Scanners the money from Salford CC is not an Investment - its a loan. The money to be repaid very quickly from other income streams. Salford - like all large Cities can be at the front of the queue when requiring low rate money. Peel - sensibly are allowing SCC to be a funder for this sensible project and I for one have no doubts that it will come to fruition and we will be in SL next time. Castleford & Wakey are the clubs I feel in danger of losing their place.

I have enjoyed the Big Fight between Big Pev & Yourself with Inter Round Summaries from Barrington Dalby (Original Salford CR). However as Referee I do feel that no mention of Denis Healey having to go cap in hand to the IMF to save us from ignominy is a glaring omission from all sides.

But it turned out that the economy was in much better shape than Healey and the Labour government thought it was and the IMF bail out was in fact not needed at all and was quickly paid back without being touched. Plus Scanners mentions 25% rates of inflation in the 1970's but forget to mention it was the inflationary budgets of Anthony Barber in the 1970-74 Tory government that caused inflation to go so high. He wanted to stimulate the economy and reduce unemployment by having an expansive budget but he didn't want to raise taxes to do it. So he increased the money supply to an unsustainable level and thus wrecked the stable economy left by Roy Jenkins in 1970.

i was getting bored of going round and round in circles.

Well said Walsovski.

Early Bath, I wonder how many posters know who Barrington Dalby was?
On the Denis Healey was that the time when the pound was devalued but the pound in our pocket was the same as it always was?

Now that was the devaluation in 1967, Harold Wilson was the one who said 'it doesn't affect the pound in your pocket'.

wasn't that Mike Yarwood

I think you will find I mentioned Britain going to the IMF in 1976 on a thread on the Sin Bin
It may be a loan, but it's public money. Given the current climate should any local authority be loaning such amounts?
When you say low rate money, what is the cost?
What other income streams?
How quickly?
Peel are being very sensible letting someone else risk their money.
If it's such a sure fire success why aren't Peel just getting on with it. After all they are a very successful well financed company that would have no problem investing £20m??