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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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| Quote ="SmokeyTA"had they had the issues widnes had had, they would be in the same position
but as they dont, they arent'"
They'd have even more worrying issues than Widnes. An Unknown quantity and the disaster that was PSG.
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| Quote ="Pepe"Which were all solved by the kindness of a stranger don't forget.'"
or solved by their business plan, with no history administration within the past year
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| Quote ="SmokeyTA"not as a bond., but i would hope they would be budgetting for that as guaranteed spending over the three years'"
It would be impressive if they could do both though wouldn't it?
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| Quote ="littlerich"£3m.'"
Not enough , that would only last them 1/2 years at most
You'd want a guarantee of a max SC spend for 6 years to accept a brand new club directly into SL , in Cash , because You could not trust them to stay if things didn't go to plan
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| Quote ="littlerich"They'd have even more worrying issues than Widnes. An Unknown quantity and the disaster that was PSG.'"
Widnes were apparently an unknown quantity, and then there was the disaster of less than a year ago (at the time) of Widnes
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| Quote ="SmokeyTA"or solved by their business plan, with no history administration within the past year'"
3 year plan put forward with the guarantees of a £500,000 bond. None of which was criticized by the RFL in it's report. Only the administration was criticized.
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| Quote ="Pepe"It would be impressive if they could do both though wouldn't it?'"
it would be impressive if they had £20M sat in the bank yes
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| Quote ="SmokeyTA"it would be impressive if they had £20M sat in the bank yes'"
£20M?
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| Quote ="SmokeyTA"not as a bond., but i would hope they would be budgetting for that as guaranteed spending over the three years'"
RL club administrators have a long history of telling lies , let alone the people running the sport as well
Cash in the bank released monthly back to them
6 years or nothing , anything other than that would be a disgrace
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| Quote ="Starbug"RL club administrators have a long history of telling lies , let alone the people running the sport as well
Cash in the bank released monthly back to them
6 years or nothing , anything other than that would be a disgrace'"
what kind of business starts with 6 years outgoings sat in the bank before its first day trading?
if they had year 6 money ready, they would be better placed spending more in years 1-3
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| Quote ="SmokeyTA"Widnes were apparently an unknown quantity, and then there was the disaster of less than a year ago (at the time) of Widnes'"
Problem is, if a Paris club failed again - what effect would this have on expansion plans, especially in the media and to potential future investors? The RFL would need sureties, they'd need to make damn sure it was going to work.
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| Quote ="littlerich"Problem is, if a Paris club failed again - what effect would this have on expansion plans, especially in the media and to potential future investors? The RFL would need sureties, they'd need to make damn sure it was going to work.'"
why would Paris failure 15 years apart be more embarrassing than the promotion and failure again of widnes within 5 years
i would hope before any club is promoted the RFL are almost certain its going to work
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