Post subject: Super League clubs only £68.5 million in debt : a BBC investigation finds
Posted: Mon Jan 28, 2013 12:05 pm
RLFANS News Hound
International Chairman
Joined: Dec 05 2001 Posts: 0
Super League clubs are facing combined debts of £68.5m, a BBC Inside Out investigation alleges.
Compared to the combined debt in Football of £2.4 BILLION, and with annual losses of £130m in the Football championships, £68.5 million is a drop in the ocean.
Super League clubs are facing combined debts of £68.5m, a BBC Inside Out investigation alleges.
Compared to the combined debt in Football of £2.4 BILLION, and with annual losses of £130m in the Football championships, £68.5 million is a drop in the ocean.
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Post subject: Re: Super League clubs only £68.5 million in debt
Posted: Mon Jan 28, 2013 3:07 pm
NtW
International Star
Joined: Sep 16 2012 Posts: 530
I've already posted in the Wire forum as to why I think this is shoddy journalism.
However, I have a burning question that I hope someone can answer: two clubs apparently have significant debts, that mean that the others (nine clubs) have an average of £3m debt each. So nine clubs have £27m between them, meaning the other two have £41m?!?! Who are these clubs, are how are they structured to allow them to carry so much debt without folding??
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