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Runitback 
World Cup Winner
Joined: 22 Sep 2014
Location: North
Status: Offline
Points: 1211
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 Posted: 30 Jul 2020 at 20:24 |
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£20m a minor issue? I think that is pretty significant Front 5!!!
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Run with it
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front5
World Cup Winner
Joined: 26 May 2017
Location: County Durham
Status: Offline
Points: 399
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Posted: 30 Jul 2020 at 16:40 |
 Neasham wrote:
The issue revolves around local council withdrawing from the £20m Sports Village project on the pitches outside the Arena. |
I understand this to be a minor issue
Edited by front5 - 22 Aug 2020 at 15:03
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Rabbie Burns
World Cup Winner
Joined: 18 Jul 2007
Location: United Kingdom
Status: Offline
Points: 3322
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Posted: 30 Jul 2020 at 13:13 |
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While that is understandable in the current climate with most if not all local authorities having their budgets squeezed that would throw any club into complete disarray and is hardly mismanagement if you are going along a projected road to come against a funding withdrawal I would say it is only negligent if you have paid out the money before you get it but that again is what most businesses do
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So many Christians not enough Lions
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Neasham
World Cup Winner
Joined: 09 May 2014
Location: County Durham
Status: Offline
Points: 461
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Posted: 30 Jul 2020 at 10:01 |
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The issue revolves around local council withdrawing from the £20m Sports Village project on the pitches outside the Arena.
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greeneyed
British and Irish Lion
Joined: 06 Oct 2013
Location: Wharfedale
Status: Offline
Points: 193
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Posted: 30 Jul 2020 at 09:55 |
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The 'community' clubs which are at most risk are those whose hubristic management have incurred large and unavoidable overheads, normally by the ambitious overdevelopment of their fixed assets, usually in pursuit of the Impossible Dream. This is a tragedy, although in most cases understandable, which afflicts several of my own club's best friends. I do hope that other clubs with such plans in the pipeline will think very carefully before going ahead.
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kingsheathlad
World Cup Winner
Joined: 15 Jan 2010
Location: Alcester
Status: Online
Points: 3259
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Posted: 29 Jul 2020 at 18:47 |
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DMP have an EGM on 12 August.
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Cauliflower ear.
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Kimbo
World Cup Winner
Joined: 31 May 2007
Location: 'incleh
Status: Online
Points: 6213
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Posted: 29 Jul 2020 at 15:28 |
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
Are they that much in the soup? I guess they could always re-name it the Bird's Nest. If your nephew has been Peking he could probably confirm that.
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Our City,
Our Club
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Romanrelic
British and Irish Lion
Joined: 06 Sep 2016
Location: UK
Status: Offline
Points: 156
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Posted: 29 Jul 2020 at 13:20 |
Great news, I’m jumping in first and ordering the set meal for 2 and a pot of curry sauce. Beats the standard steak pie or burger... RR
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Moseley Mauler
World Cup Winner
Moseley
Joined: 22 May 2007
Location: England
Status: Offline
Points: 638
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Posted: 29 Jul 2020 at 13:07 |
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Just stop rising to TigerTitan's bait. The more you feed the trolls.........
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backrowb
World Cup Winner
Joined: 07 Nov 2013
Location: Gods own county
Status: Offline
Points: 1656
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Posted: 29 Jul 2020 at 11:26 |
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
Check your device. Suspect you have a virus
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Mark W-J
Coaching staff
Joined: 22 May 2007
Location: United Kingdom
Status: Offline
Points: 3653
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Posted: 29 Jul 2020 at 09:16 |
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
Did your (very reliable) nephew tell you that...?
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Halliford
World Cup Winner
Joined: 17 Feb 2010
Location: United Kingdom
Status: Offline
Points: 4157
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Posted: 29 Jul 2020 at 09:15 |
billesleyexile wrote:
FHLH wrote:
Robb wrote:
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
That won't end well. |
If true, it could do if a relationship between DMP and Chinese clubs can be developed. Hiwever, are there any football teams looking fir a new home? |
Opportunity for Wasps' next move north? |
Or Falcons move south as they seek bigger crowds?
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billesleyexile
World Cup Winner
Joined: 20 Jun 2013
Location: England
Status: Offline
Points: 1855
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Posted: 29 Jul 2020 at 09:01 |
FHLH wrote:
Robb wrote:
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
That won't end well. |
If true, it could do if a relationship between DMP and Chinese clubs can be developed. Hiwever, are there any football teams looking fir a new home? |
Opportunity for Wasps' next move north?
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keep the faith
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FHLH
World Cup Winner
Cambridge
Joined: 19 Apr 2009
Location: Cambridge
Status: Offline
Points: 5265
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Posted: 29 Jul 2020 at 08:53 |
Robb wrote:
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
That won't end well. |
If true, it could do if a relationship between DMP and Chinese clubs can be developed. Hiwever, are there any football teams looking fir a new home?
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"My father told me big men fall just as quick as little ones, if you put a sword through their hearts."
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Robb
World Cup Winner
Joined: 24 Jan 2017
Location: South East
Status: Offline
Points: 1492
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Posted: 29 Jul 2020 at 06:59 |
TigerTitan wrote:
dmp are selling the stadium to a chinese owner |
That won't end well.
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TigerTitan
British and Irish Lion
Joined: 05 Jun 2016
Location: Sheffield
Status: Offline
Points: 182
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Posted: 29 Jul 2020 at 00:26 |
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dmp are selling the stadium to a chinese owner
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Halliford
World Cup Winner
Joined: 17 Feb 2010
Location: United Kingdom
Status: Offline
Points: 4157
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Posted: 28 Jul 2020 at 22:56 |
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I agree with Sid James, my Club is asset-rich and we have lost £160k of revenue this summer. We have used the Government grant and furlough schemes and done an appeal which has offset a lot of that. We have reopened our Bar and BBQ at weekends and next month start external bookings again but it has been hard this summer. As Secretary I am doing three times the work I would normally do to ensure that we can take advantage of every opportunity. We will survive but we know that funding the next two seasons will not be easy, one of the reasons we are pleased to be welcoming London Scottish in Sept 2021.
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Sid James
World Cup Winner
Joined: 28 Jun 2013
Location: East Yorkshire
Status: Offline
Points: 1646
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Posted: 28 Jul 2020 at 22:07 |
The loss of rugby and rugby related income is effecting us all to varying degrees but, those Clubs who are clearly 'asset' rich are often wrongly assumed to be also 'cash' rich. This is hardly ever the case and I believe that it is 'asset' rich Clubs who are feeling the effect of the restrictions the most.
Clubs with sizeable Clubhouses/facilities almost certainly need a regular income to simply meet the regular bills & expenses that having such facilities will bring. A large part of that income is usually not rugby related and, rugby apart, it is probably the loss of this income which is currently crippling 'asset' rich Clubs. I assume that Clubs who do not own their Clubhouse/Playing facilities and simply finance a 1stXV squad will probably be feeling little financial effect from the Covid-19 restrictions.
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All Knwoing All Seeing
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Camquin
World Cup Winner
Joined: 01 Jun 2007
Location: Cambridge
Status: Offline
Points: 11158
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Posted: 28 Jul 2020 at 21:45 |
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Presumably we will find out after the EGM on the Glorious 12th.
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Sweeney Delenda Est
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front5
World Cup Winner
Joined: 26 May 2017
Location: County Durham
Status: Offline
Points: 399
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Posted: 28 Jul 2020 at 20:09 |
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A fall from grace comes to mind
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