Salford financial issues(again…)

[İzmir Rugby League]

[Simon Hall]

1 minute ago, İzmir Rugby League said:

MANCÆSTER?

AI slop.

[RS]

Salford tweeted a picture of flags and nothing else looks like it could be a done deal 

[The 4 of Us]

“Overseas investment group”

https://www.examinerlive.co.uk/sport/rugby-league/major-update-salford-red-devils-30839039

[M j M]

3 minutes ago, RS said:

Salford tweeted a picture of flags and nothing else looks like it could be a done deal 

Or is it just an image from their media day?

[Chronicler of Chiswick]

3 minutes ago, The 4 of Us said:

“Overseas investment group”

https://www.examinerlive.co.uk/sport/rugby-league/major-update-salford-red-devils-30839039

Probably the Mongolian Yak Butter Co-operative.

[Damien]

2 minutes ago, The 4 of Us said:

“Overseas investment group”

https://www.examinerlive.co.uk/sport/rugby-league/major-update-salford-red-devils-30839039

Hopefully its genuine backers with decent financial resources behind them.

I have seen the term 'Overseas investment group', or similar, used to describe all manner of people taking over clubs. Sounds good but the reality can be quite different.

[The Masked Poster]

I'm not sure that statement comes across as anything more than a bid to buy a bit of time. 'hopefully' 'maybe' 'probably'. Not convinced. 

[RigbyLuger]

Where's the fella that bought North Wales?

[Exiled Wiganer]

2 hours ago, M j M said:

Yes but it's still rented by the Wigan company and, for the purposes of what we're looking at here (which is historical data anyway) the employment costs of maintaining and running it won't be born by Wigan.

They are all the same group. It’s all Danson’s money/assets. How he chooses to charge/recharge things is up to him, and I am sure he will organise his affairs efficiently. So, I suspect the financial picture is not quite as straight forward as “Wigan leases”. It’s a detail point, I agree with the main thrust of your analysis. 

[Ackroman]

1 hour ago, Damien said:

Hopefully its genuine backers with decent financial resources behind them.

I have seen the term 'Overseas investment group', or similar, used to describe all manner of people taking over clubs. Sounds good but the reality can be quite different.

Did they get an email asking if they would kindly deposit $12,000,000 from a Nigerian bank account?

[Dave W]

1 hour ago, Chronicler of Chiswick said:

Probably the Mongolian Yak Butter Co-operative.

Headed by Dr Karwan Moo-cash

[Agbrigg]

1 hour ago, The 4 of Us said:

“Overseas investment group”

https://www.examinerlive.co.uk/sport/rugby-league/major-update-salford-red-devils-30839039

I reckon it's Russel Crowe, they have gazumped the offer of Cas

[Taffy Tiger]

4 hours ago, dboy said:

So the worse your financial performance pilar score is in the first place - the less the punishment is!

50% of nowt, is nowt.

I think their finance score was 2.15 , so half of that is 1.075 . That would move them to 12.895 and behind Toulouse .

 

It also puts them within touching distance of London , York and Bradford (presuming these teams all continue to improve) and in real danger of losing their SL spot if this were to happen , with a further 0.35 points up for grabs for the Championship Teams as well in 2025 .

 

[dboy]

1 minute ago, Taffy Tiger said:

I think their finance score was 2.15 , so half of that is 1.075 . That would move them to 12.895 and behind Toulouse .

 

It also puts them within touching distance of London , York and Bradford (presuming these teams all continue to improve) and in real danger of losing their SL spot if this were to happen , with a further 0.35 points up for grabs for the Championship Teams as well in 2025 .

 

You miss the principle.

A club on 5 points experiencing exactly the same financial episode would lose 2.5 points. It hits them harder for the same situation.

Hopefully it will never be tested.

[Taffy Tiger]

2 minutes ago, dboy said:

You miss the principle.

A club on 5 points experiencing exactly the same financial episode would lose 2.5 points. It hits them harder for the same situation.

Hopefully it will never be tested.

Whilst I see your point , it is highly unlikely that any team will be on 4.5 (max finance score not 5) in this scenario , otherwise they wouldn't be in financial trouble in the first place . A score in the range of 2-2.5 points would probably be the norm in this case .

[dboy]

6 minutes ago, Taffy Tiger said:

Whilst I see your point , it is highly unlikely that any team will be on 4.5 (max finance score not 5) in this scenario , otherwise they wouldn't be in financial trouble in the first place . A score in the range of 2-2.5 points would probably be the norm in this case .

As I say, hopefully it will never be tested.

I think the idea of a points system/penalties is to try and keep them on the straight and narrow in the first place.

 

[The 4 of Us]

1 hour ago, RigbyLuger said:

Where's the fella that bought North Wales?

Busy selling his old Uni 2nd XV kit.

[Dullish Mood]

Salford are BACK baby.

[The 4 of Us]

4 hours ago, Dullish Mood said:

Salford are BACK baby.

?

[The Future is League]

4 hours ago, Dullish Mood said:

Salford are BACK baby.

Link

[LeytherRob]

1 hour ago, The 4 of Us said:

?

 

46 minutes ago, The Future is League said:

Link

It’s been confirmed a bid has been placed, we don’t know who by or what’s involved yet, or the timeline for completion.

[redsi42]

Has anybody been sold yet? Is anyone expecting any sales soon?

[Dullish Mood]

2 hours ago, The Future is League said:

Link

To what?  It’s just vibes baby. We’ll play out of Wakey’s Camp Nou if needed.

[sweaty craiq]

8 hours ago, Dullish Mood said:

Salford are BACK baby.

Hope so pal, I heard council bail out??