: Fri Jun 05, 2009 2:51 pm  

rugbyman wrote:

And quotes of gates lower than expected, they said they were budgeting on 700 at the beginning of the season and most of the sensible fans knows that we have beat that number on quite a few occasions this year, so how many freebies have been given, or what was the true figure that they budgeted for?

How as the debt gone from £40000 to around £80000, i know some of the players were on contracts from last year but a lot are on playing terms only.
we must have saved in the region of £40000 - £50000 from Bauer, Green, Handforth, Briggs and Haley going, who i presume were contracted players.

The Dons would not have saved 40K TO 50K just yet on the players contracts, they have only just recently left, the Taxman also puts interest on what is owed to him on a daily basis and I’m sure that sponsorship would have been placed into the projections to run the club (Credit crunch has killed off the companies that the Dons would have been targeting)

: Fri Jun 05, 2009 3:03 pm  

DRAGONFAN wrote:

There certainly needs to be something set up--but i would have thought best to leave till after the Administration is sorted out.

Any ideas for Fundraising will i'm sure be welcomed by all fans of the club.

hi are u the addmin ror the site if so when can we get together to chat about that thing i mentioned to u at the meeting

: Fri Jun 05, 2009 3:16 pm  

Donny Dave wrote:

hi are u the addmin ror the site if so when can we get together to chat about that thing i mentioned to u at the meeting

(Moderator)

Hi Donny Dave---Please read your private messages.

: Fri Jun 05, 2009 4:03 pm  

Marshland wrote:

The Dons would not have saved 40K TO 50K just yet on the players contracts, they have only just recently left, the Taxman also puts interest on what is owed to him on a daily basis and I’m sure that sponsorship would have been placed into the projections to run the club (Credit crunch has killed off the companies that the Dons would have been targeting)

I thought the club were been advised on business & financial matters by a group of local business people surely a good piece of sensible advice would have been to to always make sure your payments to the Inland Revenue & VAT are always paid & up to date yet it is rumoured the club owes the inland revenue around £40k
Nat 1 teams receive £100k from the RFL this season somethig they didn't get last season & we were told we were starting off a debt free club this season and wouldn't be living beyond our meams yet half way through the season we are in administration with debts of around £80k how as this happened in such a short period of time ?

: Fri Jun 05, 2009 4:51 pm  

GeoffRoebuck wrote:

I thought the club were been advised on business & financial matters by a group of local business people surely a good piece of sensible advice would have been to to always make sure your payments to the Inland Revenue & VAT are always paid & up to date yet it is rumoured the club owes the inland revenue around £40k
Nat 1 teams receive £100k from the RFL this season somethig they didn't get last season & we were told we were starting off a debt free club this season and wouldn't be living beyond our meams yet half way through the season we are in administration with debts of around £80k how as this happened in such a short period of time ?

Geoff please see my post timed at 5.53pm 3rd June on the Admin thread. That broadcast from Dave Marshall will fill in all the missing blanks from this dialogue. Thats if someone can carry out what I suggested. If not available then PM me.

: Fri Jun 05, 2009 5:30 pm  

GeoffRoebuck wrote:

I thought the club were been advised on business & financial matters by a group of local business people surely a good piece of sensible advice would have been to to always make sure your payments to the Inland Revenue & VAT are always paid & up to date yet it is rumoured the club owes the inland revenue around £40k
Nat 1 teams receive £100k from the RFL this season somethig they didn't get last season & we were told we were starting off a debt free club this season and wouldn't be living beyond our meams yet half way through the season we are in administration with debts of around £80k how as this happened in such a short period of time ?

Dont believe all you are told by the RFL , the 100k per club is not what it seems , just more RFL positive ' spin '

: Fri Jun 05, 2009 5:45 pm  

Starbug wrote:

Dont believe all you are told by the RFL , the 100k per club is not what it seems , just more RFL positive ' spin '

The question is did the club submit there business plan to the RFL for there approval based on what amount of payment they would receive from the RFL this season?

: Fri Jun 05, 2009 6:54 pm  

GeoffRoebuck wrote:

The question is did the club submit there business plan to the RFL for there approval based on what amount of payment they would receive from the RFL this season?

Its straightforward as far as i can see-

The club submitted a budget to the RFL which was approved.
A short time afterwards the clubs gone bust.

Lower attendences,less sponsorship than projected etc cant be totally to blame for the said level of debt.

Sadly i cant see the clubs long suffering fans ever finding the true reasons-although its not hard to figure it out.

: Fri Jun 05, 2009 6:59 pm  

GeoffRoebuck wrote:

The question is did the club submit there business plan to the RFL for there approval based on what amount of payment they would receive from the RFL this season?

To get this money from the RFL involves employing key personel that in all honesty you probably dont need

There is little if any cash monies from the RFL

: Fri Jun 05, 2009 7:36 pm  

Moonlight(Alan) you can listen to Dave Marshall by going onto Radio Sheffield web site.Marshall confirms administration application