Re: Where's the money Gary? : Mon Mar 06, 2017 1:17 pm  

William Eve wrote:

According to the accounts posted on a Rhinos Facebook page, GH received an unsecured interest free loan of 500k from the club, and Rob Oates received a 200k loan on the same terms. This was a couple of years ago. I've no idea whether there is any significance or connection between those loans and Leeds reluctance to sign any players to improve the squad.

If true and I'm not suggesting you are not reporting what you have seen accurately BBB, this seems very strange. If true it seems a bizarre use of funds by a club trying to fund a major ground redevelopment and failing to recruit enough quality players to replace the outgoing generation.

Re: Where's the money Gary? : Mon Mar 06, 2017 1:56 pm  

Re: Where's the money Gary? : Mon Mar 06, 2017 1:58 pm  

Someone responded to the post with....

Lots of companies do this instead of wages and bonuses, was 2015 a good year? That maybe the reason, also shareholders can take them as well, it is nothing illegal or improper as probably those members of this site with own companies will know.



Also: MODS can we please get rid of those social sharing buttons, or move them to the top or bottom of threads. They're a pain in the arris!

Re: Where's the money Gary? : Mon Mar 06, 2017 6:52 pm  

The loans were for buying the rugby union club were they not?

Re: Where's the money Gary? : Mon Mar 06, 2017 7:17 pm  

Gotcha wrote:

The loans were for buying the rugby union club were they not?

So no risk for the directors - if it fails Leeds will simply write the debt off.

Is that the best use of limited resources when you are struggling to fund major capital projects?

Re: Where's the money Gary? : Mon Mar 06, 2017 7:35 pm  

Gotcha wrote:

The loans were for buying the rugby union club were they not?

The timing rather suggests that or introducing funds to attract other investors for the new RU company.

Re: Time for heatherington to go? : Mon Apr 24, 2017 12:03 am  

loiner81 wrote:

So anyway, its £50 to Leeds Foundation then.

If Leeds are in the top 4 after 23 rounds you donate it.
If Leeds are out of the top 4 after 23 rounds I donate it.

Halfway'ish. Are you getting nervous Sal?

Re: Time for heatherington to go? : Mon Apr 24, 2017 10:55 am  

loiner81 wrote:

Halfway'ish. Are you getting nervous Sal?

£50 is not the issue for me that it appears to be to you - it is going to a very worthwhile charity so as before its a win-win.

Re: Time for heatherington to go? : Mon Apr 24, 2017 1:44 pm  

Sal Paradise wrote:

£50 is not the issue for me that it appears to be to you - it is going to a very worthwhile charity so as before its a win-win.

Could care less about the money, it's not like you're paying me. The charity wins either way.

Showing you up once again though....
Must be a killer to get it so wrong, year up on year upon year.

Re: Time for heatherington to go? : Mon Apr 24, 2017 4:44 pm  

loiner81 wrote:

Could care less about the money, it's not like you're paying me. The charity wins either way.

Showing you up once again though....
Must be a killer to get it so wrong, year up on year upon year.

I can live with it - believe me - long way to go yet