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| It’s not investment, it’s loans that the council are unlikely to recover or even attempt to recover, should have a negative impact on IMG points
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| Quote ="financialtimes"It’s not investment, it’s loans that the council are unlikely to recover or even attempt to recover, should have a negative impact on IMG points'"
Depends if it’s counted on the balance sheet as loans. There’s creative ways of turning a positive. If it’s not subject to repayment then it’s not a loan and if it’s not required to be repaid then it will likely just appear as an injection of funds. If there is no outgoing or agreement to repay any amount then I can’t see how it would negatively impact. Though it certainly should.
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| Well I hope the Salford rate payers are happy tonight that their money has gone to a very good win.
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| Fair play that was a great win for them last night!
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| Quote ="Wildthing"Fair play that was a great win for them last night!'"
Yep, but don't think they'd have won if saints had finished with 13 men......
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| Quote ="BarnsleyGull"Yep, but don't think they'd have won if saints had finished with 13 men......'"
I'm certain they wouldn't have won if they'd paid their bills instead of paying for the likes of Brierley, MacDonald, Lafai, Cust and Sneyd.
They're great on the field 'cos they won't pay their way off the field.
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| Quote ="dboy"I'm certain they wouldn't have won if they'd paid their bills instead of paying for the likes of Brierley, MacDonald, Lafai, Cust and Sneyd.
They're great on the field 'cos they won't pay their way off the field.'"
Pretty much. If they have a below par season then the balloon will truly pop.
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| Handout loan to help them survive one week and a season long loan incoming the next. They must be out of special measures. Doesn’t really add up.
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| They can only be loans if there is a means to repay. Otherwise these are gifts whether the taxpayers or others providing the funds realise at the time.
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| I can't believe I want Wigan to win tonight
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| Cant think of a more jammier club than Salford.
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| Talk about shooting yourself in the foot. What on earth was Sneyd thinking off.
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| Let me put it to you this way: WMDC didn't call me brave, valiant or plucky when I didn't pay my rent!
The sooner the bailiffs are round at the AJ Bell, the better!
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| Quote ="dboy"Let me put it to you this way: WMDC didn't call me brave, valiant or plucky when I didn't pay my rent!
The sooner the bailiffs are round at the AJ Bell, the better!'"
Funny thing is, the Sky pundits do not know about there money troubles of do they , Just talk about how they have managed to get a team of players together from all over the world. Must be easy if you got no loans to pay back and a Council giving you 350 ,000 pounds a year
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| Who needs a rich owner
when you have a far wealthier donor
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| Let us not forget the our own council gave us £2m plus they provided the money to buy the ground. The latter was of course a loan and needs to be paid back but I believe they granted us a reasonable length of time before the first payment.
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| Still got to pay it back though.......
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| Not the same thing Scarlett.
We aren’t being gifted funds to keep the club afloat and then days later signing additional players. Bit of a smack in the mouth. I wouldn’t be happy if trinity did that.
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| Quote ="Scarlet Pimpernell"Let us not forget the our own council gave us £2m plus they provided the money to buy the ground. The latter was of course a loan and needs to be paid back but I believe they granted us a reasonable length of time before the first payment.'"
The money granted to us was specifically tied to community projects, which the club have to report on directly to WMDC.
The money given (on top of the money already loaned and written off), to SRD is for ongoing, day to day, operational costs - costs which they should/could pay for themselves if the weren't spaffing it on players they cannot otherwise afford.
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| I don't have a problem and don't really know why we would care.
They've agreed a deal with their council and it helps them.
But it doesn't affect us.
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| Quote ="PopTart"I don't have a problem and don't really know why we would care.
They've agreed a deal with their council and it helps them.
But it doesn't affect us.'"
Doesn't it?
As an example, in way does their inflated league position not affect us?
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| Quote ="dboy"Doesn't it?
As an example, in way does their inflated league position not affect us?'"
Why is it inflated?
They haven't cheated to stay in SL and from now on they are assessed by IMG same as us.
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| Because if you take £300k of salary out of their team, they wouldn't be finishing anywhere near as high as they do.
They'd be wooden spoon candidates.
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| Quote ="Scarlet Pimpernell"Let us not forget the our own council gave us £2m plus they provided the money to buy the ground. The latter was of course a loan and needs to be paid back but I believe they granted us a reasonable length of time before the first payment.'"
Plus Cas and Feath got the same
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| Quote ="dboy"Because if you take £300k of salary out of their team, they wouldn't be finishing anywhere near as high as they do.
They'd be wooden spoon candidates.'"
But they didn't do anything wrong to get that money. They agreed terms with the council, just like we did.
So they don't need to take £300k out.
It's bad business and will bite them one day, but it isn't against any SL rules.
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