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| Quote ="bramleyrhino"Presumably the distinction is whether funds are there for 'Leigh' to honour those contracts, or if the funds belong to Beaumont? If 'Sporting Club Leigh Ltd' can afford to pay, then it simply becomes a contractual dispute between the players and the club. It's hard to see if that's the case given that the business accounts for Sporting Club Leigh Ltd [url=https://beta.companieshouse.gov.uk/company/04587402are more than a month overdue[/url.
The the ability to pay the players is contingent on another injection of cash from Beaumont (ie a director's loan) that isn't forthcoming, then as the link from Bullsye says, he has three options - sell, appoint a new director or wind the club up.
My gut feeling is that there is an element of brinkmanship to this and Beaumont is pressuring the relevant parties to agree to an arrangement. If the club were to fold, the two players in question would face a protracted and expensive legal battle to most likey end up with the square-root of Jack.'"
I'm just basing things on the quotes from DB in the article.
Quote "When 40% of your playing budget would be taken up by those two players, that you're trying to arrange to move on, it leaves very small amount of money to recruit 20 players.
"If I gave a coach that money they'd be in League One the following year."'"
That makes it sound like the central funding can cover the liabilities but wouldn't leave them with much to build the rest of the squad.
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| Monies owed to employees are taken out of the pot before preferential creditors such as the crown or the banks who own debentures. However, the last accounts show that Leigh are massively insolvent so there is no money to pay any debts. Even if DB was to write off the money owed to his other company, Leigh are still insolvent. (This is all based on the 2017 accounts by the way, the 2018 accounts are overdue and I doubt they will get filed anyway)
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Club Owner | 1278 | No Team Selected |
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| Quote ="Ruune Rebellion"Monies owed to employees are taken out of the pot before preferential creditors such as the crown or the banks who own debentures. However, the last accounts show that Leigh are massively insolvent so there is no money to pay any debts. Even if DB was to write off the money owed to his other company, Leigh are still insolvent. (This is all based on the 2017 accounts by the way, the 2018 accounts are overdue and I doubt they will get filed anyway)'"
As you say employees are preferential creditors but they come second in line to secured creditors (and the insolvency practitioner).
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| Quote ="Mr Dog"As you say employees are preferential creditors but they come second in line to secured creditors (and the insolvency practitioner).'"
My mistake! Thanks for the correction!
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| Quote ="Budgiezilla"40% of the 200K that we'll get from the RFL funding. That is all we are going to spend on players for next season (allegedly).
All the other players accepted 'pay offs' or signed for other clubs. Kevin Larroyer should be able to find another club, but Rhys Evans (on 80K a season) was injured constantly, but has a 3 year deal.
Derek Beaumont has helped create this 'mess' but he's not prepared (this time) to bankroll us out of it. It happened to one of the biggest clubs in Bradford Bulls, so the fact that it is happening to Leigh Centurions is hardly 'earth shattering'.'"
Wow 80k a year. Heard Widnes want him
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| So throwing at money at players doesn’t always work however I do hope Leigh survive
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| As I understand it the RFL are giving Leigh £200k. 40 % is for two players which works out at £80 k.
Bearing in mind Beaumont’s previous contributions to get Leigh into SL. I would guess that 80K is not much for him yet he seems to be trying to blame two players for Leigh going out of business, which ever way you look at is wrong to blame two players . Pay them the money nd let them move
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| Quote ="Durham Giant"As I understand it the RFL are giving Leigh £200k. 40 % is for two players which works out at £80 k.
Bearing in mind Beaumont’s previous contributions to get Leigh into SL. I would guess that 80K is not much for him yet he seems to be trying to blame two players for Leigh going out of business, which ever way you look at is wrong to blame two players . Pay them the money nd let them move'"
Well said, 40k each is hardly mega money, Beaumont is trying to publicly humiliate the players to bully them out of taking the money they’re owed, we should have a players union to stand up for the players in this type of situation.
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| Quote ="Durham Giant"As I understand it the RFL are giving Leigh £200k. 40 % is for two players which works out at £80 k.
Bearing in mind Beaumont’s previous contributions to get Leigh into SL. I would guess that 80K is not much for him yet he seems to be trying to blame two players for Leigh going out of business, which ever way you look at is wrong to blame two players . Pay them the money nd let them move'"
I'm sure Kevin Larroyer will find another club anyway, and a decent one. Not sure about Rhys Evans with 'his many injuries' last season though.
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| Quote ="Vikingsufferer"Wow 80k a year. Heard Widnes want him'"
Good luck with that one. Rhys had missed much of the previous season at Warrington, when we signed him. He only played a handful of games last season, for us. (Larroyer 'bust a gut' for the entire season, and was still giving 80 minutes a game, throughout the awful Championship Shield series)
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| Quote ="Mr Dog"Only RFL approved clauses are allowed in players' contracts. Whilst there is one to permit termination of the contract on relegation (at least from SL, not sure about C to L1) one for failing to make Top 4/promotion isn't.'"
Cheers for that, but there have been tales of instances of 'unusual' clauses in their contracts.
e.g. Ryan Brierley's apparent 'follow Paul Rowley' clause.
e.g. The rumoured clauses in some of our contracts, quoting Super League and Championship salaries, on relegation - hence an argument that certain contracts shouldn't be considered 'null & void' on relegation from SL. (a group of our former players were still contesting their departure following relegation)
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International Chairman | 14970 | No Team Selected |
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| I hope Evans stands his ground and demands his full wage from Leigh. The league is distorted by clubs spending money they can’t afford anyway and this is another example of it. As others have said, if Leigh had offered him a contract they could actually afford then he may have gone elsewhere.
Beaumont has been shown up as the loudmouth pillock that he is. Happy to take the adulation when things are good but sods off as soon as it gets tough.
Leigh should pay what they owe or go bust and reform in League 1.
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| Quote ="Him"I hope Evans stands his ground and demands his full wage from Leigh. The league is distorted by clubs spending money they can’t afford anyway and this is another example of it. As others have said, if Leigh had offered him a contract they could actually afford then he may have gone elsewhere.
Beaumont has been shown up as the loudmouth pillock that he is. Happy to take the adulation when things are good but sods off as soon as it gets tough.
Leigh should pay what they owe or go bust and reform in League 1.'"
He's only doing it because he has yet to find another club, and he has no chance of 'another payday' that Leigh gave him (in writing). If it's so unfair why have the other players (bar 2) accepted pay-offs, or signed for another club then ?
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| You may well be correct Budgiezella, but unless we know the circumstances of all the individuals involved, it's difficult to access who has the moral ground. At the end of the day, this needs to be resolved, DB to cut all ties with Leigh Centurians and the club to draw a line under this particular chapter in order to move forward.
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| Quote ="MorePlaymakersNeeded"You may well be correct Budgiezella, but unless we know the circumstances of all the individuals involved, it's difficult to access who has the moral ground. At the end of the day, this needs to be resolved, DB to cut all ties with Leigh Centurians and the club to draw a line under this particular chapter in order to move forward.'"
Agreed, something needs to be done. Leigh have no players, and can't sign any till the issue is resolved.
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| Quote ="Budgiezilla"He's only doing it because he has yet to find another club, and he has no chance of 'another payday' that Leigh gave him (in writing). If it's so unfair why have the other players (bar 2) accepted pay-offs, or signed for another club then ?'"
So. If Leigh didn’t want to pay him that money they shouldn’t have signed a contract saying they would. He’s not demanding anything more than he is owed.
Maybe it suits those other players, that’s their prerogative. Players shouldn’t be guilt-tripped into taking less than their contractual wage.
Put it this way, if you were headhunted in your job by another company who said they’d pay you 20% more than you’re currently getting paid. So you move to them. Then a year later they ask you to take a 60% pay cut. Would you say yes? With no qualms whatsoever? Regardless of whether you’d raised your living costs commensurate with your wage rise?
And then, if you prevaricate or say no, the company goes to the press and says it’s your fault they can’t trade anymore, would you accept that?
I’d be effing furious with them and try and get every penny owed to me.
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| Quote Agreed, something needs to be done. Leigh have no players, and can't sign any till the issue is resolved.'"
Something will be done. You will go into administration(not pay the players you owe money to) and suffer a year at the bottom of the championship then go down or just go down which is probably the best option for all.
We will see you sometime in the late 2020's.
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| Quote ="Nothus"Is administration an option when you actually have the capital available to pay off the creditors but just don't want to?'"
You can liquidate the company - but that would involve collecting all the debt in, paying all the creditors and then paying a dividend with any remaining funds.
You can call in adminstrators to close the business down but normally it only happens if you are insolvent and its usually a creditor that appoints them
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| Quote ="Budgiezilla"He's only doing it because he has yet to find another club, and he has no chance of 'another payday' that Leigh gave him (in writing). If it's so unfair why have the other players (bar 2) accepted pay-offs, or signed for another club then ?'"
Perhaps because they needed money, even if it was less than what was owed? Just a wild guess, like.
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| Do Leigh own a share of their ground? I think they do, this would have to be sold and surely cover the players wages. I think they are looking to avoid administraton at all costs, (other than the costs of players wages) to stop this happening, hence the bullying tactics trying to get players to walk away without the money their owed.
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| Quote ="Sir Kevin Sinfield"Do Leigh own a share of their ground? I think they do, this would have to be sold and surely cover the players wages. I think they are looking to avoid administraton at all costs, (other than the costs of players wages) to stop this happening.'"
Leigh Centurions ( Sporting Club Leigh Ltd ) apparently has a 11 % stake holding in the LSV complex , that however doesn't mean that 11% has a monetary value , the club( company ) isn't allowed to borrow against that ' asset '
Warrington don't own the Halliwell Jones , they are a stakeholder ( much bigger share than Leigh ) but cannot borrow against it as an asset
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| Nobody ( Leigh fans ) is happy with how Derek has done this , it isn't nice , but it's done
Playing RL is the hardest team sport in the world , the players are vastly underpaid and to see players not get paid isn't what we want to see in the sport
Essentially all the players except these 2 have cut a deal and moved on to pastures new , they probably thought that by hanging on Derek would relent and pay up to get us back to focusing on building again , in the end he hasn't and into administration we go , we aren't the first , won't be the last , it's 16 years since we last did it , who knows when it might happen again
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| Quote ="GUBRATS"Nobody ( Leigh fans ) is happy with how Derek has done this , it isn't nice , but it's done
Playing RL is the hardest team sport in the world , the players are vastly underpaid and to see players not get paid isn't what we want to see in the sport
Essentially all the players except these 2 have cut a deal and moved on to pastures new , they probably thought that by hanging on Derek would relent and pay up to get us back to focusing on building again , in the end he hasn't and into administration we go , we aren't the first , won't be the last , it's 16 years since we last did it , who knows when it might happen again'"
At the risk of showing favour to the Leigh Chairman.
Having found themselves outside the top 4 in the Championship which, before the season started, was unimaginable.
A huge financial hole opened up which then has to either be filled or an alternative found.
Nobody can dispute the fact that these 2 players have contracts, which they are entitled to see fulfilled.
However, if you were part of an organisation whereby EVERYONE had to take a pay cut in order for the organisation to survive, how happy would you be if all bar 2 people took a pay cut but, they dug their heels in ?
You have to have sympathy for Leigh's plight and nobody wants to see yet another club go into administration but, if the contract demands/obligations of these 2 players are the difference between the "life and death" of the Leigh club, would it not be wise for them to "do their bit" and try and ensure that the club survives.
After all, if Leigh do go into administration, will their contracts still be guaranteed ? (I know that wages are given priority but, are they 1005 certain to receive full payment).
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| Quote ="Sir Kevin Sinfield"Do Leigh own a share of their ground? I think they do, this would have to be sold and surely cover the players wages. I think they are looking to avoid administraton at all costs, (other than the costs of players wages) to stop this happening, hence the bullying tactics trying to get players to walk away without the money [u[itheir[/i[/u owed.'"
they're
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| Quote ="wrencat1873"At the risk of showing favour to the Leigh Chairman.
Having found themselves outside the top 4 in the Championship which, before the season started, was unimaginable.
A huge financial hole opened up which then has to either be filled or an alternative found.
Nobody can dispute the fact that these 2 players have contracts, which they are entitled to see fulfilled.
However, if you were part of an organisation whereby EVERYONE had to take a pay cut in order for the organisation to survive, how happy would you be if all bar 2 people took a pay cut but, they dug their heels in ?
You have to have sympathy for Leigh's plight and nobody wants to see yet another club go into administration but, if the contract demands/obligations of these 2 players are the difference between the "life and death" of the Leigh club, would it not be wise for them to "do their bit" and try and ensure that the club survives.
After all, if Leigh do go into administration, will their contracts still be guaranteed ? (I know that wages are given priority but, are they 1005 certain to receive full payment).'"
That's it , they won't get much if anything
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