Championship club in financial trouble. : Sun Dec 06, 2015 11:44 am  

Following Bradford having to face a winding up order by HMRC last month. Featherstone who are apparently suffering severe cash flow problems are due to face similar on 14th December. A cause for concern for all RL fans.
Despite what certain persons on this forum think of David Hughes, all the time he remains committed to the club we should be spared this sort of anguish.
Post David Hughes though, who knows?

Re: Championship club in financial trouble. : Sun Dec 06, 2015 11:57 am  

It's something that conveniently gets forgotten, the club has zero debts! Agreed very few assets but I would suggest that that not a lot of clubs can genuinely be seen as debt free.
Not being an apologist merely stating a fact

Re: Championship club in financial trouble. : Sun Dec 06, 2015 2:56 pm  

Boom and Bust is back. When will Leigh join the list!!

Re: Championship club in financial trouble. : Sun Dec 06, 2015 3:14 pm  

That's the problem ain't it, with the signings they have made and the salary cap thing hope the owner has deep pockets

Re: Championship club in financial trouble. : Sun Dec 06, 2015 5:51 pm  

I would never describe Featherstone Rovers as an extravagant club. In fact from the outside they look like a solid well run club, but sometimes these things can creep up on you.
HMRC will only be so patient. What the Winding up Order does is bring things to a head and hopefully they can find a solution.

Re: Championship club in financial trouble. : Sun Dec 06, 2015 6:56 pm  

Fev did seem pretty settled they have just opened a new stand crowds although not massive were steady, the single price sit or stand where you want suited most folk I think.
Well established club as well

[brian2]

Re: Championship club in financial trouble. : Sun Dec 06, 2015 8:18 pm  

Apart from Leeds/St Helens and possibly a couple of others RL is as bankrupt and dependent as rich owners as it was prior to Super League. If Sky pulled the plug, then the finances of the game would be truly laughable

Re: Championship club in financial trouble. : Sun Dec 06, 2015 8:36 pm  

Aren't Fev suffering from a rich owner walking away (booted out) about a year ago. Hence many players leaving in the last few months as they try to reset the books.

Re: Championship club in financial trouble. : Sun Dec 06, 2015 9:52 pm  

Think it's true for a lot of sports

Re: Championship club in financial trouble. : Sun Dec 06, 2015 10:10 pm  

mickyb1234 wrote:

It's something that conveniently gets forgotten, the club has zero debts! Agreed very few assets but I would suggest that that not a lot of clubs can genuinely be seen as debt free.
Not being an apologist merely stating a fact

The club is £16m in debt