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| I've tried to keep up with what has gone on the last couple of weeks but it seems to me that there are still a number of questions unanswered.
It's great to see people commit to helping the club - be it through LISA or the lottery etc or just getting another person to attend a game.
A number of us have called for it for a long time, but now is the time for the club to be completely open and transparent so that the fans and potenial investors know what the current situation at the club is.
I thought I'd list a few questions - people feel free to answer them or post their questions - hopefully people will answer if they genuinely know the answer or the club will respond.
There are too many rumours going round!
1. Is the club at risk of going into administration/liquidation?
2. Is the club debt free? I thought somebody said the last accounts showed a loss but mostly directors loans?
3. Would the directors want their loans back or be willing to 'rip' them up?
4. Is the problem just our cash flow? If so what is the shortfall? Think somebody mentioned £100k to end of season?
5. What are the other directors/shareholders doing? Are they willing to put money in or have they reached their limit?
6. Would the shareholders/directors be willing to allow an investor to purchase the club for a nominal fee, say £1, on the condition they put in £Xs?
7. Who are currently the directors?
8. Who owns the club?
9. Did Arthur Thomas put his money into the club as personal loans or loans from his companies?
10. Who are the shareholders?
11. Can they pay the players?
12. Can they pay the staff?
13. Has anyone/could anyone start(ed) legal action for unpaid bills?
14. How quickly do they need the money?
15. What does it cost to run the club for a season?
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| You don't want much there do you ?
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| All good questions and here are a few for you:
1. What is your interest in/connection with Leigh Centurions?
2. What have you done/are you doing to support the club through this transitional period?
3. What caused such a lengthy and detailed post after managing just 9 before in the last 18 months?
Maybe if you answer these someone will answer yours!
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| they're all coming out of the woodwork now arent they?
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| All those questions from MJC seem perfectly legitimate to me and are the questions I hope are being asked by Trevor Barton. Other questions I would ask are
Knowing that Alan Rowley was on AT's Company payroll was any other Centurion employee paid directly or indirectly by AT?
Are the tax & NI payments to HMRC up to date?
This will hopefully lead to a better picture as to the financial mess the club is in.
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| Quote ="concerned"All those questions from MJC seem perfectly legitimate to me and are the questions I hope are being asked by Trevor Barton. Other questions I would ask are
Knowing that Alan Rowley was on AT's Company payroll was any other Centurion employee paid directly or indirectly by AT?
Are the tax & NI payments to HMRC up to date?
This will hopefully lead to a better picture as to the financial mess the club is in.'"
And what would you *do* with your newly found knowledge, should you get it?
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| Quote ="concerned"All those questions from MJC seem perfectly legitimate to me and are the questions I hope are being asked by Trevor Barton. Other questions I would ask are
Knowing that Alan Rowley was on AT's Company payroll was any other Centurion employee paid directly or indirectly by AT?
Are the tax & NI payments to HMRC up to date?
This will hopefully lead to a better picture as to the financial mess the club is in.'"
From a sheffield supporter, now im confused
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| Quote ="Paul_Lyon"And what would you *do* with your newly found knowledge, should you get it?'"
I'll tell you when I get an answer!
Sheffield fan? Yes I go to watch them but I was brought up off Chapel Street and have supported and watched Leigh for over 50 years.
So I think I have as much right as anyone to ask the awkward questions about the apparent financial mismanagement of my home town club.
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| Problem you are asking it on the wrong place try
01942 487887
Thanks
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| If a club has been left debt free as reported, how is that financial mismanagement?
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| Quote ="DemonUK"If a club has been left debt free=#BF0000 as reported, how is that financial mismanagement?'"
I just hope it's true!
However if there are no plans in place to continue after AT has pulled out then that is financial mismanagement.
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| If your that concerned ring 01942 487887
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| i dont see why everybodys jumping down everybodys throats! were all just wondering whats happening!
the club need to hurry up and release a frigging statement!
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| Quote ="DemonUK"If a club has been left debt free as reported, how is that financial mismanagement?'"
My only concern on that statement is the 'Directors Loans' showing in the company accounts, if these are wrote off we are debt free, if they are pulled in we go bump - ie it looks like AT covered the shortfalls/paid the bills via directors loans, which seems to be standard practice in sport btw.
The immediate concern was replacing AT's monthly loan, without that we have/had a short term problem and I believe that is where the gap between income and outgoings was stated to be £100k this season.
Long term we need to fill the gap via income and cost controls, that means increasing gates, renegotiating with LSV on both cost and retained income, external income from investment/donations.
I hope we can put solutions in place this week.
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| Personally I don't see anything wrong with posters asking questions on here
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| Fans do not have the data to answer many being asked, they should be directed via email/phone to the club. At present the club are choosing not to communicate, which is not helping the situation imho.
Lets hope for some news, good news, soon.
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| Yes your right but they shouldn't get shot down for doing so we never know it could be someone who wants to help out but with some of the answers on they are getting they won't bother although probably are just interested in whats happening
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| I would imagine if they put 'I am thinking of joining Lisa but could someone tell me if Starbug wears Dicks hats?' it would get a better response than a 'new' poster asking questions nobody has factual answers to.
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| Does AT want his money back? In an email i received back from someone at the LSV it said he wasn't asking for it back. As for the other directors we don't know.
I do remember one director offering his for a penny as log as the buyer agrees to invest x into the club
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| I don't mind people asking questions - its, as someone else has said, people coming out of the woodwork at times like this. Now for all I know the OP could have been/is a salt of the earth Leigh fan who is a long standing member of LISA, season ticket holder and lottery member who has been lurking avidly on this board for the last 18 months. What we DO know is that there is a shortfall, and there is no risk of any individual on this board accidentally covering that shortfall by not knowing the full financial picture - in other words the current uncertainty should not stop you putting your hand in your pocket NOW.
What I don't understand is what people would do with all this information when they get it? Its hardly a case of "oh, now I have all my questions ticked off, here's 100 grand" - if that was the financial capability of the person posting, I would echo Lynda's suggestion that they contact the club directly. Otherwise, commit to what you can now and stay tuned for further information to come as it is available and the directors/CEO see fit.
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| Quote ="maurice"I would imagine if they put 'I am thinking of joining Lisa but could someone tell me if Starbug wears Dicks hats?' it would get a better response than a 'new' poster asking questions nobody has factual answers to.'"
Well they should be either ignored or answered without the sarcasm ,there is no need for it ,I know people are very concerned at the moment and posters should probably think first before they ask a question that they know is impossible to get an answer to on here
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| I believe AT doesn't want his loans back, he is a very honourable man imo. One of the ongoing issues with the club structure is that the burden has never been equal - hence we had AT putting virtually all the money in as others put in little or nothing yet remained 'directors'. Someone taking over Starbugs offer would have put x in that the others were not oblidged to match.
The club must go in one of two ways refn funding 1. Find another AT 2. Share the burden equally as part of the articles. I strongly believe in 2 with a fans shareholding forming part of burden sharing promoting a community club.
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| There's a bog difference between being debt free and being well run financially. Hull KR accounts will show that. Big losses but all covered by directors so don't owe money out.
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