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Seems to me to be totally biased as far as Ealing concerned. RFU are not fit for purpose. I don't think many expected Cov to make the final so Pirates have a chance. The club needs the extra income, last financials don't look great. Going to be some player cost reduction over the summer I...

Great result, in to a final ...... and not a mention in the cov telegraph :mad: There is no sports section for Cov Rugby but they have one for speedway?

If the Trustees agree to it i would think so. They will have to pay interest on the bonds between 13/05/22 and the redemption date. Not sure what the bond document says about delays and penalties though

This link gives details Notice of Refinancing and Delay to Repayment - 15:41:41 13 May 2022 - WAS1 News article | London Stock Exchange Notice of Refinancing and Delay to Repayment WASPS FINANCE PLC Released 15:41:41 13 May 2022 RNS Number : 5017L Wasps Finance PLC 13 May 2022 13 May 2022...

25k pw equates to £1.3m per annum. find it hard to believe that is true to be honest. that puts the average 25 player squad at a cost of £32.5m thats without any other costs a club necessarily has to pay in salaries eg manager, trainers, backroom staff, directors etc I think the averages are...

The bond was a way to fund their purchase when the wasps holdings wasn't established. The interest rate was 6.5% costing 2.275m pa with no capital repayment. High interest to reflect elevated risk of a sporting club bond Things have not gone to plan, there were problems with the bond so raising...

Not going to disagree on most of that except the They have invested despite what some say. During MR's 2nd tenure on the information we know and can check at Companies House to 31/05/2021 the net effect is that they have taken out £115,828 more than they have put in I gave an estimate from...

Best signing the club has made for seasons, not because he could be viewed as some sort of guru (he isnt) but because he is the glue that holds it all together and the owners, players, staff, fans trust in him

i would not have thought that to be right - strange if it is

just clarify. over the period of MR's current tenure SISU have invested minus £115,828k. In those years there have been loans put in eg 2020 during pandemic £1.6m but also monies extracted eg 2019 £1.7m. In essence they have in the years up until 31/05/2021 put in very very little What they...

Not sure to be honest fp and cant find anything that says. Would seem logical that each individual game televised gets paid shortly afterwards. Circa £100k for home side and £1ok for the away team i think As for the main distributions i have always assumed it would be paid quarterly but dont...

take out the various items that do not involve the flow of funds and the starting point is a £665k loss after adjusting for cash timing differences, the EFL loans, the player tradings actually paid or received (ie not the profit on the P&L acc) repaying £140k to the owners, ...... there was...

as all assets of the club are secured by legal charge in favour of ARVO then already any player sale in theory has to be cleared by ARVO. So far there hasnt been sufficient funds available to withdraw funds except in 2019 when they took out £1.7m

I don't have a problem with how the club is currently run. It has to sustain itself, and i have long argued that all clubs should do so. That doesn't stop owners of any club putting money in to finance better though - but i would argue that any owner should only do so on the basis of additional...

They had a loan from the EFL 2.4m , player trading, timing of cash flows in and out, etc the loss of 4.26m includes 2.16m interest not paid but added to debt, and amortisation of player contracts 1.8m (not money paid out) depreciation 75k (again not money paid out)

In terms of cashflow yes pretty much. In 2021 accounts they kept back 2.4m so they could pay out during the following year. That money was accumulated by restricting the playing budget. As such it means at 31/05/21 at least the owners did need to put funds in to keep the club going and the club...

The losses are not the thing to look at because they are to a great degree created by the interest that is not actually paid out and to a lesser degree the amortisation of player contracts. The metric everyone should measure them by is cash flow. Basically that tells you the sources of monies...

In the MR 2nd spell to 31 may 2021 net investment was minus £115,828k. Details are from the published financials Would think she was here for something more important an u16 match. If she went to watch then great but I don't really care if she does or doesn't go. I doubt her presence or not at...

I would like to see stoppages for head injury to be a minimum of 5 minutes head injury assessment by qualified medical staff - thats more about player welfare than anything else (but it might stop some play acting too) a minimum time enforced for goal kicks from hands or from the floor. With...

I dont think the average supporter is bothered about a seat on the board, but they do as a body want to be listened to, be respected and be useful . They want to know that their club is in safe hands of people who know what they are doing and can demonstrate that they do. They want to know...