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   WWW.RLFANS.COM • View topic - Latest financial situation - all posts here
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The £800k that has apparently been promised appears to be, coincidentally, similar to the amount that would be required to run the club until the end of the season, post Administration.
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just doesnt seem right somehow, if the fans could raise another £400k that would be £900k to date. Caisley, Hood etc. etc. will still have their shares after letting the Bulls get into this state and the fans get nowt.
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what is also clear is that the knife is over the squad, quote Guilfoyle but my emphasis:

Next season, they can rejig the playing squad and try and build a new, cheaper squad around the young talent they’ve got to VASTLY reduce the wage bill.

That is going to have a VAST impact upon results.

so if it is another fund raiser from the fans, thats £900K to watch a worse team.
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How can we be spending £200k a month on wages? That just seems like an insanely high amount to me.

I just don't believe a single word of that article at all. What a mess.
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Sounds as though Caisley wants it all. The fans to pay for the clubs debts, thereby making a viable company in which he holds shares and controls. He has even got somebody else to tell you that.
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Nothus wrote:
How can we be spending £200k a month on wages? That just seems like an insanely high amount to me.

Seems on the low side to me. Salary cap players alone should be costing around £140K per month, then there are players outside the SC, coaching staff, admin staff (Duckett, Duffy, Charlton et al) and day to day staff (shop, maintenance, bar...). If I'd had to guess, I'd have put it closer to £250K / month.
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There's a nasty implication there that administration would put your SL place in doubt - scare tactic or real chance?
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Northernrelic wrote:
The club's advisor seems to be saying we need "pledge mark 2" for a further £400k before the end of the month to bring in the other £800k?
So is anyone at the club itself going to come out and say this and try to get it organised? I personally would contribute if this is what it takes to give the club a chance of staying in the SL as I think if a clun drops out known there is little chance of ever getting back.

So message to BOD - time for some decisive leadership to get the fans to rally round - again!


If they had announced size of shortfall last week when they applied for admin then a pledge mk2 may have worked. Now with less than a week til admin - no chance. Which suits the current board perfectly. I've said all along that the entire review and investment plan is based around a pre determined outcome which involves admin and that's looking increasingly accurate.
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martinwildbull wrote:
what is also clear is that the knife is over the squad, quote Guilfoyle but my emphasis:

Next season, they can rejig the playing squad and try and build a new, cheaper squad around the young talent they’ve got to VASTLY reduce the wage bill.


I don't really see how we can vastly reduce the wage bill next season.

We know the 17 players 'out of contract' at the end of the year, and the majority are likely to be the lower wage earners such as Walker, Sibbit, Ainscough - or they are the very people that fall into the 'young talent' category, such as Addy, Crookes and Donaldson. The only obvious high earners that could be let go are Elima and Hargreaves. And presumably either or both of Manuofakoa and/or Sammut could be released.

But the real high earners - people like Scruton, Langley, Diskin etc, and the higher earning overseas players such as Kearney, L'Estrange and Lulia are under contract - not to mention the likes of Platt and Sykes - are the ones are we can't get rid of unless someone comes in with an offer.

It seems like a right old mess - the people that we could get rid of to drastically cut the wage bill are the ones that we can't get rid of. And some of the ones we need are the ones that are out of contract. And getting rid of 'numbers' just to trim the wage bill isn't going to help when we start getting injuries - we've barely being able to name a starting 17 at times this season. Trim the squad by, say, 6-8 players and we're looking like we'll not be able to raise a team some weeks!
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Re: Latest financial situation - all posts here : Wed Jun 20, 2012 10:08 am  
Won't all those contracts be irrelevant if you go into admin?
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