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| Quote ="Early Bath"The Smith sale was very prudent though wasnt it as he was moving there at the end of the season where the Club would not have recouped a penny.
The other sales were brought about by self interest from the players so any fees to the club were a bonus.
I am talking about a clean slate and the future and again suggest the percentage method as the way forward. Our situation must never happen again.'"
A more realistic % option is to budget to spend 90 % of your previous years income , any monies left over to be spent on marketing, hopefully resulting in an increase in revenue the following year giving an increased playing budget and marketing spend
Unfortunatley it is common practice to budget higher than previously, however as has been posted elsewhere, you really do need a change of attitude from the SMC at Barton
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Club Coach | 2990 | No Team Selected |
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| WF - Not sure why you are being critical of my posts as we are generally on the same side.
For the record its clear Moon wanted away before the end of last season plus Houldswoth after the end. We obtained some good money to keep staff wage payments up to date with that income until indeed the account was frozen.
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International Star | 783 | No Team Selected |
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| Reading that JAW, says that the RFL ,have assured him that, there is a potential buyer in the wings
I wonder if it could be the Aussie club, Perth Western Reds coming in to replace SCR ?
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Player Coach | 1301 | No Team Selected |
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| I'd like the RFL to confirm that's what they said to him.
Why would anyone buy 1914 Limited when they could set up a Newco after administration,provided the League had given them to nod on continued membership of Superleague.
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| Why are they waiting in the wings. Why not just come forward and put you all out of your misery. Incidentally the last investor the RFL brought into our game was the guy at South Wales Crusaders :O
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Club Coach | 710 | No Team Selected |
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| Wilky, Peel, Patten. SCC et al will be DESPERATE for the company not to go into admin for very obvious reasons.
As Bonita says though, why the hell would anyone in their right mind choose to buy 1914 Ltd until after it has been into admin?
This IMO is the reason for the continued impasse.
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| Given that we are subject to a winding up petition, which if successful puts the business into liquidation, can we actually go into administration?
As I understand it administration is a stage before liquidation where an administrator runs the business as a going concern whilst trying to find a buyer, restructuring the debts, doing deals with creditors etc. Is that actually an option?
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| According to the Swinton main forum another petition has been lodged. Luke Patten
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| Quote ="DemonUK"According to the Swinton main forum another petition has been lodged. Luke Patten'"
Thats no problem son. We can only get wound up once - so what difference does another make.
Merry Christmas!
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| Quote ="DemonUK"Why are they waiting in the wings. Why not just come forward and put you all out of your misery. Incidentally the last investor the RFL brought into our game was the guy at South Wales Crusaders :O'"
The RFL cannot bring investment in for sponsorship of the Super Dooper League or the Challenge Cup(as yet) so how they are going to get someone to come in and take on Salford's debt is beyond me.
I really hope the club survives but if it does then a major change in thinking at board level is needed.
Godd luck and Merry Christmas.
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| Quote ="DemonUK"According to the Swinton main forum another petition has been lodged. Luke Patten'"
Nice one Demon..make it look like the Swinton fans are revaling in Salfords demise.
There are a few of us who actually feel for their fans.
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International Chairman | 16250 | No Team Selected |
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| Quote ="RedRoverRedRover"Quote ="DemonUK"According to the Swinton main forum another petition has been lodged. Luke Patten'"
Thats no problem son. We can only get wound up once - so what difference does another make.
Merry Christmas!'"
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