Re: Will Lovell : Wed Dec 20, 2017 7:48 pm  

northernbloke wrote: Not sure what you mean dog! To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month https://www.thebalance.com/ways-to-live-within-your-means-960044 northernbloke wrote: Just stating my view on things not arguing I call Bullcrap on that.......you are constantly sniping at anyone who dares have a "downer" on the club, be it historical or current.....Lovell was average at best before his injury and he will be a handy back up should we need him, but as with other "signings", many fans are of the opinion that we will be weaker than last year and may even struggle to make the qualifiers. Your BLIND OPTIMISM is your way of arguing a point when the statistics and facts aren't in your favour.....the above definition is a perfect example. I said we weren't living within our means and we are not.....we are currently racking up 2 million or so a year in debt.......whether the debt is ever paid or not is immaterial!

northernbloke wrote: Not sure what you mean dog! To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month https://www.thebalance.com/ways-to-live-within-your-means-960044 northernbloke wrote: Just stating my view on things not arguing I call Bullcrap on that.......you are constantly sniping at anyone who dares have a "downer" on the club, be it historical or current.....Lovell was average at best before his injury and he will be a handy back up should we need him, but as with other "signings", many fans are of the opinion that we will be weaker than last year and may even struggle to make the qualifiers. Your BLIND OPTIMISM is your way of arguing a point when the statistics and facts aren't in your favour.....the above definition is a perfect example. I said we weren't living within our means and we are not.....we are currently racking up 2 million or so a year in debt.......whether the debt is ever paid or not is immaterial!

Re: Will Lovell : Thu Dec 21, 2017 2:03 am  

Cannot agree with you it's debt! Has DH ever said it's an investment? Investments you expect a return, if he is happy paying the bills then that's a whole different issue, that then is an income stream!.
Love it, I state a positive view on things it's arguing, or sniping, someone makes a negative comment and it's not up for discussion!
Not sure why signings like will L are such a surprise, we are a championship side, at the moment we can only afford to be a championship side, we have no given right to think we should have SL status, so signings are likely to reflect that. Back to the same thing, we cannot do anything about it apart from come through the gate and support the club or not.
And it's a forum, it's meant for folk to voice thoughts!

Re: Will Lovell : Thu Dec 21, 2017 7:07 am  

we are a championship side, at the moment we can only afford to be a championship side, we have no given right to think we should have SL status, so signings are likely to reflect that

How do Toronto do it?

Re: Will Lovell : Thu Dec 21, 2017 7:50 am  

We can probably afford to be a Championship side but can we afford to be a full time Championship side? That's the real question, not whether or not we can fund Superleague.

Also how does David put his money in? If he writes it off, no it's not debt. If it is as directors loans and it sits on the balance sheet then it certainly is debt and has the potential to cause issues further down the line.

Re: Will Lovell : Thu Dec 21, 2017 8:15 am  

So being conservative say 1.5 mil a year even over 5 years that's 7.5 mil if it was an investment DH would be expecting that figure or that figure plus back. Does anyone really think how it works? It's sport, it's his rich mans toy remember, he knows its money spent, not money invested.

Re: Will Lovell : Thu Dec 21, 2017 11:02 am  

I don't think anyone is saying he expects it back but if it is directors loans it sits on the books as a debt and will need to be sorted if the club is taken over or folds. It could be sorted via a write off but it's still debt.

My ice hockey club was run along very similar lines until recently. Ended up writing off ludicrously large sums for a club that got similar gates to Broncos.

Re: Will Lovell : Thu Dec 21, 2017 12:00 pm  

The outstanding debt to David Hughes and let us not forget Ian Lenegan is a barrier to the club going forward.
It would have to be addressed before anyone would seriously consider taking over the club.
Another consideration is that David Hughes is not getting any younger. I believe he will be seventy three in January. How long will he want or be able to hang around?
As has been said previously, now is the time that the club should be planning for its long term future. Surely he would not want his legacy to simply die. But that remains the prospect.

Re: Will Lovell : Thu Dec 21, 2017 8:11 pm  

Bostwick wrote:

The outstanding debt to David Hughes and let us not forget Ian Lenegan is a barrier to the club going forward.
It would have to be addressed before anyone would seriously consider taking over the club.

I know of 1 occasion where the "debt" was the major stumbling block to us having a new owner.

The Club are in debt to him for tens of millions....and NB......that means we live beyond or means

Re: Will Lovell : Fri Dec 22, 2017 2:30 am  

Dog, by your logic every penny that any owner who “puts into” the club expect to get that back! So by that logic every year broncos value increases by what? 1.5million Even you cannot believe any owner thinks that way. Maybe if someone “bought” the club for a price they might want to get that back.
What DH puts into the club every year he knows that is never getting back. As for New investors and the “debt” you call it that, some call it “value” of the club.
When you sell a car that you have owned for 5 years you want the value of the car, the price is that, not the value of the car and the cost of all the petrol you put into it over the 5 years, same concept

Re: Will Lovell : Fri Dec 22, 2017 2:53 am  

northernbloke wrote:

Dog, by your logic every penny that any owner who “puts into” the club expect to get that back!

It's irrelevant if they expect it back or not...it is given as a Directors Loan and it sits on the books as debt. Without this "loan", we wouldn't be able to operate to the extent that we do now....ergo, we are living beyond our means.
It's not just me who sees this, but it is you and only you who AGAIN refuse to accept that you are wrong