Joined: Jan 02 2003 Posts: 43413 Location: rlfans flying wing man
Robbo4 wrote:Length of contract has no bearing on the level of compensation when trying to buy out that contract?
I think the question is, is that contract worth anything regardless?
If they go into admin/liquidation, does he not becoma a large preferential creditor after the tax man of course, or is there nothing left for him if they liquidate?
Joined: Jul 31 2003 Posts: 36786 Location: Leafy Worcester, home of the Black Pear
Robbo4 wrote:Length of contract has no bearing on the level of compensation when trying to buy out that contract?
Not when the club may not exist in 5 weeks let alone 5 years.
Remember that we wouldn't be buying him from the Bulls - we'd be buying him from the administrator. He won't be concerned about contract length, simply who is willing to offer the highest bid.
Hold on to me baby, his bony hands will do you no harm It said in the cards, we lost our souls to the Nameless One
Joined: Jan 23 2006 Posts: 15980 Location: Boulevard with my balls of steel!
Hutchie wrote:I think the question is, is that contract worth anything regardless?
If they go into admin/liquidation, does he not becoma a large preferential creditor after the tax man of course, or is there nothing left for him if they liquidate?
But they haven't been liquidated. He won't be anywhere near the top earners so if the current priority is to save money via wages then other players will be going first as a preference.
Joined: Aug 27 2008 Posts: 2255 Location: Always to the left!
It's the admins job to minimise expenditure and maximise income to pay off debts in order to avoid liquidation.
The length of the contract is irrelevent as the players don't have a contract in 11 days time.
Let's say that Bradford owe £600k.
Bateman may be on £40/50k Whitehead a little more £50/60k.
I would think something like £250k for the 2 would be certainly acceptable as it will save the club approx. £300k on just 2 players. Getting rid of other high earners such as Elima, Sammut, Lulia and Kearney (plus the coaching staff already gone), they won't be far off the mark. The first club wo go in (probably us) will then kick off a 'free-for-all' IMO
EL CAMO wrote:The majority of fans at Craven Park...are idiots who know nothing about the game.
simon_tem wrote:Could another factor be that we can pay the player from today?
If Wire came in for somebody, would they be able to pay them anything this season (their creative accounting aside)?
Just been thinking about that how many clubs are in the position to be able to make the deal straightaway. unless the RFL give special dispensation on both the salary cap and quota can't actually see many clubs been able to make signings now
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