You were owed over £3000..... : Mon Jan 24, 2011 1:32 pm  

.....by the Crusaders when they went into administration. Just how many creditors can one company rip off...... http://www.redpassion.co.uk/images/cru- ... t-full.jpg

.....by the Crusaders when they went into administration. Just how many creditors can one company rip off...... http://www.redpassion.co.uk/images/cru- ... t-full.jpg

Re: You were owed over £3000..... : Mon Jan 24, 2011 1:40 pm  

£3600 to us and £2300 to Saints....

Is that for gate receipts?

Re: You were owed over £3000..... : Mon Jan 24, 2011 2:04 pm  

Player pensions £424K, RFL £701K, TOTAL over £2M!
Guessing this is the write off from Celtic as Brewery Field is also a creditor? Just one season of arrears...

Makes you realise how hard it is for the clubs to stay afloat!

Re: You were owed over £3000..... : Mon Jan 24, 2011 2:35 pm  

They owed Neath RUFC £15,000.

A lot of that list looks very Southern Wales to me. It would be interesting to see which franchise out of Bridgend and Wrexham ran up those debts.

£700k to the RFL. What did they provide that for?

Re: You were owed over £3000..... : Mon Jan 24, 2011 3:28 pm  

Saddened! wrote:

£700k to the RFL. What did they provide that for?

I'd hazard a guess at it was the capital invested...

Re: You were owed over £3000..... : Mon Jan 24, 2011 4:15 pm  

I am sure I read somewhere it was for services rendered by the RFL. But on the Wrexham Red Passion messageboard it has been suggested that was given to assist Roberts and Moss to buy the franchise or something, can't be bothered going back to read but I'm sure you can search it out.

Re: You were owed over £3000..... : Mon Jan 24, 2011 4:26 pm  

You have to admit that this is shocking, all comes back to them been rushed though.....

I feel more for the small companies rather than the likes of the RFL or the Inland Revenue, i mean look at Kukri, £41,000!! That is a lot of kit!

Re: You were owed over £3000..... : Mon Jan 24, 2011 4:50 pm  

I lent Brian Noble £30. Guess I'll never see THAT again either.

Re: You were owed over £3000..... : Mon Jan 24, 2011 4:54 pm  

dan1978uk wrote:

You have to admit that this is shocking, all comes back to them been rushed though.....

I feel more for the small companies rather than the likes of the RFL or the Inland Revenue, i mean look at Kukri, £41,000!! That is a lot of kit!

Hardly the first business to go into administration recently, is it?

Sometimes, it is too easy to forget that sporting organisations are a business.

Re: You were owed over £3000..... : Mon Jan 24, 2011 5:18 pm  

The £700k is the RFL's charge for management assistance and staff seconded to the Crusaders during their season in South Wales. It was not, despite what doom-mongers from Wrexham, Widnes, Leigh, Wakefield, etc would have you believe, relating to a cash loan. In fact the RFL now has this money guaranteed via a charge over the Racecourse Stadium, which is why the football fans are seeing their arrises.

Anybody like to have a guess at what Warrington's debts were in the last set of accounts?