LBSA trust : Thu Sep 28, 2017 9:42 am  

Seems that Salford are going to be run by a trust https://www.salfordreddevils.net/offici ... n-koukash/ Im sure the LBSA will be watching with a keen eye. Thoughts

Seems that Salford are going to be run by a trust https://www.salfordreddevils.net/offici ... n-koukash/ Im sure the LBSA will be watching with a keen eye. Thoughts

Re: LBSA trust : Thu Sep 28, 2017 10:15 am  

Is he still funding the club?

Re: LBSA trust : Thu Sep 28, 2017 11:07 am  

northernbloke wrote:

Is he still funding the club?

The article states that the trusties will be made up of local businessmen and one supporter so my reading is the local businessmen will be funding the club.

Re: LBSA trust : Thu Sep 28, 2017 12:58 pm  

It's interesting, is he retaining ownership of the club with trustees running it? There is not actually that much detail, any change of ownership I would imagine needs scrutiny by the rfl.
One fan is likely to have little say, as you say it will be interesting to see how it pans out.
It's very different from a fan based ownership.

Re: LBSA trust : Thu Sep 28, 2017 7:50 pm  

wantawin wrote:

The article states that the trusties will be made up of local businessmen and one supporter so my reading is the local businessmen will be funding the club.

If he's not funding it, then there's about a 2 million quid sized hole in their operating revenues for next year. Experience tells us that a badly supported club in a rented stadium costs its owners between 1.8 and 2.1 million a year and as much as he has been a breath of fresh air, I really can't see how he's reduced their debts by 80% in 3 years. They have a joint academy next year with Leigh and no reserve grade, but they are still tenants and running at an average attendance that would make Gus blush!

Re: LBSA trust : Thu Sep 28, 2017 8:28 pm  

If I read it right from mr kougash the operating losses are 20% of what they were when he took over so still running at a loss not sure what those figures are.
As for gus! Let it go the man has gone

Re: LBSA trust : Thu Sep 28, 2017 8:32 pm  

How has he saved the money???? Be interesting to see the back room set up, and by the looks he has made cuts from what departing players say

Re: LBSA trust : Thu Sep 28, 2017 9:00 pm  

northernbloke wrote:

As for gus! Let it go the man has gone

Gloucester RU's gain and all that .......

Re: LBSA trust : Thu Sep 28, 2017 9:18 pm  

Worcester come on GF

Re: LBSA trust : Fri Sep 29, 2017 7:46 am  

All our members will have a chance to have their say this com8mg Thursday October 5th. Are we ready this be a Trust?