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 Post subject: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 11:44 am 
International Star
First Team Player

Joined: Apr 16 2015
Posts: 2259
Following Bradford having to face a winding up order by HMRC last month. Featherstone who are apparently suffering severe cash flow problems are due to face similar on 14th December. A cause for concern for all RL fans.
Despite what certain persons on this forum think of David Hughes, all the time he remains committed to the club we should be spared this sort of anguish.
Post David Hughes though, who knows?

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 11:57 am 
Player Coach
Club Captain

Joined: Apr 18 2006
Posts: 3934
It's something that conveniently gets forgotten, the club has zero debts! Agreed very few assets but I would suggest that that not a lot of clubs can genuinely be seen as debt free.
Not being an apologist merely stating a fact

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 2:56 pm 
Player Coach
International Star
User avatar

Joined: Jan 23 2006
Posts: 7392
Location: Looking for a coach that can coach
Boom and Bust is back. When will Leigh join the list!!






Mac out!

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 3:14 pm 
Player Coach
Club Captain

Joined: Apr 18 2006
Posts: 3934
That's the problem ain't it, with the signings they have made and the salary cap thing hope the owner has deep pockets

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 5:51 pm 
International Star
First Team Player

Joined: Apr 16 2015
Posts: 2259
I would never describe Featherstone Rovers as an extravagant club. In fact from the outside they look like a solid well run club, but sometimes these things can creep up on you.
HMRC will only be so patient. What the Winding up Order does is bring things to a head and hopefully they can find a solution.

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 6:56 pm 
Player Coach
Club Captain

Joined: Apr 18 2006
Posts: 3934
Fev did seem pretty settled they have just opened a new stand crowds although not massive were steady, the single price sit or stand where you want suited most folk I think.
Well established club as well

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 8:18 pm 
Moderator
Moderator

Joined: Apr 19 2002
Posts: 1975
Apart from Leeds/St Helens and possibly a couple of others RL is as bankrupt and dependent as rich owners as it was prior to Super League. If Sky pulled the plug, then the finances of the game would be truly laughable

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 8:36 pm 
Player Coach
First Team Player
User avatar

Joined: Aug 16 2005
Posts: 1382
Location: On the slopes of Shooters Hill
Aren't Fev suffering from a rich owner walking away (booted out) about a year ago. Hence many players leaving in the last few months as they try to reset the books.






Life is pretty simple: You do stuff. Most fails. Some works. You do more of what works.

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 9:52 pm 
Player Coach
Club Captain

Joined: Apr 18 2006
Posts: 3934
Think it's true for a lot of sports

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 Post subject: Re: Championship club in financial trouble.
PostPosted: Sun Dec 06, 2015 10:10 pm 
International Star
Academy Player

Joined: Dec 15 2013
Posts: 398
mickyb1234 wrote:It's something that conveniently gets forgotten, the club has zero debts! Agreed very few assets but I would suggest that that not a lot of clubs can genuinely be seen as debt free.
Not being an apologist merely stating a fact


The club is £16m in debt






"People use statistics the way a drunk uses a lamp post - for support not illumination"

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