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OEs withdraw from Nat1 |
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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: 02 Sep 2021 at 22:16 |
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Scrum time I did speak about this earlier in the thread it’s a big hit but nothing we can do about it so no point in worrying about it. Not sure what you are inferring about OEs demise but it’s not that we have turned it away they have withdrawn from the league
Raider The insurance on tickets is taken out when purchased and the buyer needs to take a view at the time as to the likelihood of there being a problem with the game for example DMP in January pay the premium Leeds in October probably not but it is a gamble
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So many Christians not enough Lions
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Scrumtime
World Cup Winner Joined: 26 Aug 2020 Location: London Status: Offline Points: 833 |
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Rabbie, that may be, but for a game where Club had 2k plus people as a gate and are rumoured to have taken over £50k through lunch, bar, food stalls etc in the Dec 2019 game (last time clubs played), I thought the departure of OEs would have hurt Blackheath more than most, to turn away that amount of income and you will not be able to claim that back! May I suggest that this may have been very short sighted by some, or were they becoming a little more than a noisy neighbour and the loss of income was just a small price to pay? Edited by Scrumtime - 02 Sep 2021 at 21:31 |
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Raider999
World Cup Winner Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4430 |
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Probably a bit too late for that though |
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RAID ON
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Rabbie Burns
World Cup Winner Joined: 18 Jul 2007 Location: United Kingdom Status: Offline Points: 3322 |
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You can take out insurance on tickets which fully refunds the cost if you cannot use them
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So many Christians not enough Lions
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workerbee
World Cup Winner Joined: 20 May 2009 Location: Wirral Status: Offline Points: 883 |
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That may well be true, the problem with booking train tickets is two fold , If you leave it late to book there is very little discount , the best time is 12 weeks before you intend to travel to get the maximum. Also if you leave it late there could be a possibility of not getting seating together. In the case of traveling to OE's for 4th September they did not withdraw until one month before when all the tickets had been purchased.
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Raider999
World Cup Winner Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4430 |
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Dream on - they withdrew before the season, so I suspect the fixture doesn't exist -so no compensation. |
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RAID ON
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Monkey Boy
World Cup Winner Joined: 13 Nov 2011 Status: Offline Points: 1809 |
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So the same will apply
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Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11120 |
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There is RFU funding for clubs that suffer losses due to postponed matches. |
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Sweeney Delenda Est
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kingsheathlad
World Cup Winner Joined: 15 Jan 2010 Location: Alcester Status: Offline Points: 3254 |
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No change from BBC for this season. They show OE'S fixture v Caldy next Saturday.
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Cauliflower ear.
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Monkey Boy
World Cup Winner Joined: 13 Nov 2011 Status: Offline Points: 1809 |
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What do you do when a game is postponed?
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Raider999
World Cup Winner Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4430 |
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Indeed - why not if they are owed money (only Leeds can get away with that ) As others have said - this is the downside of 1 source of income. Additional OEs must have paid well to attract the calibration of players they did, hence when the money stops those players move on has the have little loyalty to the club. |
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RAID ON
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Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11120 |
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I read Scrumtime's post to mean the players, possibly with others, instigated the action against Paulsen's estate - not they were at fault. |
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Sweeney Delenda Est
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Scrumtime
World Cup Winner Joined: 26 Aug 2020 Location: London Status: Offline Points: 833 |
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I think they are very worried that a lot of other clubs have fallen foul and its only just coming to light.
I think this may have opened a can of worms that they are not happy with, and a lot of other clubs will be under the microscope in the very near future!
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workerbee
World Cup Winner Joined: 20 May 2009 Location: Wirral Status: Offline Points: 883 |
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For those who run clubs or have a financial interest and who have the stamina the RFU have just released via the Community Clubs Up date New Financial and Insolvency regulations - Regulation 5 which runs to 10 pages!!. I presume they start up a new department to over see Regulation 5,
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Runitback
World Cup Winner Joined: 22 Sep 2014 Location: North Status: Offline Points: 1210 |
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I dont think it is fair to blame the players, if they had signed contracts in good faith then the Club should have honoured them or like any business that can not meet its obligations it has to close.
I wonder how you would feel if your employer did the same? This is the Clubs responsibility and again shows the danger of Sugardaddies!
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Run with it
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Scrumtime
World Cup Winner Joined: 26 Aug 2020 Location: London Status: Offline Points: 833 |
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I saw a couple of OE players in the local last Saturday whilst I was watching the game.
I had to ask them the question, to be fair they were gutted but pretty open about it. It turns out that this was all started by two ex players. Both who left the club on Jan 2020, when the money stopped. One started a wats ap group headed, " I'm going to war on OE's, who is owed what" and then sent it to every player that had left. Both of these players, who's names are out there for doing this, are now plying their trade elsewhere at local clubs. Mr Paulsen it seems was not totally the picture that was painted. We all know that Secure Trading went down in May 2019 owing the RFU several millions. He owes the club via Cyber1 (still active and nasdaq listed) a very large sum, although the club is taking legal action to reclaim this, the hearing date has been moved back 3 times due to COVID, the last date it was due to be heard was June but has been moved back to Oct they were saying, that is the "owed sponsorship" in the press announcement, he also owes and has outstanding many debits to many at OEs. That might explain the timing of things! Edited by Scrumtime - 11 Aug 2021 at 07:07 |
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Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Offline Points: 11120 |
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I note that Mr Paulsen (deceased) was declared bankrupt on the 13th August 2020 with the petition coming from a Dutch company, Semper Fortuna N.V. On the other hand, he is still listed as having Active Significant Control over Old Elthamians Rugby XV Ltd. |
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Raider999
World Cup Winner Joined: 18 Jan 2013 Location: Crawley Status: Offline Points: 4430 |
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Unfortunately, OE's didn't own their own ground and had little home support.
So there was little to fall back on when they ceased to get the money from their benefactor. Their demise was predicted towards the end of the 2019/20 season - provoking vehement denials on this forum from one of their officers - strangely we haven't heard anything from him lately. |
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RAID ON
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Rabbie Burns
World Cup Winner Joined: 18 Jul 2007 Location: United Kingdom Status: Offline Points: 3322 |
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It is also what the debts were, were they rugby debts (players wages etc) or running costs rent/utilities etc which there could be a payment holiday for but still has to be paid. As Halliford says it’s a complex business and unless you know the complete picture everything is just speculation
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So many Christians not enough Lions
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Halliford
World Cup Winner Joined: 17 Feb 2010 Location: United Kingdom Status: Offline Points: 4146 |
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The financing of rugby clubs is a complex area. Owning your own ground is a major benefit, generating non-rugby income can often be crucial. Even then a club can be in the same position as many companies are, supporting its working capital through a strong fixed asset. Sweating that asset becomes a key step, as does engagement with members to get their support.
Reducing reliance on individual donors/sponsors is also key - unless they are Trailfinders’ owner with an enlightened long-term funding strategy, you are always focussed on the whims of one or two people and that is dangerous. As we move into a new season we are trying to find all sorts of indicators as to how income generation will change - will gates rise, will pre-match lunches sell out, will people stay in the Bar after matches, will they attend Events? Finding the answers to all of those questions will happen in the first few weeks of the season so by Christmas we will have a clearer idea of how our finances will change this season. Let’s hope the 47 remaining NLR Clubs can get through this early period and continue to show the rest of the game how to run successful rugby clubs.
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