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 Post subject: Re: Salford placed in special measures
PostPosted: Tue Mar 05, 2024 1:21 pm 
Player Coach
Club Captain

Joined: Oct 12 2005
Posts: 4237
Location: Barnsley
IMO Salford will be lucky to complete the season.

They scraped it last year financially, but if the desperate council buyout of the stadium falters, it's game over.

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 Post subject: Re: Salford placed in special measures
PostPosted: Tue Mar 05, 2024 3:27 pm 
Club Captain
Junior Player

Joined: Oct 17 2017
Posts: 238
It is only the outstanding and determined work by the previous incumbents that saved our club from financial disaster and paved the way for Matt Ellis to step in and use his wealth to develop a new narrative for Trinity - built on the dedicated work of Michael Carter and John Minards. We wouldn't be here without them and certainly not looking to pull together the additional fractions of points to reach the magic 15 to provide Super League security.
Be absolutely certain, if Councillor Box had had his way we would now be in a far worse position than Salford.

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 Post subject: Re: Salford placed in special measures
PostPosted: Tue Mar 05, 2024 3:37 pm 
International Star
Club Captain

Joined: Jun 19 2012
Posts: 2640
FSW wrote:It is only the outstanding and determined work by the previous incumbents that saved our club from financial disaster and paved the way for Matt Ellis to step in and use his wealth to develop a new narrative for Trinity - built on the dedicated work of Michael Carter and John Minards. We wouldn't be here without them and certainly not looking to pull together the additional fractions of points to reach the magic 15 to provide Super League security.
Be absolutely certain, if Councillor Box had had his way we would now be in a far worse position than Salford.

Spot on, pity we got some on here who do not want to know the truth

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 Post subject: Re: Salford placed in special measures
PostPosted: Tue Mar 05, 2024 4:29 pm 
Club Coach
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User avatar

Joined: May 02 2005
Posts: 3190
Location: Halifax
Khlav Kalash wrote:State funded rugby league club.

Council Tax funded by residents Rugby League Club

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 Post subject: Re: Salford placed in special measures
PostPosted: Tue Mar 05, 2024 10:52 pm 
Club Coach
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Joined: Oct 11 2004
Posts: 5320
Location: Orange street
dboy wrote:IMO Salford will be lucky to complete the season.

They scraped it last year financially, but if the desperate council buyout of the stadium falters, it's game over.


Sounds like they have some very good 'friends' on the council. They know when they have spent this latest gift, the council will cough up again. Also reads like it was pushed through by a small few at the top and there was no wider consultation with the full council, hardly democratic but mirrors the dictatorial style when Box ran out council.

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 Post subject: Re: Salford placed in special measures
PostPosted: Thu Mar 07, 2024 12:59 am 
Club Coach
Fringe Player

Joined: May 19 2005
Posts: 983
Don't forget this club is 8th in the IMG provisional gradings.
Makes no sense.






RANDOM & ANONYMOUS


N K

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 Post subject: Re: Salford placed in special measures
PostPosted: Thu Mar 07, 2024 8:16 am 
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Location: wakefield
All they are doing is getting investment just like many others.
It's just that this is public money instead of private.
If they can agree those terms good luck to them.......but clearly that is a fragile existence.






A dog is not considered a good dog because he is a good barker. A man is not considered a good man because he is a good talker - Buddha

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 Post subject: Re: Salford placed in special measures
PostPosted: Fri Mar 08, 2024 7:03 pm 
Club Coach
International Star

Joined: Nov 03 2004
Posts: 7006
PopTart wrote:All they are doing is getting investment just like many others.
It's just that this is public money instead of private.
If they can agree those terms good luck to them.......but clearly that is a fragile existence.


The sad thing is that on the balance sheet this will actually help get Salford points I think from outside investment etc. though in reality it’s to keep them in existence. Very fragile indeed.

One bad season on the pitch and their goose may be cooked.






Top six 2005 - Trinity.

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 Post subject: Re: Salford placed in special measures
PostPosted: Fri Mar 08, 2024 7:45 pm 
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Joined: Dec 04 2011
Posts: 2268
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






What's pink & hard first thing in the morning?
The financial time crossword
Image

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 Post subject: Re: Salford placed in special measures
PostPosted: Fri Mar 08, 2024 8:21 pm 
Club Coach
International Star

Joined: Nov 03 2004
Posts: 7006
financialtimes wrote: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.






Top six 2005 - Trinity.

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