Joined: Feb 22 2002 Posts: 7027 Location: Just Behind Parksides Club
Cokey wrote:Is ok good enough Col?
Well I’ve been a fan for far more years than I wish to remember and I never thought I’d see the likes of 1982 again or even close, but these last 2 seasons have been unreal, not just on the pitch but the fan growth, the academy granted, move to leopards an image and marketing masterstroke that the majority of us scoffed at
I’ll say that I did us a disservice by saying ok - but 6th then 4th is a pretty big step in a short period of time
Out of interest what would you expect us to achieve beyond where we are now
Joined: Aug 19 2011 Posts: 22032 Location: Across The Universe....... Jai guru deva om - Nothings gonna change my world.
ColD wrote:Well I’ve been a fan for far more years than I wish to remember and I never thought I’d see the likes of 1982 again or even close, but these last 2 seasons have been unreal, not just on the pitch but the fan growth, the academy granted, move to leopards an image and marketing masterstroke that the majority of us scoffed at
I’ll say that I did us a disservice by saying ok - but 6th then 4th is a pretty big step in a short period of time
Out of interest what would you expect us to achieve beyond where we are now
Well Degsey feels we can beat Wigan in the 1st game, & he believes we can win the C Cup; That's not to mention finishing in the top 4 & getting to Old Trafford. These are aspirations we should believe we can achieve, and I believe we can achieve them. Glass half full me Col.
BTW - Sneyd won't be coming to Leigh, so unless we get a top quality half, we will have to go with O'Brien, and Ben Mac. I just hope we're not going to be affected, and play catch up like last year. Moylan turned our season around somewhat starting at Hull, so I would prefer us to get a top quality half sooner rather than later.
Leigh are now out of the running for Marc Sneyd, having tried to poach him before the warm weather training in Lanzarote. Salford have dragged their feet for 2 months now, without actually selling any players. The plan seems to be recoup some money from actually sales, at a time when 99.9% of players are sold/leave without a buyers fee. Derek has also done an interview in which he talks about the similar position Leigh found themselves in back in 2018. It would appear that Warrington provided a cash injection buying two players and the rest of the squad were moved on to reduce the salary cap. Reading between the lines, cash strapped Salford want income and a reduction in salary cap at the same time, all from a weak sellers position.
Leigh are going to start the season with Gaz O'Brien, with Ben McNamara as backup. Derek is keeping a chunk of change if needed for mid-season transactions.
Sneyd would have been a great addition to the Leopards, but he does not fit the current model for youth, speed and x-factor, although the last one he has in spades.
Salford appear to be wading further into the mire. The Forty20 podcast suggested that Salford have an historic debt of around £5M and most of that is with Salford City Council, who are also the landlords of the Salford Community Stadium. No amount of selling warm beer and sausage rolls is going to eat into a debt that huge. The £500K advance will get Salford to the starting line in 3 weeks time but sales of players would have allowed that money to stretch further. They are delaying and holding out for a buy out, but that will not shift the £5M in outstanding debts.
Today's meeting will no doubt allow for dispensation on the overseas cap, but it is doubtful that an increase in salary cap will be approved. Increasing the salary cap would skew the competition towards the teams with rich benefactors and sends a bad message at a time when all clubs are loss making.
Leigh are now out of the running for Marc Sneyd, having tried to poach him before the warm weather training in Lanzarote. Salford have dragged their feet for 2 months now, without actually selling any players. The plan seems to be recoup some money from actually sales, at a time when 99.9% of players are sold/leave without a buyers fee. Derek has also done an interview in which he talks about the similar position Leigh found themselves in back in 2018. It would appear that Warrington provided a cash injection buying two players and the rest of the squad were moved on to reduce the salary cap. Reading between the lines, cash strapped Salford want income and a reduction in salary cap at the same time, all from a weak sellers position.
Leigh are going to start the season with Gaz O'Brien, with Ben McNamara as backup. Derek is keeping a chunk of change if needed for mid-season transactions.
Sneyd would have been a great addition to the Leopards, but he does not fit the current model for youth, speed and x-factor, although the last one he has in spades.
Salford appear to be wading further into the mire. The Forty20 podcast suggested that Salford have an historic debt of around £5M and most of that is with Salford City Council, who are also the landlords of the Salford Community Stadium. No amount of selling warm beer and sausage rolls is going to eat into a debt that huge. The £500K advance will get Salford to the starting line in 3 weeks time but sales of players would have allowed that money to stretch further. They are delaying and holding out for a buy out, but that will not shift the £5M in outstanding debts.
Today's meeting will no doubt allow for dispensation on the overseas cap, but it is doubtful that an increase in salary cap will be approved. Increasing the salary cap would skew the competition towards the teams with rich benefactors and sends a bad message at a time when all clubs are loss making.
RFL Commercial demand £800K cuts immediately. Salford wave two fingers up at them for 2 months and then spend some more money.
No announcement of a takeover yet, and RFL Commercial will not ratify any new signings until they hit £1.2M salary cap. Good luck getting this signing ratified.
RFL Commercial demand £800K cuts immediately. Salford wave two fingers up at them for 2 months and then spend some more money.
No announcement of a takeover yet, and RFL Commercial will not ratify any new signings until they hit £1.2M salary cap. Good luck getting this signing ratified.
Joined: Jul 25 2015 Posts: 3409 Location: Here (But Only for the Beer)
Sep, good evening.
Seeing garbled reports from Hull Live and Matthew Shaw elsewhere. Has "open season" reopened on Salford players? Does the directive merely relate to quota players or is a move for a Fed player now re-allowed if cap space is available?
Before both the '23 & '24 seasons, Bongser asked, "who the 'eck is going to kick the points". Wysiwyg won the race this pre-season, but the query is iterated from this quarter.
Everyone knows which player Bongser would like to see donning the "lipstick" (that for Reffy) next season; and most would agree!
Honestly I thought Darnell looked quite good - then they took it off him and gave it to Moylan and Zak, go figure. I would love Sneyd to be kicking our goals, it would be like having Inu again kicking 10 from 10. No need to watch each kick with bated breath.
Joined: Jul 25 2015 Posts: 3409 Location: Here (But Only for the Beer)
Septimius Severus wrote:.......it would be like having Inu again kicking 10 from 10. No need to watch each kick with bated breath.
Krisnan missed one (probably the first in twelve) from close to the touchline. Bongser, not far away, informed him that he was a "crud" kicker (or similar). Inu glared across to see a cheesy grin and saw the irony. Just as well, at B's age he didn't fancy Kris doing a Drummond and clobbering a spectator!
Yes, Bongser values kickers and, just in case folk think that that is because he was one; he has the same 100% ratio as Moimoi - one from one!
How did Salford Red Devils get in this mess? In April 2023 Salford Red Devils launched a community share scheme entitled “Reds Rise Together.” The aim was to raise between £250K - £2M to secure the long-term future of the club. Along with raising of capital, there were a number of commercial targets, like growing average attendances by 2000, securing income streams on matchdays and securing a long-term lease with money through refreshment sales. SRD Holdings LTD Profit & Loss Actual 2021 Actual 2022 Estimated 2023 Estimated 2024 Estimated 2025 Total Income 2612209 3154036 3469440 3900613 4321405 Total Expenditure 2961643 3734884 3873761 4395060 4511381 Profit/Loss Before Tax (349434) (580848) (404321) (494447) (189976)
The aim was to reduce the £580K loss in 2022 to a more manageable £189K loss in 2025 and break even some time in the near future. According to ChatGPT SRD were able to raise an incredible £1.5M, more conventional search engines put the figure at over £250K on the 30th May 2023.
The rest of the prospectus appears to have been less successful. Objective 3: To increase average match attendance by 2000 within 3 years. This in reality requires Salford to achieve average attendances of 6000 in 2025. The average figure in a successful season like 2024 was only 4646 way below the projected figure. This greatly impacts on the estimated income of nearly £4M which also incorporates the projected income stream for refreshments, which incidentally has still not been negotiated with Salford City Council, even though the season starts in just over two weeks time.
Salford City Council have periodically propped up the club with loans and grants to cover shortfalls in the SRD coffers. ChatGPT states that, “As of the latest available information, Salford Red Devils owe £1.6 million to Salford City Council. This debt primarily relates to the club's lease at the AJ Bell Stadium, and there have been ongoing discussions between the council and the club about restructuring this debt.”
Salford City Council have recently bought out Peel Holding for £7M at a time when most councils in England and Wales are strapped for cash. Salford City Council is believed to be £1.5 Billion in debt.
Salford Red Devils have far exceeded the goodwill of Salford City Council, and the Rugby League club have used the council like a personal piggy bank. They have assumed that possible income streams are available to be spend before they receive the money and in many cases the money never arrives. They have massively overprojected their ability to attract additional fans and to maximise commercial opportunities. How envious the SRD community board must be when they look West down the East Lancashire Road and see the Leigh Leopards achieving everything that they set out to do in the “Reds Rise Together” prospectus.
The Salford debacle is only a few weeks away from being rectified one way or another. 30th January marks this months pay day (do they have the funds to pay?) 9th February marks Salford's first competitive game of the season and the need to register players with the RFL. Without a new paymaster will the £1.2M salary cap be enforced.
Using the Wrexham takeover of a community club as an example - it took 6 months from NDA to announcement, and a further 3 months to ratify. Salford need to wrap it all up in less than 6 weeks or players are walking out on voided contracts.
How did Salford Red Devils get in this mess? In April 2023 Salford Red Devils launched a community share scheme entitled “Reds Rise Together.” The aim was to raise between £250K - £2M to secure the long-term future of the club. Along with raising of capital, there were a number of commercial targets, like growing average attendances by 2000, securing income streams on matchdays and securing a long-term lease with money through refreshment sales. SRD Holdings LTD Profit & Loss Actual 2021 Actual 2022 Estimated 2023 Estimated 2024 Estimated 2025 Total Income 2612209 3154036 3469440 3900613 4321405 Total Expenditure 2961643 3734884 3873761 4395060 4511381 Profit/Loss Before Tax (349434) (580848) (404321) (494447) (189976)
The aim was to reduce the £580K loss in 2022 to a more manageable £189K loss in 2025 and break even some time in the near future. According to ChatGPT SRD were able to raise an incredible £1.5M, more conventional search engines put the figure at over £250K on the 30th May 2023.
The rest of the prospectus appears to have been less successful. Objective 3: To increase average match attendance by 2000 within 3 years. This in reality requires Salford to achieve average attendances of 6000 in 2025. The average figure in a successful season like 2024 was only 4646 way below the projected figure. This greatly impacts on the estimated income of nearly £4M which also incorporates the projected income stream for refreshments, which incidentally has still not been negotiated with Salford City Council, even though the season starts in just over two weeks time.
Salford City Council have periodically propped up the club with loans and grants to cover shortfalls in the SRD coffers. ChatGPT states that, “As of the latest available information, Salford Red Devils owe £1.6 million to Salford City Council. This debt primarily relates to the club's lease at the AJ Bell Stadium, and there have been ongoing discussions between the council and the club about restructuring this debt.”
Salford City Council have recently bought out Peel Holding for £7M at a time when most councils in England and Wales are strapped for cash. Salford City Council is believed to be £1.5 Billion in debt.
Salford Red Devils have far exceeded the goodwill of Salford City Council, and the Rugby League club have used the council like a personal piggy bank. They have assumed that possible income streams are available to be spend before they receive the money and in many cases the money never arrives. They have massively overprojected their ability to attract additional fans and to maximise commercial opportunities. How envious the SRD community board must be when they look West down the East Lancashire Road and see the Leigh Leopards achieving everything that they set out to do in the “Reds Rise Together” prospectus.
The Salford debacle is only a few weeks away from being rectified one way or another. 30th January marks this months pay day (do they have the funds to pay?) 9th February marks Salford's first competitive game of the season and the need to register players with the RFL. Without a new paymaster will the £1.2M salary cap be enforced.
Using the Wrexham takeover of a community club as an example - it took 6 months from NDA to announcement, and a further 3 months to ratify. Salford need to wrap it all up in less than 6 weeks or players are walking out on voided contracts.
"It is important to add that the advancement monies were held by RL Commercial and payments administered directly from them - the club have never been given the funds to manage directly."
Looks like Salford players are getting paid this month.
"It is important to add that the advancement monies were held by RL Commercial and payments administered directly from them - the club have never been given the funds to manage directly."
Looks like Salford players are getting paid this month.
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