Deloitte

[hunsletgreenandgold]

https://www.bbc.co.uk/sport/rugby-league/articles/cy417xx94kyo 

Sounds promising, even if the detail is lacking 

[Tommygilf]

Good partner to have on board. Will expect professional conduct and high standards.

[FearTheVee]

Expect this is for them to act on behalf of SL in any NRL deal

[Click]

Just don't read the comments underneath the article, RL fans are a miserable bunch

[JonM]

50 minutes ago, Click said:

Just don't read the comments underneath the article,

That's true of just about any big media site, for any topic. It's not RL specific (although I agree RL fans do bring our own special kind of misery to these things).

[Just Browny]

I see we have a few management consultants on the forum. I can't see any point in this; I thought our club owners were equipped with all the know-how we need, not to mention Nigel's accountancy skills.

[Archie Gordon]

11 minutes ago, Just Browny said:

I see we have a few management consultants on the forum. I can't see any point in this; I thought our club owners were equipped with all the know-how we need, not to mention Nigel's accountancy skills.

It is a bit odd.

We have strategic partners already. This seems to be about recapitalisation and paying for accounting/operational/legal expertise on that might make sense but the RFL press release hands out two Deloitte email addresses for interested parties to contact. What on Earth is that about?

[Damien]

What are Deloitte actually doing that RL Commercial or IMG can't do? Haven't we got a 12 year strategic plan laid out or is this torn up at this point?

I am not against availing of outside expertise per se but would like to know the rationale. I certainly hope it's not just pay Deloitte money to try and get PE investment. That is a path we have already wasted money on.

[gingerjon]

Was recapitalisation one of the 144 strategic review points?

[gingerjon]

26 minutes ago, gingerjon said:

Was recapitalisation one of the 144 strategic review points?

Answer my own question: it’s no. 143.

[Archie Gordon]

7 minutes ago, gingerjon said:

Answer my own question: it’s no. 143.

Blimey. Red face for me. I thought this was just another wheeze.

[LeeF]

I hope that all the club owners are aware of any fees that may be due to Deloittes

[welshmagpie]

Wife works for Deloitte, I mentioned this news to her today. Here was her response:

”Yeah I saw that on the company newsletter, we’re pretty good at sh*t like that - we had something to do with cricket and tennis as well.”

I’ll back her insight! 

[Coggo]

42 minutes ago, welshmagpie said:

Wife works for Deloitte, I mentioned this news to her today. Here was her response:

”Yeah I saw that on the company newsletter, we’re pretty good at sh*t like that - we had something to do with cricket and tennis as well.”

I’ll back her insight! 

Right.

To not hire a third party to conduct due diligence on the biggest commercial deal in British rugby league for 30 years would be negligence. 

[M j M]

It'll be DD as said. Money for old rope for Deloitte and it rarely produces much everyone didn't already know -  but it has to be done.

[Whippet13]

I regularly have to work with Deloitte, how successful this is will depend on what the RFL are paying - Deloitte have some very good people, but they also have some very inexperienced trainees needing low risk experience.

[Trebian]

14 hours ago, Damien said:

What are Deloitte actually doing that RL Commercial or IMG can't do? Haven't we got a 12 year strategic plan laid out or is this torn up at this point?

I am not against availing of outside expertise per se but would like to know the rationale. I certainly hope it's not just pay Deloitte money to try and get PE investment. That is a path we have already wasted money on.

That is what it sounds like to me.

[Trebian]

11 hours ago, Coggo said:

Right.

To not hire a third party to conduct due diligence on the biggest commercial deal in British rugby league for 30 years would be negligence. 

If that is what it is then OK but it sounds a bit like P.E. to me.

[gingerjon]

Deloitte and cricket: https://www.deloitte.com/uk/en/about/story/impact/a-game-changer-for-cricket-in-england-and-wales.html

Deloitte and tennis: https://www.deloitte.com/uk/en/alliances/opening-up-tennis.html

Two very different pieces of work.