Quote ="gutterfax"The club owed 2 people.
The Inland Revenue and David Hughes. David Hughes offered to swallow his debt if the IR let the Broncos pay back the 1.5 million over a period of time. The IR refused, the club folded and the rest is history.......
fail to see you bringing this up has any relevance to the thoery that Harlequins Rugby League are not a thriving club. They have no debts...at all. No overdraft, no loans...just a very patient chairman.
Are you saying it's not fair that a business was allowed to fold, reinvent itself and not have to pay what it owed? If so, I would suggest you take that up with the Inland Revenue....they were offered payment but declined and the other SL chairmen who voted for the broncos to stay. I am sure they had their reasons (1.2 million of them)icon_wink.gif'"
I never said that they weren't a 'thriving' club. I was just putting straight the (perfectly legal) way said 'debt free' status was attained. Here's what the RFL had to say about it at the time...
"While London are undoubtedly relieved to have been saved, it cannot be allowed to mask the
serious issue raised,"...
I expect the RFL to review its rules and make recommendations."
Perhaps we can learn something from other sports, particularly as regards the sanctions and penalties that may be available to ensure that
defaulting clubs are not seen to have gained a competitive advantage."
Also, from the BBC...
"The Broncos had to rely on
a narrow vote at Friday's emergency meeting of Super League clubs to allow them to play on"
So, whilst I wish the club every success going forward, I believe that one shouldn't make too much of their debt free status as I doubt many other clubs would've been treated with such leniency.
