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Premiership II plans announced |
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kempstonblue
World Cup Winner Joined: 20 Jun 2020 Location: Kempston Status: Offline Points: 504 |
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Was he there for the rugby or to help sort out the paperwork, after reading the report in TRP this morning. Rams happy to apply for the new tier 2. Although it is now apparent, if this is a professional league, you will need a rich, bored backer. Minimum ground capacity. 2,000 Press rooms TV gantries A lot of outlay, and paying players, coaches. From a 2,000 gate, if you get your minimum capacity ground filled. 11 home games, plus a cup competition if you’re lucky. 14 games. So 28,000 spectators a season. £20 per head admission. £560,000 gate revenue. I am way from convinced this is a sensible business plan.
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Looking forward to new beginnings.
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gerg_861
World Cup Winner Joined: 11 Jun 2017 Location: Ealing Status: Offline Points: 2522 |
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Bill Sweeney has the business sense of a brick, so no surprise there. Have a read of the damning article that explains that the CVC deal in this week's TRP.
Edited by gerg_861 - 28 Jan 2024 at 11:35 |
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cheshire exile
World Cup Winner Joined: 05 Feb 2009 Status: Offline Points: 2447 |
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Another conspiracy theory; Rams are encouraged to “apply” for Prem 2, only to miraculously rebrand as London Irish.
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Redted
World Cup Winner Joined: 28 Oct 2007 Status: Offline Points: 1079 |
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Hope he paid to get in.
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WEvans
World Cup Winner Joined: 08 Dec 2016 Location: London Status: Offline Points: 1368 |
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That's deeply insulting. To bricks.
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FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5239 |
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Divide and rule. P2 MSC of 800 seats by July 2028
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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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JohnLowe
British and Irish Lion Joined: 24 Oct 2015 Location: Doncaster Status: Offline Points: 298 |
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Have just read article in today’s Rugby Paper. Is there someone out there who could post a link to it so that everyone else can read please?
Edited by JohnLowe - 28 Jan 2024 at 14:32 |
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Jester10
World Cup Winner Joined: 29 Aug 2012 Location: Reading Status: Offline Points: 1734 |
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I can assure you, that will NEVER happen
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Enjoying life!
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FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5239 |
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I can assure you, that will NEVER happen [/QUOTE]
Irish Rams Gloucester Old Spots
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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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FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5239 |
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Don't forget to deduct 1/6th of gate money for VAT (£93k), so £467k |
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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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Jester10
World Cup Winner Joined: 29 Aug 2012 Location: Reading Status: Offline Points: 1734 |
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Irish Rams Gloucester Old Spots [/QUOTE]
If you knew anything about Rams and the history you'd know why it would never happen. But why let facts get in the way of a bit of idle gossip?
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Enjoying life!
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No 7
World Cup Winner Joined: 10 Oct 2011 Location: LONDON Status: Offline Points: 1866 |
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Tell us about Rams........who is in charge and who makes the decision to accept the RFU Bill Sweeney proposal.
Is it the guy who wanted the club to be a limited company .
Edited by No 7 - 28 Jan 2024 at 21:19 |
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Ambition should be made of sterner stuff.
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Steve@Mose
World Cup Winner Joined: 01 Jun 2007 Location: United Kingdom Status: Offline Points: 2744 |
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Or Rams shuffling off to the Premiership-compliant Select Car Leasing Stadium on the other side of town?
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Kimbo
World Cup Winner Joined: 31 May 2007 Location: 'incleh Status: Offline Points: 6184 |
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With Reading FC being in the serious financial brown stuff, who knows eh?
Getting into bed with a serial shyster of an owner may not be the best business plan though.
Edited by Kimbo - 29 Jan 2024 at 08:54 |
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Our Club |
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Toulouse
First XV regular Joined: 25 Oct 2014 Location: UK Status: Offline Points: 126 |
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[QUOTE=Big Eddie]In my mind all of this is hogwash. The Premiership is not investable as a business so on what basis could the Championship become investable.
Rich people with big egos and admittedly also a love for rugby pitched into professional rugby. Some of the smarter guys eventually found a way to stem the losses by either giving their 'business' away for a nominal £1 or admitting defeat and going to the wall. How many of the current 'investors' who are locked into their Premiership 'investment' would repeat the experience again? Most of them cannot pull out for fear of the social opprobrium they would face.....and they suffer continuous heavy annual losses with no real prospect of any recovery. Rugby Union isn't football it is a niche sport with the sword of Damocles hanging over it in the shape of the concussion issue. I think King Billy is bonkers if he believes professional rugby outside of the international sphere is 'investable' ......of course if you offer an investor a CVC type deal where they get a top slice return from the broadcast turnover without taking the cost risk associated with that broadcast revenue then they all would be in. However even King Billy wouldn't be daft enough to offer that kind of deal .............or would he? As an addendum I would add that in my experience when a business sector is properly established (normally after say 5 or 6 years an perhaps up to 10 years........ Professional rugby in England has being going for 20 years) and the whole sector is still making pretty horrendous losses then what it says is that the sector isn't about winners and losers....it is all losing and it is un-investable! After 20 years what is going to change the financial fortunes of professional rugby.....nothing as far as I can see. Professional rugby is not investable. Absolutely spot on....I hope King Bill reads your post!!!
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FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5239 |
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As I lie in bed pondering the meaning of life, I had a lightbulb moment (more like a spluttering candle). On what basis were the RFU allowed to sign away the rights to 6 Nations income to CVC? Was it within the authority of the Board? Was it a decision of such profound change as to be outside the scope of their authority? (ultra vires??) Were all clubs notified of the decision and it's impact - before or after the fact? At what level (downward) was the decision taken? Were Premiership clubs the only RFU members who participated in and benefited from the deal? If outside the scope of the Board's powers, could Premiership clubs afford to repay the debt / income (I believe the clubs have shown the money in their accounts differently) as either P&L income or Balance Sheet loans) Monday morning musings. Edited by FHLH - 29 Jan 2024 at 12:43 |
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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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Camquin
World Cup Winner Joined: 01 Jun 2007 Location: Cambridge Status: Online Points: 11121 |
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Unfortunately, I do not believe they are acting ultra vires. Rule 4.2 gives the Union the power to raise or borrow money "as the board thinks fit". Of course, the board is meant to be financially competent. |
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Sweeney Delenda Est
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Big Eddie
World Cup Winner Joined: 19 Jun 2007 Status: Offline Points: 5026 |
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If the RFU was a PLC or even a private limited company it would need 75% of its shareholders to vote for an action as profound as selling off what is in effect a 14% top slice of the broadcast revenues from the Six Nations.
I agree with Camquin the non elected Board of the RFU has the power to pretty much do whatever it wants to in regard to raising money..............
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''The future isn't what it used to be''
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Robb
World Cup Winner Joined: 24 Jan 2017 Location: South East Status: Offline Points: 1480 |
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Redingensians Irish Rams?
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FHLH
World Cup Winner Cambridge Joined: 19 Apr 2009 Location: Cambridge Status: Offline Points: 5239 |
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So to lose money is sheer incompetence, which I know we have done before. I'm still not convinced of CVC being out with Ultra Vires, I'll have to look up Ashbury Railway Carriage (1875): "It was held that by entering into the transaction the company was in breach of its constitution, for it had no ‘competence’ or ‘power’ to make the contract and therefore, the transaction had no legal effect." However, the Companies Act 2006 has diminished this restriction so over to the legal eagles
Edited by FHLH - 29 Jan 2024 at 20:55 |
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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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