Leigh have a big creditor its called derek, he is owed 1.3m in loans. He therefore controls the process and the outstanding contracts would get f'all. He has stated that if we need a newco it will be debt free and 100k in the bank from him, there was no debt to HMRC a situation now frowned on so I don't know what punishment the RFL will place on newco, but it took 3 admins and huge HMRC debts to penalise Bradford points. The choice facing the players is hold out force administration and get nothing or take the pay off on the table, I understand the pay off is similar to Admin fees. That's how it is, not stating its right but reality is something or nothing for the 2 players

Bradford were docked points for every insolvency event. In fact we were only admitted into the league after the first one by agreeing to half the central funding for the following 2 years. The one after that no central funding and points. The third one no central funding and points deduction.

Did any of these admins involve HMRC ?

Also you can’t hold an influential position at a club if you have had a company suffer an insolvency event in the previous 3 years.

Which means should Leigh end up in admin Beaumont can’t set up a new business to buy the club off the admin.

He’d have to have someone else do it and gift them the 100k (plus gift it any deduction in central funding).

Realistically I think the two players will come to some sort of agreement with the club or nobody gets anything. Except the administrator - as no one buying the club will offer to pay off Beaumont’s director loans.

Leigh will be in the championship next season I’m confident of that.

I think they were owed money on at least the last one.

The rfl rules are pretty clear though. If you go into admin you will get a points deduction and reduced central funding.

If you pay some or all of the creditors back it reduces the severity of them that’s all.

HMRC debt isn’t viewed any differently to any other creditor anymore. The rfl can’t insist on that because they aren’t a preferred creditor anymore making it illegal.

I think a better comparison would be Salford rather than Bradford. Salford did a prepack admin and the amount of league points you are deducted is based on the % that creditors are repaid (I think).
Marwan gave assurances that Salford's creditors would be met and so I think their punishment was more lenient.

If Leigh were to do a prepack but not pay the players anything, then I would imagine the rfl wouldn't look too kindly on that and their points deduction would be higher as a result.

Yes. All of them IIRC.

Pretty sure central funding was 'just' reduced on the 3rd, not withheld.



IIRC in the last one there was a dispute as to how much was owed to HMRC due to someone trying to lessen the VAT bill by selling Season Tickets as 'Memberships' which attract a lower (0?) VAT rate. When the court ruled in HMRC's favour the Club quickly went into administration.

That was Admin 1 as it was Peter Hood's idea IIRC.

All the central funding was withheld from Omar Khan when he took over after Admin 1 and shared amongst the other SL clubs when he took over making it almost certain he'd fail and lead to Admin 2.

Pretty sure Green tried it, or something similar - it was definitely VAT that was owed. From the T&A in Nov 2016

[i“The club were subject to a VAT Assessment which was appealed three months ago." [/i

No he's not. AB Sundecks are Leigh's big creditor.

Sponsor..

Who are owned by Derek.

Does Widnes need a seat to be thoroughly warmed ?

It's Kevin Larroyer I really feel for, this is twice in recent times he has been shafted with K.R being the 1st after their MPG & now Leigh.
Despite the meltdown after 4th place wasn't achieved he has continued to play hard & give 100%, I really hope he gets something out of the Club & finds a new Club & decent deal soon !

Tell Kevin to Give Danny Ward a call........we like players who play hard no matter what and we'll need his like next year (and it's closer to home)

He's from the Toulouse region ain't he, would be a great signing for them.

Larroyer to fax the latest rumour

Grear signing if true.... Fax will be in the mix again in 2019

They are THE MAJOR CREDITOR. Check out the last published accounts to the end of November 2017. Owed over £900k then and the debt will have grown in 2018.

Just heard a rumour that there's some new investment heading in the direction of Leigh.

I'll "temper" the rumour by saying it comes from an NRL source, currently active in the NSW cup who has heard that a number of players have been targeted by a scout looking for players for a recently relegated SL side.....can't be Widnes as their squad is looking complete, so I am just joining the dots here and I may be wrong. (has happened before)
Maybe Del Boy was just trying to remove the last £80,000 obstacle to a sale of the club?

Latest rumour

13 players signed up for Leigh, and a cash injection from a current sponser.

https://www.manchestereveningnews.co.uk ... d-15424461

https://www.manchestereveningnews.co.uk ... d-15424461

The fact that Derek Beaumont ignored the small £60 fine imposed by the policeman, and drove off, rendering himself now up for penalties and court costs totaling £569, tells me that Derek Beaumont is a petulant and irrational individual, with too much money to spare. His choice of a bright orange colour for his luxury car also tells me that he is a vulgar and tasteless attention seeker.

If it fell off,it fell off. It was in the boot. Its a non endorsable offence. Not sure why you are spouting "penalties"? You obviously don't carry the same weight in your citreon cv2 Jean.



You do seem to have an inferiority complex regarding DB! I would suggest seeking medical advice at your earliest convience.