hullbg wrote:
Not read through all of this but
Could this be Rovers way of waiting to see what happens with Bradford? If Bradford get reinstated into SL, Rovers then go into liquidation before being taken over by a "Newco" and losing all their debts and then siting the Bradford situation as setting a precedence they get readmitted to the SL debt free. Be daft to sell passes etc if they were going to go down this route as it would be money lost.
I know it is a cynical view but if Bradford are admitted back into the top tier I don't see what the downsides are for clubs with debts to go down the same route.
Just playing a bit of devils advocate
Our debts are either to our directors or underwritten by them. It isn't just a case of hiding from the taxman and taking the 6 point deduction.
I reckon NH and RC would sell me the club for £1 if I had a plan and bank balance that would allow me to take the club forward. The problem isn't debt so much as ongoing losses, which under the current strategy and in the current climate can, I think it is fair to say, be described as structural.
We can't spend the cap on crowds of approx 8k and break even. People talk, with some justification, about failure to generate maximum revenue through merchandise and the lottery and so on. But even if that was more fully optimised it'd only nibble round the edges really - definately not a reason to stop working on it, every little helps, but our core business is rugby not retail.
Basically new management would be faced with the same problems. As they are at Bradford in fact, but there's nowt like a near death experience to make you appreciate what you've got. Wakefield look stronger and happier than they have for a while and not so long ago they were in the poop.
