: Thu Aug 27, 2009 8:07 pm
On the Mark Evans situation, I don't know if it has been mentioned on here before, if so my apologies, but I was surprised to see in today's Daily Telegraph story on the 'bloodgate' scandal, under the byline of Paul Kelso Chief Sports Reporter, that Harlequins (presumably just RU?) are "losing £1million a year and have net debts of £14million".
The story goes on to state that "the club are owned by Australian resident Duncan Saville and current chairman Charles Jillings via a series of offshore entities with the ultimate holding company being Guensey based Mosaic Limited, which has made an interest free loan of £8.65 million to the club.
The club recently took on a further £6.5 million bank debt to fund the redevelopment of the South Stand at the Stoop. These assets will have to work extremely hard if the club are to absorb the cost of the row, which may yet extend beyond the £260,000 ERC fine, without further testing the financial commitment of the owners"