Re: So who is leaving : Fri Oct 25, 2019 10:14 am  

MicktheGled wrote:

I've spoken to Eric Perez this morning and the money received from the sale of the three players will be used to pay the creditors and the wages as he outlined at the recent fans' forum.

I admire his optimism that whilst the Bulls brand might be toxic, it's far from dead.

The key question here is which 'creditors' are in fact being 'paid'.

If one allows for 'the brewing storm' the true club debt will we are very confident now exceed £1M. In almost all instances insolvent businesses underestimate (or even do not know) the true magnitude of the sums owed to creditors. A current debt of circa £1M is more likely to be closer to the mark, and that does not include AC's alleged large debt which we aver is no more than convenient accounting chicanery.

Another scandal is also (allegedly) sadly brewing - accurate details of the club's top six creditors.

Re: So who is leaving : Fri Oct 25, 2019 10:31 am  

nestegg wrote:

The key question here is which 'creditors' are in fact being 'paid'.

If one allows for 'the brewing storm' the true club debt will we are very confident now exceed £1M. In almost all instances insolvent businesses underestimate (or even do not know) the true magnitude of the sums owed to creditors. A current debt of circa £1M is more likely to be closer to the mark, and that does not include AC's alleged large debt which we aver is no more than convenient accounting chicanery.

Another scandal is also (allegedly) sadly brewing - accurate details of the club's top six creditors.

Put up or shut up

Re: So who is leaving : Fri Oct 25, 2019 10:47 am  

Not Evans. He's signed up for a year.

Re: So who is leaving : Fri Oct 25, 2019 11:20 am  

MicktheGled wrote:

I've spoken to Eric Perez this morning and the money received from the sale of the three players will be used to pay the creditors and the wages as he outlined at the recent fans' forum.

I admire his optimism that whilst the Bulls brand might be toxic, it's far from dead.

Oh and due to people missing me I'm back on Twitter @TheGameCallerRL.

An obvious question you probably should have asked him is if (some of) the money from the sale of those players is being used to pay this month's wages, what are the Club going to use to pay November's?

Re: So who is leaving : Fri Oct 25, 2019 12:04 pm  

Mr Dog wrote:

An obvious question you probably should have asked him is if (some of) the money from the sale of those players is being used to pay this month's wages, what are the Club going to use to pay November's?

Well, there won't be much to find as we only have about 8 players

Re: So who is leaving : Fri Oct 25, 2019 12:11 pm  

bullinenemyland wrote:

Are you sure about that? I seem to remember Craig Harrison saying something along the lines of Fev having over £100k of talent in the squad but not paying a single penny for them.

I could be mistaken but I think the way the system works is if you DR a player then that's at no cost but loans you must agree the wages (a bit like Leigh did with Kevin Brown and Ryan Brierley).

I cannot see how a club can claim to save on the salary cap simply by offloading players on a week by week basis if not selected.

Having re-read the relevant section in the Op Rules (highly recommended bedtime reading for insomniacs!) it would appear that you are correct in that offsetting payment for players on DR is only allowed if the parent club is a Championship club. However, there is specific mention of C and L1 clubs including any payments made to the parent club for, or match payments to, players on loan or DR to them. I very much doubt Fev have had all the DR players for free (Singleton, and quite possibly C Smith, an exception as that really was as a favour to Leeds), much cheaper than their actual real cost yes. I'd be surprised if anyone other than a few at both clubs know the reality of the agreement.

Re: So who is leaving : Fri Oct 25, 2019 12:18 pm  

paulwalker71 wrote:

Well, there won't be much to find as we only have about 8 players

I thought contracts ran till 30th November?

Re: So who is leaving : Fri Oct 25, 2019 12:34 pm  

Mr Dog wrote:

I thought contracts ran till 30th November?

Ah yes, Roger did correct me on that previously

Re: So who is leaving : Fri Oct 25, 2019 12:36 pm  

Mr Dog wrote:

I thought contracts ran till 30th November?

That's correct Mr Dog.

It's only from the December pay date that the club will see its commitment to wages significantly decrease.

Re: So who is leaving : Fri Oct 25, 2019 12:36 pm  

Mr Dog wrote:

I thought contracts ran till 30th November?

Possibly not the ones that have been transferred?