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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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| Quote ="SmokeyTA"why would Paris failure 15 years apart be more embarrassing than the promotion and failure again of widnes within 5 years'"
It wouldn't be.
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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.'"
If the finances are in place then it wont fail. The RFL just need to make sure that they are and have watertight guarantees.
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| Quote ="cherrydevil"If the finances are in place then it wont fail. The RFL just need to make sure that they are and have watertight guarantees.'"
Wrong , lots of businesses , especially sport based businesses have had finance in place and have failed
£ 10 million in cash would be about right
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| Quote ="SmokeyTA"why would Paris failure 15 years apart be more embarrassing than the promotion and failure again of widnes within 5 years'"
Because it would ruin the RFL sponsored expansion plan. And the fifteen years apart bit - would mean that, after another fifteen years the game still can't plant a team in Paris. It just wouldn't look good for that particular area of the RFL's strategy.
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| Quote ="SmokeyTA"why would Paris failure 15 years apart be more embarrassing than the promotion and failure again of widnes within 5 years
'"
Simple really , if the argument is that Paris joining SL would be a massive possitive to the sport , much more than Widnes joining SL
Then surely the failure of such a high profile venture would be a massive blow to the sport if it failed
So , Money up front , no big ' promises ' , no fancy bull business plans , if they are so bloody clever and good at running a sports business as has been posted on here then they should be confident enough to stump up the cash
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| Quote ="littlerich"Because it would ruin the RFL sponsored expansion plan. And the fifteen years apart bit - would mean that, after another fifteen years the game still can't plant a team in Paris. It just wouldn't look good for that particular area of the RFL's strategy.'"
it wouldnt look good, but it wouldnt be disastrous,
there will at some point in the future be clubs that fail, it happens unfortunately
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| Quote ="Starbug"Simple really , if the argument is that Paris joining SL would be a massive possitive to the sport , much more than Widnes joining SL
Then surely the failure of such a high profile venture would be a massive blow to the sport if it failed
So , Money up front , no big ' promises ' , no fancy bull business plans , if they are so bloody clever and good at running a sports business as has been posted on here then they should be confident enough to stump up the cash'"
it would be a blow, but not one that we need to avoid at all costs, we dont lose more trying and failing than not trying at all
and no club is going to pay year 6 costs before receiving year one income
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| Quote ="Starbug"Wrong , lots of businesses , especially sport based businesses have had finance in place and have failed '"
If they are backed by a multi millionaire, follow the Stade Francais model and the RFL get guarantees and some sort of a bond then they wont fail. That is what I am talking about when I say finance and guarantees. Take the extreme example of £10 million then they could operate at a loss for years before they even come close to going out of business.
All of the expansion clubs that have failed have failed because they werent well funded in the first place. This meant they couldnt afford to develop the club or the game in the area properly or even stay in business for long enough to build. A well funded club, with funding for say 5 years, with money to develop the club and the game as well as build a good team is an entirely different prospect. No expansion club has ever had this before and I am not saying that Paris has. However if they have then the RFL would be stupid to say no.
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| Quote ="SmokeyTA"it would be a blow, but not one that we need to avoid at all costs, we dont lose more trying and failing than not trying at all
and no club is going to pay year 6 costs before receiving year one income'"
Why not , all that would tell me is they are not confident of success
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| Quote ="Starbug"Simple really , if the argument is that Paris joining SL would be a massive possitive to the sport , much more than Widnes joining SL
Then surely the failure of such a high profile venture would be a massive blow to the sport if it failed
So , Money up front , no big ' promises ' , no fancy bull business plans , if they are so bloody clever and good at running a sports business as has been posted on here then they should be confident enough to stump up the cash'"
Spot on, but there is no reason why we could not have them and Widnes in next time around. Currently though Toulouse are in with a good shout if they can win a final, they got a huge crowd for the international.
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| Quote ="cherrydevil"If they are backed by a multi millionaire, follow the Stade Francais model and the RFL get guarantees and some sort of a bond then they wont fail. That is what I am talking about when I say finance and guarantees. Take the extreme example of £10 million then they could operate at a loss for years before they even come close to going out of business.
All of the expansion clubs that have failed have failed because they werent well funded in the first place. This meant they couldnt afford to develop the club or the game in the area properly or even stay in business for long enough to build. A well funded club, with funding for say 5 years, with money to develop the club and the game as well as build a good team is an entirely different prospect. No expansion club has ever had this before and I am not saying that Paris has. However if they have then the RFL would be stupid to say no.'"
Why is that ' extreme ' ? , it is about half of the money required to run a club in paris for 6 years , they would have to take another 10 million over that time to break even
Or are you saying that a city the size of London cannot support one SL club ?
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