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| Yes dears. Our finances were such that, had we lost that night at Headingley, we would have folded the club the next day and sacked all our players.
What it boils down to is this:
Widnes fans were shafted by the people running their club at the time. Not the RFL, Celtic, Quins, Catalans or anybody else.
Fortunately – and to the greater benefit of the game – they were rescued by Leighton Samuels. This is a Good Thing. I cheered when it happened. As I commiserated with Widnes fans the day their board tried to kill their club.
But it doesn't make what theirr 2006-7 board - including the chairman who promised money he never delivered and then walked out on them – good guys. And it doesn't make what they did acceptable or unexceptional. Nor does it mean 'everybody else was doing it (they weren't) and having to suffer the consequences of what they did is just evidence of how Widnes are/were unfairly treated'.
Still it could be worse: [url=http://viewtopic.php?t=418832they could be Bradford fans[/url
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| Quote ="tb"Still it could be worse: [url=http://viewtopic.php?t=418832they could be Bradford fans[/url
'"
Please don't presume to tar all Bradford fans with the same brush. And what the hell has this to do with the thread at hand, other than to make cheap hypocritical mishief of the sort a thread has already been locked for?
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| [url=http://dictionary.reference.com/browse/banter<sigh>[/url
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| Quote ="tb"Yes dears. Our finances were such that, had we lost that night at Headingley, we would have folded the club the next day and sacked all our players.
What it boils down to is this:
Widnes fans were shafted by the people running their club at the time. Not the RFL, Celtic, Quins, Catalans or anybody else.
Fortunately – and to the greater benefit of the game – they were rescued by Leighton Samuels. This is a Good Thing. I cheered when it happened. As I commiserated with Widnes fans the day their board tried to kill their club.
But it doesn't make what theirr 2006-7 board - including the chairman who promised money he never delivered and then walked out on them – good guys. And it doesn't make what they did acceptable or unexceptional. Nor does it mean 'everybody else was doing it (they weren't) and having to suffer the consequences of what they did is just evidence of how Widnes are/were unfairly treated'.
Still it could be worse: [url=http://viewtopic.php?t=418832they could be Bradford fans[/url
'"
Widnes , you had a couple of shandies tonight
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| Quote ="tb"Yes dears. Our finances were such that, had we lost that night at Headingley, we would have folded the club the next day and sacked all our players.
What it boils down to is this:
Widnes fans were shafted by the people running their club at the time. Not the RFL, Celtic, Quins, Catalans or anybody else.
Fortunately – and to the greater benefit of the game – they were rescued by Leighton Samuels. This is a Good Thing. I cheered when it happened. As I commiserated with Widnes fans the day their board tried to kill their club.
But it doesn't make what theirr 2006-7 board - including the chairman who promised money he never delivered and then walked out on them – good guys. And it doesn't make what they did acceptable or unexceptional. Nor does it mean 'everybody else was doing it (they weren't) and having to suffer the consequences of what they did is just evidence of how Widnes are/were unfairly treated'.
Still it could be worse: [url=http://viewtopic.php?t=418832they could be Bradford fans[/url
'"
That's Masterclass that TB. You should be in politics
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| Quote ="Durham Giant"You obviously dont understand gambling or capitalism.
Castleford gambled, Widnes gambled.
Castleford won, you lost.
You go bankrupt Cas pay their debts.
Get over it All you are doing is making yourself and a great club ( Widnes) look pathetic'"
You really just don't get it do you
WE ARE OVER IT, HOWEVER YOU LOT CLEARLY ARE NOT!
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| Quote ="Alexs Dad"Its easy to slate Widnes for recklessly spending money they didnt have chasing that big SL dream, the one that apparently meant they went bust. Cas also had a good squad - better than Widnes as it turned out, and good costs money.
I wonder what the financial storm would have been at Cas if they had lost that game given the following;
Profit & Loss Account Reserve
2005 -1,007,205
[iOh its gets worse....[/i
2006 -1,127,180 -11.9 %
[iBugger its getting even more worse.....[/i
2007 -1,314,921 -16.7 %
Yes, that's over MINUS one million three hundred thousand pounds in the P&L account for the financial year they beat Widnes and won promotion back to Super League.
But I'm sure another 3 seasons in the National Leagues would not have done any harm.'"
Like many rl clubs we made a loss, we did it when we were in sl too according to those figures (which we will trust for arguments sake, even though i doubt they tell the entire story), doesnt mean we would have gone bust, with the squad they have it looks like widnes probabley make a loss this year too, doesnt mean they are going to go bust again at then end of the year. There is no hard evidence that castleford would have gone bust had we lost that game, it justs sounds like fans of a certain club comforting themselves by saying 'it could just as easily have been them'.
There is factual evidence that widnes spent themselves into administration in 2007, there is no factual evidence that castleford would have gone the same way in the same circumstances.
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| Quote ="Durham Giant"Then stop posting on threads which suggest you are not over it. Do not mention Celtic anymore. STOP SHOUTING and stop being so defensive and then you might convince someone you are over it.'"
Do you get some kind of perverse keyboard warrior pleasure from constantly having to have the last word and arguing over sugar? People like you will never be convinced as you always have your own agenda to play the WUM and to be honest, it's pretty small time... Suggest you get a life away from the messageboards lad.
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| Quote ="pyeman"Like many rl clubs we made a loss, we did it when we were in sl too according to those figures (which we will trust for arguments sake, even though i doubt they tell the entire story), doesnt mean we would have gone bust, with the squad they have it looks like widnes probabley make a loss this year too, doesnt mean they are going to go bust again at then end of the year. There is no hard evidence that castleford would have gone bust had we lost that game, it justs sounds like fans of a certain club comforting themselves by saying 'it could just as easily have been them'.
There is factual evidence that widnes spent themselves into administration in 2007, there is no factual evidence that castleford would have gone the same way in the same circumstances.'"
Or that they would not , it works both ways
The point being made is that given Cas's , financial situation at that point , another year in the NL's ' could ' have resulted in something similar happening to them
Looking at those figures they are probably worse than Widnes's at that time , and it is highly unlikely that they have improved since
They only positive point for Cas is that they own Wheldon rd and therefore have some collateral to allow themselves to have that amount of borrowing
Otherwise they would be in the same position or worse than Widnes
Having said that Widnes are playing in a new modern ' fit for purpose ' stadium while Cas are playing in ' no disrespect intended ' a dump
It sort of evens things out a bit
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| Quote ="Starbug"Widnes
, you had a couple of shandies tonight'"
indeed
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| Quote ="Durham Giant"Then stop posting on threads which suggest you are not over it. Do not mention Celtic anymore. STOP SHOUTING and stop being so defensive and then you might convince someone you are over it.'"
These would be the same threads you're posting on?
So that makes you bitter does it?
Why should Widnes fans not talk about Celtic, when everybody else is doing so?
Widnes fans' views on Celtic are as varied as everyone else's, and just because we may discuss issues surrounding them doesn’t mean we are all bitter. It seems to me that people with your point of view actually think we all should be, and therefore cannot take comments about Celtic by Widnes fans any other way.
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| Quote ="Pepe"These would be the same threads you're posting on?
So that makes you bitter does it?
Why should Widnes fans not talk about Celtic, when everybody else is doing so?
Widnes fans' views on Celtic are as varied as everyone else's, and just because we may discuss issues surrounding them doesn’t mean we are all bitter. It seems to me that people with your point of view actually think we all should be, and therefore cannot take comments about Celtic by Widnes fans any other way.'"
Pepe don't go bursting the poor love's little bubble, I'm not sure he'll be able to handle it.
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| Quote ="Durham Giant"Then stop posting on threads which suggest you are not over it. Do not mention Celtic anymore. STOP SHOUTING and stop being so defensive and then you might convince someone you are over it.'"
If and I say that quite simply as there does seem to be a bit too much ' smoke ' for there not to be any ' fire '
If there is a problem , what do you suggest happens ?
I have suggested and several Widnes fans on here have agreed with me that I have no problem with the RFL bailing them out and even financing them till 2012 as long as the bulk of that money comes from the other SL clubs SKY money
What is your opinion on that suggestion ?
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| Quote ="Starbug"Two and a half hours late
'"
Well forgive me for having a life outside this message board
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| Quote ="tb"Well forgive me for having a life outside this message board
'"
That post was aimed at the Widnes fan for spotting your ' mistake ' two and a half hours after I had pointed it out 3 posts earlier
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| Quote ="Starbug"Or that they would not , it works both ways
The point being made is that given Cas's , financial situation at that point , another year in the NL's ' could ' have resulted in something similar happening to them
Looking at those figures they are probably worse than Widnes's at that time , and it is highly unlikely that they have improved since
They only positive point for Cas is that they own Wheldon rd and therefore have some collateral to allow themselves to have that amount of borrowing
Otherwise they would be in the same position or worse than Widnes
Having said that Widnes are playing in a new modern ' fit for purpose ' stadium while Cas are playing in ' no disrespect intended ' a dump
It sort of evens things out a bit'"
Jeremy clarkson could be the pm next year i wont hold my breath. As i have said there is no proof that anything like what happened to widnes would have happened to cas, if there is some i await it with baited breath. Or we could spend ours talking about things that 'could' have happened (that in reality know one on hear knows th ins and outs of), when only certain things is that they di not happen and there is no hard evidence they would have happened in different circumstances.
If you want i will start-salford would be champions of sl by now if they hadnt been releagated, i have no evidence for this but it would have been nice.
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| Quote ="pyeman"Jeremy clarkson could be the pm next year i wont hold my breath. As i have said there is no proof that anything like what happened to widnes would have happened to cas, if there is some i await it with baited breath. Or we could spend ours talking about things that 'could' have happened (that in reality know one on hear knows th ins and outs of), when only certain things is that they di not happen and there is no hard evidence they would have happened in different circumstances.
If you want i will start-salford would be champions of sl by now if they hadnt been releagated, i have no evidence for this but it would have been nice.'"
Fair do's
One question though
In your opinion would Castleford be in a position to have that much borrowing if they did not own Wheldon rd ?
The finances were similar , the circumstanes of the two club different
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| Quote ="Starbug"Fair do's
One question though
In your opinion would Castleford be in a position to have that much borrowing if they did not own Wheldon rd ?
The finances were similar , the circumstanes of the two club different'"
I'm no financial expert, only the club and there creditors know the borrowing power of the club, if it were indeed the case that the reason why cas were financially stable and widnes were not, i would simply say that it just goes to show that there are up sides and downsides to having the council build you a shiny new stadium.
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| Quote ="pyeman"Like many rl clubs we made a loss, we did it when we were in sl too according to those figures (which we will trust for arguments sake, even though i doubt they tell the entire story), doesnt mean we would have gone bust, with the squad they have it looks like widnes probabley make a loss this year too, doesnt mean they are going to go bust again at then end of the year. There is no hard evidence that castleford would have gone bust had we lost that game, it justs sounds like fans of a certain club comforting themselves by saying 'it could just as easily have been them'.
There is factual evidence that widnes spent themselves into administration in 2007, there is no factual evidence that castleford would have gone the same way in the same circumstances.'"
You're right, I have not told the entire story.
Working Capital
2005 -976,122
2006 -1,156,639 -18.5 %
2007-1,344,142 -16.2 %
I don't think a deficit £1.3 million from normal trading activities going into potentially 4 years of National League rugby would have won many friends at the bank or investors. It suggests they were losing money hand over fist. It doesn't mean they would have gone bust, but at best it puts them in the 'the accountant is very worried' catagory.
Going into the 2007 National League season, Cas had a net worth of minus £410k, almost £160k more than the year before. They also had over £2.5 million of liabilites and trade creditors (folk they owe money to), yet only £1.07 million in assets. Ouch.
Thankfully for Cas, and I quite like clubs like Cas don't get me wrong, they won promotion. Then, with pretty much 4 years gauranteed SL income in the bag, plus their revaluation reserve increasing to £1.6 million, their net worth increased to £1m giving them the medium term finacial stability many other clubs can only dream of.
You can probably tell that the cricket has got off to a slow start and I've little else to do this morning but it shows Durham Giant was spot on when he said Cas were gambling that season, whilst TB has already said what he would have thought of his Board had it failed.
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| Quote ="pyeman"I'm no financial expert, only the club and there creditors know the borrowing power of the club, if it were indeed the case that the reason why cas were financially stable and widnes were not, i would simply say that it just goes to show that there are up sides and downsides to having the council build you a shiny new stadium.'"
Only down sides if you are Leigh , moving to the LSV could be the worst decision we ever make , and could potentially be the end of the club as a force in semi pro RL
All kinds of circumstanes affect this , Widnes had them , Cas have them
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| Quote ="Wheels"Your post was knee-jerk bollox because you are judging a fledgling team 6 months into a 3 year project.
You kid are the one talking drivel.'"
That's just it though i dont want weak fledgling new franchises with no financial backing or sound business plan being put into super league. Ive been saying that since day 1, before any of these so predictable financial problems came to light.
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| Quote ="Pepe"These would be the same threads you're posting on?
So that makes you bitter does it?
Why should Widnes fans not talk about Celtic, when everybody else is doing so?
Widnes fans' views on Celtic are as varied as everyone else's, and just because we may discuss issues surrounding them doesn’t mean we are all bitter. It seems to me that people with your point of view actually think we all should be, and therefore cannot take comments about Celtic by Widnes fans any other way.'"
Why should i be bitter about Widnes
i am only interested in RL and that means i want CELTIC to succeed. the success of the game needs expansion and a realistic level of international competiton. Celtic are a small part of that
that is far more important tham some poxy chemical polluted town in Cheshire. dodgy windswept cities on the North Sea, or decaying Mill towns in the Pennines.
get your head out of your Harris and look at the big picture
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