far too predictable now.

[Celtic Roosters]

9 hours ago, Dave T said:

I'll be honest, if I was you and felt this strongly about modern sport, I'd just go and find something else to do. Life's too short.

I started ground hopping non league football about 7 years ago and Retford, this Saturday, will be my 218th ground. I'm not even that interested in football but it gets me to visit a new place and have a pint every Saturday. I walk at least 2 miles a day (not bad for 69) and like to do at least 1 serious hike a week. I watch Swinton home games because it gives me something to do on a Sunday and they are close to me. Salford are closer but they are in Super Greed. When non league football season is over I will watch amateur RL.

[dboy]

I'm baffled by this notion that they will suddenly have a £7m cash windfall from this takeover, as well as the idea that an advertising screen will earn them £400k per year.