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| The points deduction for going into administration (and I'm wondering about that as well, given that we're supposed to be debt free) would mean almost certain relegation at the end of next season. I can't see anyone buying into the club with that in prospect.
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| Its peanuts to run a SL club for potential owners, so I believe you will find owners from within Europes centre of finance
Its far easier to overcome a 4pt deduction with no debt and enthusiastic owners, than with debt and a badly run club
You know what's needed, where the best place to play is but to attract fans the club needs to be sexy and have identity
Don't give up, a brighter dawn may be just around the corner
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| Going in to administraton is a way to force the issue, so it may be the only way to save the club, if david h has withdrawn his support then so be it, its not the first time we have been here, and we are not the only club to be in this position.
we are a small but hardy bunch who follow this club and are used to the "wait and see approach" so lets err wait and see.
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| I hope that this is just a mechanism in place in which the club can legally rid itself of its obligations to HMRC and Harlequins Rugby Union club - as I couldn't care tuppence about either of them - rather than an attempt to evade payments to both existing and former players and staff.
I pray that we can restart the club.
My strong preference is that this is without the existing leadership team if at all possible and with David Hughes as only a sugar daddy if anything.
I believe the RFL will give a level of token help as they did with Crusaders so unless this is prearranged for Kleanthous to step in, I think we've seen the last game.
If that is the case, I am glad that I stood by the club for the whole of last season going to every UK away game and saw the last two wins at Hull KR and Bradford. At least that will be my eternal memory if it is the case.
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| Quote ="maurice"Its peanuts to run a SL club for potential owners, so I believe you will find owners from within Europes centre of finance
Its far easier to overcome a 4pt deduction with no debt and enthusiastic owners, than with debt and a badly run club
You know what's needed, where the best place to play is but to attract fans the club needs to be sexy and have identity
Don't give up, a brighter dawn may be just around the corner'"
Two months ago Wakefield were told by the RFL that should they enter administration then they would be automatically relegated and would have to start again in championship 1. We were lead to believe that this is now the automatic punishment for a club entering administration so there is no more wiping of the debts with just a 4 point deduction and carrying on as before. I would expect this to also be the Broncos fate.
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| As a Salford fan, I know how I felt twelve months ago. After a lifetime of supporting the club it was horrible. I sincerely hope there is light at the end of this tunnel for all London fans and that you emerge from administration in a stronger position.
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| Quote ="Theboyem"Two months ago Wakefield were told by the RFL that should they enter administration then they would be automatically relegated and would have to start again in championship 1. We were lead to believe that this is now the automatic punishment for a club entering administration so there is no more wiping of the debts with just a 4 point deduction and carrying on as before. I would expect this to also be the Broncos fate.'"
You do have a link to these rule changes then? Even a report from a decent paper?
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| Quote ="rosetintedspecs"the club has been run as a rich mans toy and a fantastic tax loss opporunity. '"
Said all along it was a "Brewster's Millions" scenario.
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| Quote ="Theboyem"Two months ago Wakefield were told by the RFL that should they enter administration then they would be automatically relegated and would have to start again in championship 1.'"
Have you got any printed media or press release proof of this new edit from the RFL? I have checked and spoken this morning with several RL staff in media and clubs and they are not aware of this ruling.
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| There was always a possibility this would happen. That it has, is testament to both the incompetence of our management and the malaise at the RFL, unable to help bring us to a resolution sooner.
Apart from it being a bad headline before a really important world cup fortnight, it is merely another proud moment on Gus Mackay's glittering CV. The halfwit.
What is telling is the anger on twitter being vented by the remaining players. It is the first time we have seen such a tangible lack of faith in those running the club but it is clearly a feeling that has been festering for some time.
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| Quote ="Big Graeme"You do have a link to these rule changes then? Even a report from a decent paper?'"
All we can go on is what the current chairman has told supporters, Andrew Glover and James Elston wanted to take the club into administration but the RFL advised that if this happened Trinity would be demoted, hence the club selling the better players for a total of £250k over the last two months to avoid it. Who knows whether London will get the same message?
[url=http://viewtopic.php?p=17636979&tsmp=1385039092#p17636979This guy is the Trinity chairman[/url
Any clues on what liabilities the club are looking to shed as I though all debt was owed to Hughes? Is this just a game of hardball with the RFL?
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| Quote ="Theboyem"Two months ago Wakefield were told by the RFL that should they enter administration then they would be automatically relegated and would have to start again in championship 1. We were lead to believe that this is now the automatic punishment for a club entering administration so there is no more wiping of the debts with just a 4 point deduction and carrying on as before. I would expect this to also be the Broncos fate.'"
But Wakey went into admin during the licencing process already, to do it again would have really took the biscuit, London last went into admin pre licencing in 2005
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| Quote ="maurice"But Wakey went into admin during the licencing process already, to do it again would have really took the biscuit, London last went into admin pre licencing in 2005'"
I suppose the operational rules will have to be updated to account for multiple administrations within a set period then. 2 strikes and you're out.
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| Press release from the legal firm handling the administration:
[urlhttp://www.legalweek.com/legal-week/news/2308490/locke-lord-tackles-rugby-club-administration[/url
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| The company doing the VA oversaw the Blockbusters one. Maybe we will become a Morrisons!! They are Northern!
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| Quote ="jaybs"Have you got any printed media or press release proof of this new edit from the RFL? I have checked and spoken this morning with several RL staff in media and clubs and they are not aware of this ruling.'"
Comes from our chairman, guess he should know. There was no two strikes and you're out ruling either previously so it seems like a new edict.
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| Quote ="TaRL PaRL"Press release from the legal firm handling the administration:
[urlhttp://www.legalweek.com/legal-week/news/2308490/locke-lord-tackles-rugby-club-administration[/url'"
A Texan law firm. Bet they don't come cheap.
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| I was listening to TalkSport this afternoon and they were discussing London Broncos.
They seemed to suggest that the Barnet talks have broken down and no longer an option
Offiah was asked about our situation...he hasn't got any updated info but said Tony Rea was positive when he spoke to him a couple of weeks back.
I know we like to have MO as a pantomime villain on here, but he did speak up for the club and the importance of having a SL club in the capital.
Such a sad situation we find ourselves in when ,at last,our youth programme has produced results and flourished (and on the eve of the biggest RL event in London for years).
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| Quote ="Dan Stains woz God"I was listening to TalkSport this afternoon and they were discussing London Broncos.
They seemed to suggest that the Barnet talks have broken down and no longer an option
Offiah was asked about our situation...he hasn't got any updated info but said Tony Rea was positive when he spoke to him a couple of weeks back.
I know we like to have MO as a pantomime villain on here, but he did speak up for the club and the importance of having a SL club in the capital.
Such a sad situation we find ourselves in when ,at last,our youth programme has produced results and flourished (and on the eve of the biggest RL event in London for years).
'"
Yes i heard that as well. Of course losing London means losing a source of players for him so he has an interest in our future existence.
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| Quote ="Dan Stains woz God"I was listening to TalkSport this afternoon and they were discussing London Broncos.
They seemed to suggest that the Barnet talks have broken down and no longer an option
Such a sad situation we find ourselves in when ,at last,our youth programme has produced results and flourished (and on the eve of the biggest RL event in London for years).
'"
So if not Barnet where?
For some reason I have the opening lines of Blur's 'No Distance Left to Run' going round my head........'It's over, you don't need to tell me'
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| I feel for you guys in this I really do, it's always the fans that end up suffering. Hope something can be salvaged but it looking extremely grim at present.
Something must have happened in the last week or so which has lead to the speeding up of this process though. Talking to a 'member of the establishment' at the game last weekend last weekend it was the belief that the club had until the end of the month to sort the Barnet deal out (so after the world cup) before matters would come to a head in this way. David Hughes was to pay this months wages, along with the serverence agreements of those players released early, out of his own pocket and the RFL were involved as a go between in this and the Barnet negotiations. So I would have expected nothing to break for a couple of weeks yet.
It's this that worries me and maybe there is truth in the growing rumours that barnet have given up on the deal as that could well act as a catalyst for this action. If so then it probably is the end and I hear today from a third party (so uncomfirmed I grant you) that the clubs academy set up is to finish for good this week? What should happen is a statement to the supporters from your CEO outlining the true state of play should be released. I have a feeling we maybe waiting a while though. FWIW I think (maybe hope) DH will pay the wages one last time this month then call it quits. But believe me to those that think it is, this is no stunt to just clear the decks and start again, it is a serious situation and the club is staring into the abyss. I hope something crops up in the next couple of weeks that at the very least saves the club in some guise. Good luck.
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| Quote ="sixtogo"I feel for you guys in this I really do, it's always the fans that end up suffering. Hope something can be salvaged but it looking extremely grim at present.
. FWIW I think (maybe hope) DH will pay the wages one last time this month then call it quits. But believe me to those that think it is, this is no stunt to just clear the decks and start again, it is a serious situation and the club is staring into the abyss. I hope something crops up in the next couple of weeks that at the very least saves the club in some guise. Good luck.'"
Well the very latest from "Sporting Life" issued just before 5pm
London talks continue
Last Updated: November 21 2013, 16:56 GMT
Talks are ongoing in an effort to save stricken Super League club London Broncos.
The clock began ticking on Wednesday evening when the beleaguered Londoners announced their intention to go into administration.
The Broncos made the move to protect them from any action brought by creditors but there are now just nine working days left to find a resolution.
Talks with Barnet FC chairman Tony Kleanthous, who has expressed an interest in acquiring a stake in the club, recently broke down but he is now thought to be back at the negotiating table with Broncos owner David Hughes.
It is thought Kleanthous is not the only other interested party but is the Broncos' preferred option since it would provide the club with a new home at The Hive.
The London club effectively became homeless when their rental agreement at the Twickenham Stoop ran out at the end of the 2013 season.
Hughes, who has personally bankrolled the club since Richard Branson ended his interest a decade ago, is thought to have threatened to withdraw his support after failing to receive guarantees over the club's Super League status, following the decision to reinstate promotion and relegation from the end of next season.
The Broncos' inclusion in this week's Super League fixture list for 2014 was seen as a positive sign but then came a new twist in the long-running saga.
Head coach Tony Rea and chief executive Gus Mackay are thought to be overseeing a skeleton staff after a raft of redundancies were made at the end of last season.
The majority of last season's squad have departed, leaving Rea with as few as five players left on the books, and the club would need special dispensation to exceed the overseas quota to enable them to put together a side in time for their opening match at Widnes on February 16.
If the club go into administration, they would be certain to start the new season with a points deduction, which would make them firm relegation favourites.
The Rugby Football League, who have seen Wrexham-based Super League club Crusaders go to the wall and Bradford, Wakefield and Salford all flirt with financial disaster in recent years, is said to be involved in the rescue talks.
An RFL spokesman said: "London Broncos have kept us abreast of developments and we are working with them to provide support and assistance.
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| The fact that there are two interested parties is interesting. That gives us some hope if the RFL are willing to give us assurances for those investors interested. I can understand DH's preference for the owner of the Hive as it means our owner has his own ground and can probably make it work financially as long as he doesnt have to worry about relegation and can get a deal from the RFL which ensures we can get a competitive team to get the fans in to pay the bills. Im baffled about where an alternative investor would want to play if they have to rent it. With our shattered fan base we will not be self sufficient if we have to rent and unless he has some very deep pockets id be surprised to find anyone around who would take us on.
I wonder why Kleinhouse is back at the negotiating table with DH? if they have not got some assurance from the RFL about what they need to make it worth carrying on then Im sure Kleinhouse would have not been interested and walked.
What has changed. Does he want some financial guarantee from DH to cover any losses from say 2/3 years if crowds don't cover the costs?
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| The Super League were set to buy Bradford last year. I wonder if they'll do the same for London.
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| Quote ="jaybs"Well the very latest from "Sporting Life" issued just before 5pm
....Hughes, who has personally bankrolled the club since Richard Branson ended his interest a decade ago, is thought to have threatened to withdraw his support after failing to receive guarantees over the club's Super League status, following the decision to reinstate promotion and relegation from the end of next season.......... the club would need special dispensation to exceed the overseas quota to enable them to put together a side in time for their opening match at Widnes on February 16.
'"
Would I be overly cynical to see this as an attempt to secure the Broncos' future in SL by the back door?
Step 1 - let as many players leave at the end of the 2013 season as possible;
Step 2 - enter Admin/plead poverty to gain dispensation to recruit overseas players beyond quota;
Step 3 - put a squad together that's strong enough to get enough points to overcome any deduction and avoid any relegation.
I genuinely hope that London survive and can at least be competitive next season, but whatever the outcome it should be on a fair playing field across SL.
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