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| Quote ="SmokeyTA"because, as you are choosing to ignore, there was a chance, Widnes' bid just wasnt good enough to ignore the financial issues which had gone previously
they could however have submitted a better bid, that was good enough to ignore the financial issues which had gone before, but they didnt,
the RFL couldnt have known whether the bid they submitted was good enough or not until they had judged it, and they couldnt have judged it until it had been submitted'"
Total bollox , and you know it , a £ 500 K cash bond was more than enough to even up any financial worries
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| Quote ="SmokeyTA"because, as you are choosing to ignore, there was a chance, Widnes' bid just wasnt good enough to ignore the financial issues which had gone previously
they could however have submitted a better bid, that was good enough to ignore the financial issues which had gone before, but they didnt,
the RFL couldnt have known whether the bid they submitted was good enough or not until they had judged it, and they couldnt have judged it until it had been submitted'"
So you're saying that Widnes' administration wasn't a major issue which could've barred them from obtaining a licence?
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| Quote ="Starbug"Total bollox , and you know it , a £ 500 K cash bond was more than enough to even up any financial worries'"
a £500k bond shouldnt have been needed, the fact the business plan showed it was needed as well as the losses Widnes have incurred since (as a going concern) show that to be a good decision
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| Quote ="SmokeyTA"a £500k bond shouldnt have been needed, the fact the business plan showed it was needed as well as the losses Widnes have incurred since (as a going concern) show that to be a good decision'"
All those "losses" are part of the club restructuring that happened after SOC took over. Every penny was paid for by Syeve O'Connor in the form of a gift. Widnes vikings currently have no debts.
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| Quote ="SmokeyTA"a £500k bond shouldnt have been needed, the fact the business plan showed it was needed as well as the losses Widnes have incurred since (as a going concern) show that to be a good decision'"
So any club with losses should not get a franchise by that logic
I'm sure you'll be happy , playing with yourself
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| Quote ="Pepe"So you're saying that Widnes' administration wasn't a major issue which could've barred them from obtaining a licence?'"
it was an issue, and it did mean the started behind the 8 ball, it was a negative for their bid,
but it didnt preclude them from either bidding or obtaining a licence, it just made it more difficult
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| Quote ="Pepe"Widnes vikings currently have no debts.'"
That's daft - paying suppliers in cash? I'd at least take advantage of the 30 day terms most suppliers offer
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| Quote ="Starbug"So any club with losses should not get a franchise by that logic
I'm sure you'll be happy , playing with yourself'"
yes, because thats exactly what i said, that and i think I insulted your dad aswell somewhere in there
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| Quote ="SmokeyTA"a £500k bond shouldnt have been needed, the fact the business plan showed it was needed as well as the losses Widnes have incurred since (as a going concern) show that to be a good decision'"
Immediately after the licence announcements Lewis praised the Vikings bid, and stated that the Widnes Vikings have a bright future under the new regime. The business plan put forward was not criticized in the report. It was the administration which was put forward soley as the reason for rejection.
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| Quote ="littlerich"That's daft - paying suppliers in cash? I'd at least take advantage of the 30 day terms most suppliers offer
'"
Shut it, you!
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| Quote ="Pepe"All those "losses" are part of the club restructuring that happened after SOC took over. Every penny was paid for by Syeve O'Connor in the form of a gift. Widnes vikings currently have no debts.'"
great, but relying on the kindness of strangers isnt a business plan is it
the important point is, that restructuring needed doing, those losses would be made, and a company a few months after going to the wall saying they were going to incur big losses during the necessary restructuring and that for the time being both their status as a going concern aswell as the funding for this necessary restructuring was only going to come in the form of gifts is hardly a company showing its position as a viable entity
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| Quote ="Bradleigh"APART FROM YOUR CHILDISH 'SLAGGING OFF' at LEIGH
ANSWER THE QUESTION
WHY DO WE HAVE HARLEQUINS ?
answers on a postcard ......................'"
maybe it has something to do with one of the biggest areas of junior development in the country
also they are nicer people too
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| Quote ="SmokeyTA"it was an issue, and it did mean the started behind the 8 ball, it was a negative for their bid,
but it didnt preclude them from either bidding or obtaining a licence, it just made it more difficult'"
But it was the only real reason put forward as rejection.
Not the business plan.
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| Quote ="Pepe"But it was the only real reason put forward as rejection.
Not the business plan.'"
i refer you to
Quote ="SmokeyTA"because, as you are choosing to ignore, there was a chance, Widnes' bid just wasnt good enough to ignore the financial issues which had gone previously
they could however have submitted a better bid, that was good enough to ignore the financial issues which had gone before, but they didnt,
the RFL couldnt have known whether the bid they submitted was good enough or not until they had judged it, and they couldnt have judged it until it had been submitted'"
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| Quote ="SmokeyTA"great, but relying on the kindness of strangers isnt a business plan is it
the important point is, that restructuring needed doing, those losses would be made, and a company a few months after going to the wall saying they were going to incur big losses during the necessary restructuring and that for the time being both their status as a going concern aswell as the funding for this necessary restructuring was only going to come in the form of gifts is hardly a company showing its position as a viable entity'"
Widnes put forward a business plan for the following 3 years with a £500,000 guarantee to support this plan. This is pretty much of a cast iron guarantee as any club could've put forward.
The kindness of strangers eh?
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| Quote ="SmokeyTA"i refer you to'"
Of course , the RFL were not aware of the situation at Widnes until the application was submitted , it was
" Oh , they went into administration last year , how did we miss that one "
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| Quote ="Pepe"Widnes put forward a business plan for the following 3 years with a £500,000 guarantee to support this plan. This is pretty much of a cast iron guarantee as any club could've put forward.
The kindness of strangers eh?
'"
I wonder what would happen if Laporte offered to decline Sky funds for three years for a licence for Paris? Dya reckon the RFL and the other SL clubs would bite his hand off? Probably.
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| Quote ="littlerich"I wonder what would happen if Laporte offered to decline Sky funds for three years for a licence for Paris? Dya reckon the RFL and the other SL clubs would bite his hand off? Probably.'"
This is what I understand has been offered. And yes, if the RFL want to continue with expansion, they'd be crazy not to go along with such an offer.
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| Quote ="littlerich"I wonder what would happen if Laporte offered to decline Sky funds for three years for a licence for Paris? Dya reckon the RFL and the other SL clubs would bite his hand off? Probably.'"
How much would he have to put up as a ' bond ' for them to take him seriously ?
You'd have to be looking at 10 million to stand any chance IMO
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| Quote ="littlerich"I wonder what would happen if Laporte offered to decline Sky funds for three years for a licence for Paris? Dya reckon the RFL and the other SL clubs would bite his hand off? Probably.'"
had they had the issues widnes had had, they would be in the same position
but as they dont, they arent
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| Quote ="Starbug"How much would he have to put up as a ' bond ' for them to take him seriously ?
You'd have to be looking at 10 million to stand any chance IMO'"
£3m.
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| Quote ="Starbug"How much would he have to put up as a ' bond ' for them to take him seriously ?
You'd have to be looking at 10 million to stand any chance IMO'"
But they'd be a new company with no history of support.
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| Quote ="SmokeyTA"had they had the issues widnes had had, they would be in the same position
but as they dont, they arent'"
Which were all solved by the kindness of a stranger don't forget.
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| Quote ="Starbug"How much would he have to put up as a ' bond ' for them to take him seriously ?
You'd have to be looking at 10 million to stand any chance IMO'"
not as a bond., but i would hope they would be budgetting for that as guaranteed spending over the three years
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