Donnyman wrote:
Oh don't talk rubbish. If the Billionaire somehow dropped to a Half $Billionaire he still has more than enough money to pay the players contracts up. As for the drivel about "assett rich cash poor" you read that crap somewhere else and copied it. If someone in big business has shares in companies they can sell them on the stock market and realise the cash in 24 hours.
TWP are a limited liability company with no assets, allowing Argyle to walk away, and walk away he has, leaving families in the lurch it's disgusting. Same for Ottwa Aces Ltd. another phoney set up with players signing on, BUT now knowing the financial risks they are taking. OK it's an adventure so these lads are taking that chance to swan about as a new wave of transatlantic RL players on an adventure. Anyway their risk, they now know what can happen......
But this has nothing to do with "Expansion" at all it's Perez just mucking about on the fringes of the game here.
Not defending the guy or his business acumen but try this: Aussie mining magnate resident in Canada, while head poncho of Potash Company in Brazil.Due to Coronavirus he is prevented from leaving Canada.He is unable to sell shares and is certainly prevented from selling his part of the owned businesses he jointly owns with his friends.His bank accounts have run dry.How do you expect him to free up some money?
I cannot see him continuing in the sport, nor do I see our financially impacted sport continuing attempting to fly out to Canada to play further games.
I don't see Argyle being 100% honest, but cash flow problems are certainly understandable given his,and the current,circumstances.