Apologies, I haven't got the hang of this quote thing on here yet. The comments not in boxes in the post above are my responses to Perry's original post.

Question... would Harlequins RL be around if it wasn't for Ian Lennegan's two million?

Isn't the key issue not he should relinquish 65% for nothing but rather why in over two years hasn't anybody come out and bought or at least shown a media interest in buying his shares?

....In my opinion? No!
That said, if my aunt had bollox would she be my uncle? Also, if Wigan hadn't become available would quins be in this stew.....


Oh yes.....without a doubt.
If DH has thrown in 3.2 million over 2 years.....then this equates to IL pumping in 6.4 million........AS WELL! but he didn't have to.........because he made a deal.....
IL got what he wanted......but didn't deliver on the other part...ie....selling us on......so I say Wigan stripped of the Hub Cap...deducted 35 points and immediately demoted to the championship (replaced by widnes) ........

You are of course assuming that the RFL can maintain a secret agenda, which given they can't maintain a coherent open agenda, would be a surprise.
On a more serious note I suspect David Hughes has finally started making a noise as it has become obvious that the RFL won't make any move regarding the Ian Lenegan situation without a good deal of prompting.

www.independent.co.uk/sport/gene ... 66969.html Well respected rugby league journalist Dave Hadfield states that "new investment has been found, although not from the League."

www.independent.co.uk/sport/gene ... 66969.html Well respected rugby league journalist Dave Hadfield states that "new investment has been found, although not from the League."

like most journalits wrong most of the time too! Though this statement is quite light weight so should be right in a sense!

We can all guess wrongly or rightly what is going on at Quins RL.....but Dave Hadfield would hardly waste copy space with a guess.
My feelings on this are that the club had an investor lined up who was willing to take over, but not at the price IL wanted for his shares. As IL was in breach of the deal he struck when he bought Wigan, I believe that David Hughes may have asked the RFL to get involved to force IL's hand. Mt Lenegan was nearly 12 months late in disposing of his shares in Harlequins Rugby League and I would think was given litte choice other than to relinquish his shareholding in either one of the 2 clubs he owns. As it is, his delaying this disposal has cost quins valuable time in player recruitment for 2011 as well as the loss of a few players who we may have tried to keep for next year.

If, as reported, there is a new owner of the club, then this is pretty much a non-event to everyone outside of the London RL community as it is purely a business transaction that has taken place.....but I could be well of the mark.....either way, I have no doubt that we will be flooded with knuckledragger posts about how the RFL have bailed us out AGAIN and how it's terrible that a club like Haven aren't geting the millions of pounds a week that Quins RL receive.

Nothing like a good conspiracy theory to keep trolls happy

It s a disgrace , bloody shandy drinkers bailed out by RFL AGAIN

Starbug, thought you were supposed to be at Keele Services collecting this weeks brown envelope backhander to bring down to London.....

Oi....you farkin' norvan munkee.....it's pimms not bleedin' shandy!

Interesting thing would be have their been ANY bids or even enquiries for IL's shares?

He can't sell if no-one wants to buy so blame him all you want really!

IL Buys into Harlequins RL. As the majority owner, he pumps in cash.
IL Buys Wigan with the condition that he relinquishes any interest in Quins RL in a given timescale which he agrees to.
Nobody wants IL's shares or to pay the alleged 2 million he wants back
IL does not adhere to his agreed timesscale
DH asks for clarification fro the RFL
IL has to relinquish his shares.

I do not blame IL for anything. He is another reason we still have a club in the south East....and it was very unfortunate (for him) that he bought us and THEN Wigan became available...I feel for the guy, but he agreed to the RFL's demands regarding dual ownership.....
In fact, I respect IL......the story about him selling his BMW in the 80's for 8,500 quid to help his company...which he sold 11 years later for 200 million is proof he knows what he is doing!

I thought the RFL was the main financial back of the club?

Why not allow him to stay at Quins as a minority shareholder, taking on an equitable financial burden proportionate to his stake in the club. So he would "only" need to sell 41% of his shares, so looking at finding £1million ish. He could retain his 29% share of the club and invest an equal amount of cash to that which DH puts in, which should make a massive change to the clubs' success.

All this speculation and no-one knows the whole truth. Wait for the announcement tomorrow.

Patience is a virtue.

Tbh it will likely only double then when people call foul no mater what



Best scenario is simply someone has come in after RFL suggested Quins to them and the new investor paid fir ILs shares and start a new from a board point of view!

Ian Lenagan is not allowed by RFL regulations to put any money into any area of Harlequins, despite being the 65% majority shareholder as long as he is involved with Wigan.

Get's rid of Eddie Hemmings ridiculous ideaa then!

A slightly different spin on the speculation........

IL seems to be portrayed as the villan in much of the comment, but I think the truth could be a whole lot simpler....I don`t know whether IL parted on good terms with DH when he bought Wigan, but during his time at Quins and for the period allowed by the RFL after leaving, he put money into the club and always seemed to have the best interests of the club at heart. He was always approachable and mingled with the fans when he was at Quins and was no different when Wigan came down to play us........I took the opportunity to talk to him about the plight of Quins, his share holding etc and he stated that "he was prepared to give his shares away if the right investor came along who was good for Quins" and "that he had spoken to the RFL before and would be talking to them again regarding the situation".......perhaps that new investor has been found and transfer of IL`s interests needed to be sanctioned by the RFL. This new development may have prompted DH to review the current funding structure of the club (including his own input year on year) and he may have taken the opportunity to address the funding of `development and marketing of the game down south`.......so two separate issues, no IL arm twisting or `forcing` but both linked to the long term future of Quins and development of the game. All of which has been interpreted as `Quins have gone bust` and `Quins are being funded by the RFL again`

We shall see tomorrow...

Exactly.

Nice an ideal in theory but if this was the case why would Quins go public doubting their future as a club?

Quote ="J20"Nice an ideal in theory but if this was the case why would Quins go public doubting their future as a club?'" Brian Mac was the one doing the talking. Not the best communicator, evem in his moments of rare verbal clarity. The other take was that Brian McDermott thought he was doing the right thing in getting the ownership issue out in the open. End result is reported here www.google.com/hostednews/ukpres ... yrTXV9TKsg and that Quins have found investment, or have had investment found for them. Think the doubts have not been raised from within and it is still uncertain what exactly has happened with the Lenagan shares and who the new investment is coming from.

Quote ="J20"Nice an ideal in theory but if this was the case why would Quins go public doubting their future as a club?'" Brian Mac was the one doing the talking. Not the best communicator, evem in his moments of rare verbal clarity. The other take was that Brian McDermott thought he was doing the right thing in getting the ownership issue out in the open. End result is reported here www.google.com/hostednews/ukpres ... yrTXV9TKsg and that Quins have found investment, or have had investment found for them. Think the doubts have not been raised from within and it is still uncertain what exactly has happened with the Lenagan shares and who the new investment is coming from.

The whole 'going bust' thing was just a ruse to get rid of the not very good, hot-headed Brian Mac. Genius. Now the truth comes out tomorrow. LMS is collateral damage.