Re: Toulouse : Wed Jun 26, 2013 4:38 pm
Wildthing wrote:
Of course they did.
Leeds were taken over by Caddick, they didnt go into administration and emerge as a different company like Wakefield, Bradford etc. Leeds Cricket, Football & Athletic Company Ltd was incorporated in 1889 and remains the company that runs the rugby league team and owns the assets.
There was a deal done with Tetley's to provide funds up front to help pay off the largest debts in return for years of main sponsorship. But it was only in the last few years that Leeds finally became debt free. They are reaping the benefits of that now with profits of £600k IIRC in the last accounts.