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Re: Rugby League Gets Big Government Handout : Mon May 04, 2020 9:06 pm  
Redscat wrote:
Just our luck that MC will turn down the loan; then yer Leeds, Hull, Wigans etc will accept it, only for the Government to write the loans off in a couple of years. Hence the rich clubs will become wealthier and we'll still be struggling. It's the way of the world, I'm afraid. :DEPRESSED:


No chance they will be wrote off its UK tax payers money that is administered by the Govt. It's not a grant it's a loan it has to be that. If the Govt had provided 16 million as a gift then the floodgates for other sports would have been opened.
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Re: Rugby League Gets Big Government Handout : Mon May 04, 2020 9:13 pm  
The government has been known to write of debts RWB, public money or not, particularly to third world countries.
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Re: Rugby League Gets Big Government Handout : Tue May 05, 2020 9:02 am  
FIL wrote:
MC quoted in today's League Express saying that we won't be applying for any of the £16 million as it is a loan that will eventually need to be repaid and he doesn't want to take us down that route, whereas a certain big-spending club just 10 miles up the M1 will be !!
Adam Pearson says that Hull FC are in a similar situation with regards to a huge wage bill and virtually no tangible assets !!


So a positive story about our finances, that we don't need to borrow money from the RFL to get ourselves through this crisis and are in a better financial shape than most clubs to get us to the other side, and it becomes a negative? That takes some doing.
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Re: Rugby League Gets Big Government Handout : Tue May 05, 2020 9:52 am  
Slugger McBatt wrote:
So a positive story about our finances, that we don't need to borrow money from the RFL to get ourselves through this crisis and are in a better financial shape than most clubs to get us to the other side, and it becomes a negative? That takes some doing.


Totally Agree.
Its like saying that if someone rang you up offering you a loan and you didn't need it you'd take it!!!
Not surprised though with some on here Slugger......... :CRAZY:
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Re: Rugby League Gets Big Government Handout : Tue May 05, 2020 1:40 pm  
Listening to his podcast there was a lot of interesting stuff on it - much of which was very positive.

He intimated that we owed less than 3 k to trade creditors which was pretty remarkable,
That he anticipated any central support should go on a needs basis so hull leeds etc had much larger infrastructure costs so would probably get more of any money
The players were supportive but were potentially free agents and if they could get a better deal he would understand
There was loads of other stuff but have to say was really impressed as always and thank we are pretty lucky to have him and if says we aint claiming its good enough for me
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Re: Rugby League Gets Big Government Handout : Tue May 05, 2020 3:14 pm  
It’d be absolutely criminal (but not surprising) if grassroots RL and lower league clubs didn’t receive a single penny.
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Re: Rugby League Gets Big Government Handout : Wed May 06, 2020 7:39 am  
Willzay wrote:
It’d be absolutely criminal (but not surprising) if grassroots RL and lower league clubs didn’t receive a single penny.

Apparently £1m of that £16m is reserved for grassroots clubs, however as a chairman of a grassroots club I haven't received any information to confirm that. But again as a loan we would need to pay back and currentlt, with nearly 3 months of no income, I'm not sure where the money will come from to pay it back.
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Re: Rugby League Gets Big Government Handout : Wed May 06, 2020 1:23 pm  
financialtimes wrote:
Apparently £1m of that £16m is reserved for grassroots clubs, however as a chairman of a grassroots club I haven't received any information to confirm that. But again as a loan we would need to pay back and currentlt, with nearly 3 months of no income, I'm not sure where the money will come from to pay it back.


Surely you know Willzay by now? All the questions but no answers. :roll:
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Re: Rugby League Gets Big Government Handout : Mon May 11, 2020 10:33 am  
One thing that occurred to me yesterday is that RLFans has plenty of people on it who decry these small pit-town clubs, who cry merger, overseas, anywhere but the M62 or Belle Vue. Well, suck it up, because these small pit-town clubs and ones like Wakey have just saved rugby league, because it was that small-town community element that got the grant from the government. And I include teams like Wigan and Warrington in that. They may be big clubs, but the towns themselves are small in reality and the clubs are the heartbeat of the towns. Would we have got it if the game had been just about Toulouse and Toronto and merged clubs, if the sport wasn't still a northern working class sport? Not a chance.

So, suck it up. You know who you are.
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