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Club Owner | 20966 | No Team Selected |
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| Quote ="BroncOnIon"You don't need to imagine. Broncos financial return (London Rugby League Limited) up to end November 2012 published last week, signed off by D. Hughes on Nov. 12, show total liabilities just over £13m, of which £12,294,283 is down to subordinated loans from Hughes (£10,202,076) and Lenegan (£2,092,097). Lenegan's loan dates from the setting up of Harlequins RL. DH's increased from £7,707,275 during 2012, an increase just short of £2.5 m. Loss for 2012 is £2,289,975.
Financial results for 2013 are surely even worse given our dwindling attendances, so DH would have needed to pump in probably about another £3m. this year to keep the operation afloat. Little wonder that he's had enough.'"
He agreed to bankroll a 3 year licence period application......he has carried out 2/3rds of this and the reason he is "wavering" is because the people he employed to run the club and the team have failed catastrophically....he was warned on multiple occasions that financial stability would be delivered through increased attendances yet he blindly ignored these warnings and has driven the club to the edge.
£3,000,000 a year of £30,000,000 a year...he stood in front of the fans and told us he was backing us for 3 more years......his failings and those of his key staff have resulted in us being flogging boys in 2014 at best......or a dead club at worst.
I still say that if we survive and somehow eventually own our own ground, then name a stand after the man, but make no mistake, he is more than partly responsible for this farce........
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International Star | 1512 | No Team Selected |
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Mar 2012 | 13 years | |
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| Quote ="gutterfax"name a stand after the man'"
Gus should also be recognised.
I propose a urinal named in his honour.
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Player Coach | 13897 | No Team Selected |
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Oct 2006 | 18 years | |
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| Quote ="BroncOnIon"You don't need to imagine. Broncos financial return (London Rugby League Limited) up to end November 2012 published last week, signed off by D. Hughes on Nov. 12, show total liabilities just over £13m, of which £12,294,283 is down to subordinated loans from Hughes (£10,202,076) and Lenegan (£2,092,097). Lenegan's loan dates from the setting up of Harlequins RL. DH's increased from £7,707,275 during 2012, an increase just short of £2.5 m. Loss for 2012 is £2,289,975.
Financial results for 2013 are surely even worse given our dwindling attendances, so DH would have needed to pump in probably about another £3m. this year to keep the operation afloat. Little wonder that he's had enough.'"
Which begs the question what’s the point of administration? To clear the debts the major creditor looks likely to write off anyway? It just seems like a threat to get the RFL to agree to the dispensations allegedly wanted by Rae.
I’ve always though RFL should take an more active role in the London club (I’m not sure Wood et al would be of any use) or at least try and tempt Sky to take an interest in the club and at the very least use their promotional expertise to boost the attendances and awareness of London RL.
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Club Coach | 2370 | No Team Selected |
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Jul 2005 | 20 years | |
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| Quote ="Cowgirl Nostalgist"Gus should also be recognised.
I propose a urinal named in his honour.'"
The Angus James McKay Memorial Khazi - got a kind of a ring to it don't you think??
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International Chairman | 4958 | No Team Selected |
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Apr 2002 | 23 years | |
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| Quote ="Khlav Kalash"Which begs the question what’s the point of administration? To clear the debts the major creditor looks likely to write off anyway? It just seems like a threat to get the RFL to agree to the dispensations allegedly wanted by Rae.
I’ve always though RFL should take an more active role in the London club (I’m not sure Wood et al would be of any use) or at least try and tempt Sky to take an interest in the club and at the very least use their promotional expertise to boost the attendances and awareness of London RL.'"
The one outstanding debt we seem to have will be with the training/administration office facilities that we use, we have another season agreed, and it would be too far to travel if we move to The Hive, also we may have some outstanding money due to HMRC.
Agree with thoughts on The RFL, but it never seems to be more than words, not actions?
Hetherinton is raising his head again, always seems to need to have his opinion and express it, he said at the recent meeting we made a presentation and it seemed to be assured, so he is surprised at last week's events.
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Oct 2009 | 15 years | |
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| I am praying this is just a scheme for Kleanthous to own 100% of the club and lose the club's obligations to Hughes, Lenagan, HMRC, Harlequins RU and everyone else, else we are done.
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Club Owner | 3678 | No Team Selected |
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Mar 2004 | 21 years | |
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Aug 2014 | Jun 2014 | LINK |
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| Quote ="markrammond"I am praying this is just a scheme for Kleanthous to own 100% of the club and lose the club's obligations to Hughes, Lenagan, HMRC, Harlequins RU and everyone else, else we are done.'"
To be sure he wont take us on with any debts. I just don't see how even with the dispensations we are seeking that without a competitive team we can generate enough income at the gate to cover our costs. And his motives are only to generate money to make his soccer clb more viable - not less. Cas own their own ground and have decent crowds but are still losing money?
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International Chairman | 1169 | No Team Selected |
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Mar 2002 | 23 years | |
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| Someone tweeted this morning to RLWC2013 & SuperLeague why not put the Rugby League World Cup Team in London for two years to work with the club in Super League and look to having a re-match of the Big One Test with New Zealand at the end of time, to build the club and game in London.
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International Chairman | 4799 | No Team Selected |
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Mar 2002 | 23 years | |
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| Quote ="Rob from Erith"The Angus James McKay Memorial Khazi - got a kind of a ring to it don't you think??'"
Back in the Victorian era and before, it was possible to buy chamber pots with a picture of your least favourite politician in it (at the time of the Napoleonic wars there was even one made with a bust of Napoleon in it!). You could tell the views of your host by who you were relieving yourself on. How about doing one with Gus in it as a fund raiser
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Club Coach | 2370 | No Team Selected |
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| Quote ="The Chronicler of Chiswic"Back in the Victorian era and before, it was possible to buy chamber pots with a picture of your least favourite politician in it (at the time of the Napoleonic wars there was even one made with a bust of Napoleon in it!). You could tell the views of your host by who you were relieving yourself on. How about doing one with Gus in it as a fund raiser
'"
If you know someone who's good with ceramics I reckon you might get a few takers on here!
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International Board Member | 4906 | No Team Selected |
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Feb 2003 | 22 years | |
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| Quote ="Cowgirl Nostalgist"Gus should also be recognised.
I propose a urinal named in his honour.'"
Prefer a Thomas Crapper myself
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Player Coach | 404 | No Team Selected |
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Jun 2009 | 16 years | |
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| It has nearly been a week since the initial announcement, I have to admit that this week has flown by on a personal level so I haven't really put to much thought into the future of the London Broncos but I have to say it is alarming to sit back and think that there is little over 72 hours to work out the future of the club.
I believe the talks all centre around Roehampton as there is still a year on the current contract to use and it is not practical to train there and play at Barnet. With the amount of land and facilities at Barnet, I'd hazard a guess that training would take place there if there is to be a break through.
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| Why isn't it possible to train at Roehampton and play in Harrow? Plenty on Yorkshire players travel to their clubs in Lancs for training and vice versa?
Mind you I love the joined up thinking, let's move from SW London while we still have a year on a training facility there
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| Isn't Roehampton just a field? How much could it really be costing us
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Club Owner | 3678 | No Team Selected |
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Mar 2004 | 21 years | |
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Aug 2014 | Jun 2014 | LINK |
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| Quote ="Moe Lester"It has nearly been a week since the initial announcement, I have to admit that this week has flown by on a personal level so I haven't really put to much thought into the future of the London Broncos but I have to say it is alarming to sit back and think that there is little over 72 hours to work out the future of the club.
[uI believe the talks all centre around Roehampton[/u as there is still a year on the current contract to use and it is not practical to train there and play at Barnet. With the amount of land and facilities at Barnet, I'd hazard a guess that training would take place there if there is to be a break through.'"
So what you are saying is that the hold up has nothing to do with the RFL/other clubs in SL but just AK wanting to scrap paying for Roehampton as a precondition for taking over? As far as the club is concerned if the owner of the Hive (AK) is going to be our new owner the cost of training at the Hive is zero or minimal so i guess giving up Roehampton would save on those running costs. I dont know what those cost are but find it hard to believe thay are so huge that DH couldn't work something out with AK if that alone will secure the clubs future.
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International Chairman | 4958 | No Team Selected |
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| Quote ="Darthchris"Isn't Roehampton just a field? How much could it really be costing us'"
Admin along with all training was based at Richard Evans Playing Fields, Roehampton during the last season, and that address was always used on the website.
Roehampton is only just one of the points that need to be resolved, within the 10 days notice, a big point will be concessions with signing players.
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Player Coach | 404 | No Team Selected |
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Jun 2009 | 16 years | |
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| Quote ="Snoopy"So what you are saying is that the hold up has nothing to do with the RFL/other clubs in SL but just AK wanting to scrap paying for Roehampton as a precondition for taking over? As far as the club is concerned if the owner of the Hive (AK) is going to be our new owner the cost of training at the Hive is zero or minimal so i guess giving up Roehampton would save on those running costs. I dont know what those cost are but find it hard to believe thay are so huge that DH couldn't work something out with AK if that alone will secure the clubs future.'"
Reading between the lines, the Broncos have a year left on their current contract with the owners of Roehampton and they would not be prepared to lose out because it is a breach of contract and obviously a loss of earnings.
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| All sounds pie in the sky to me and we are dead and soon to be buried.
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Mar 2002 | 23 years | |
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| Ridiculous if an issue like the contract on the training facilities (which must have been know about since they decided to vacate SW London) is still a critical problem at this stage.
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Club Owner | 20966 | No Team Selected |
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| Quote ="jaybs"Roehampton is only just one of the points that need to be resolved, '"
Wrong!
Message received from London:
Training ground was on a rolling lease with a termination clause that has been exercised and the club no longer operates from there...so is not an issue.
Things are looking more positive (than last Wednesday Evening) with 2 options on the table.
Personal attacks are not appreciated, especially when the attackers aren't in possession of all the facts and both Gus and TR are working 24/7 to sort this out because they care.
I am all for backing off, but the fact that I had to post a snide comment about the training ground lease (which I now accept was incorrect) to illicit a response from the club speaks volumes as to the frustration that must be being felt by you guys in London.
Still.....I suppose any news is welcome
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| A couple of Ian Ramsdale tweets today:
Ian Ramsdale @ianramsdale 15h
My understanding is that it's vital to the club's future that London Broncos avoid going into administration
and
I've head a few stories of things being done in attempts to prevent it. Deadline for a solution/administration Dec 4th
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