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Are Ealing a sustainable club?
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Marlovian View Drop Down
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Points: 6 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Marlovian Quote  Post ReplyReply Direct Link To This Post Posted: 11 Jan 2025 at 14:18
Ealing Trailfinders Elite Pathway U18s are playing Stade Francais U18s tonight at the Stade Jean-Bouin. KO is immediately after the Stade Francais/Northampton Saints Champions Cup game.
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No 7 View Drop Down
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Points: 1916 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2025 at 09:18
A big day at Ealing yesterday with a double header. Our womens Premiership team beat Bristol Bears in a thrilling game . The win against Cornish Pirates was less thrilling with a depleted  Pirates team who fought hard to get the four try bonus point. Ealing did produce some outstanding scores. Montgomery and Toby Wilson both had exceptional games.
The real win was the crowd  of 2,700 but it seemed larger to me . A good day for the club all round.

We now have the Cup games , next week Saracens away and the following week Harleqins at home.


Edited by No 7 - 26 Jan 2025 at 09:22
Ambition should be made of sterner stuff.
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Great crowd No. 7!

I was asked by a couple of friends last night what the end goal is for Trailfinders - a question I couldn’t answer, so hopefully you or any other fans can!

If you take out the Premiership sides who dropped down in the relegation days and Jersey (who went pop four months later), Trailfinders are set to win the Championship for a 10th year on the spin!! They arguably have a 3rd XV which could win it this season.

How strong is the feeling among the fan base you should be a Premiership team and does your owner truly want you to go up to the top tier? 

It seems a shame for such a dominant side to be stuck in limbo and as you say, results like yesterday again do nothing for anyone.


Edited by NationalLeagueBadger - 26 Jan 2025 at 10:14
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gerg_861 View Drop Down
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Originally posted by NationalLeagueBadger NationalLeagueBadger wrote:

Great crowd No. 7!

I was asked by a couple of friends last night what the end goal is for Trailfinders - a question I couldn’t answer, so hopefully you or any other fans can!

If you take out the Premiership sides who dropped down in the relegation days and Jersey (who went pop four months later), Trailfinders are set to win the Championship for a 10th year on the spin!! They arguably have a 3rd XV which could win it this season.

How strong is the feeling among the fan base you should be a Premiership team and does your owner truly want you to go up to the top tier? 

It seems a shame for such a dominant side to be stuck in limbo and as you say, results like yesterday again do nothing for anyone.

Feom discussion at the ground and whatsapp groups, I would say that the feeling is very strong amongst Ealing fans that we should be in the Prem. We have finished top of the table 3 times in four years, and consistently win 80%+ of our matches. If we finish bottom in the prem, then relegate us, but battering teams with 80 or 90 points on a regular basis is not great for anyone.
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Stalwart* View Drop Down
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Interesting discussion about where Ealing are actually going. Winning almost every week is nice, but surely it's time for them to take the next step.
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workerbee View Drop Down
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Points: 929 		Post Options Post Options   Thanks (0) Thanks(0)   Quote workerbee Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2025 at 17:40
 problem is they cannot without a plan to make the ground fit even the new criteria which still includes planning permission in place to make the stadium up to 10k in four years. Of course they will need to show that they can generate that sort of crowds in recent fixtures the crowd has been shown as 700.
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No 7 View Drop Down
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Points: 1916 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2025 at 17:50
I do not believe criteria requires that you have to fill the seats they just require you to have the (empty ) seats. 
Ambition should be made of sterner stuff.
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The Blues View Drop Down
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Points: 5031 		Post Options Post Options   Thanks (0) Thanks(0)   Quote The Blues Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2025 at 19:37
Originally posted by JZSmith JZSmith wrote:

Originally posted by The Blues The Blues wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by The Blues The Blues wrote:

I have just said what was detailed in the accounts signed by the Directors and Auditor. I don’t understand why there is so much nervousness when Ealing is mentioned. Blues are negative £250k, Pirates looks like it is a big number at £7.4m in 2023. It all shows the amount of money some people put in and are happy to lose for our entertainment!

I have not declared their club insolvent. It’s all in the accounts so only commenting on what is filed. As liabilities are greater than assets by approx £26k (not much really when considering their turnover) at the balance sheet date, a going concern note was made.

The directors have made a statement that the shareholders are committed to provide on going support to allow the company to meet its liabilities as they fall due for a period of no less than 12 months from the date the accounts were signed.

Your initial post says "Ealing are now insolvent"

I even gave you a reference as to what insolvent means but you chose to ignore it and continue to claim you didn't say something which you quite clearly did.

But if you want to keep digging that hole for yourself feel free!

Please read the red from your link and then look at the accounts and tell me how the liabilities are not greater than assets.

I will help you, net assets are £315,501 and net liabilities are £658,536 = net liabilities of £343,035.  This warrants a going concern note.

Overall the balance sheet is negative by £26,292.  Suggesting that if everything was converted to cash it would not have sufficient funds to pay its debts.  This means from the numbers it needs additional support, which the shareholders have given, as from the face of it, it can't pay its debts at the balance sheet date.

Not expecting an apology!

A company is insolvent when it can’t pay its debts. This could mean either:

  • it can’t pay bills when they become due
  • it has more liabilities than assets on its balance sheet

Oh dear that hole is getting even bigger. How do you know the directors can't pay the bills? Neither of us know that and the balance sheet doesn't answer the question.

If you had said Ealing were balance sheet insolvent then you would have been correct but you didn't. And of course being balance sheet insolvent means nothing. You are only insolvent when you can't pay your bills.

Not expecting an apology!

(If you hurry you might be able to get a new shovel in the New Year sales. The one you are using must be almost worn out with all the digging you are doing!)

I wasn't going to bother to engage further on this, but I will try one more time to educate you.

As at that date 30/06/24 (I referred to that date) the company could not pay its debts without the support of the shareholders = insolvent. A  statement made by the Directors and agreed by the Auditors. You have even said yourself they were insolvent. I therefore don't understand why you are trying to argue now with yourself now.

If you had liabilities of £10k and only assets of £5k, with a loss making business how can you do it without some kind of support? 

I also don't know why you care so much either, as I said it was small compared to most other clubs and was probably an oversight which may be sorted with some more millions pumped in this year by a charity and Trailfinders Limited.


Edited by The Blues - 26 Jan 2025 at 19:48
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The Blues View Drop Down
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Originally posted by Stalwart* Stalwart* wrote:

Interesting discussion about where Ealing are actually going. Winning almost every week is nice, but surely it's time for them to take the next step.

I don't get it either as they could still do what they are doing with a squad of 35 rather than 60+ players. It is just throwing money away, although I am sure the players are happy to receive the money.
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No 7 View Drop Down
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Points: 1916 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2025 at 20:16
Did Sir Mike Gooley need to build  a 3-8 million pound indoor training facility.
The same could be said for the Premiership Women's team and the support of a Amateur team, paying a dedicated team to introduce Rugby to schools. I could go on but every club needs sponsors .
Ambition should be made of sterner stuff.
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JZSmith View Drop Down
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Points: 135 		Post Options Post Options   Thanks (0) Thanks(0)   Quote JZSmith Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jan 2025 at 11:45
Originally posted by The Blues The Blues wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by The Blues The Blues wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by The Blues The Blues wrote:

I have just said what was detailed in the accounts signed by the Directors and Auditor. I don’t understand why there is so much nervousness when Ealing is mentioned. Blues are negative £250k, Pirates looks like it is a big number at £7.4m in 2023. It all shows the amount of money some people put in and are happy to lose for our entertainment!

I have not declared their club insolvent. It’s all in the accounts so only commenting on what is filed. As liabilities are greater than assets by approx £26k (not much really when considering their turnover) at the balance sheet date, a going concern note was made.

The directors have made a statement that the shareholders are committed to provide on going support to allow the company to meet its liabilities as they fall due for a period of no less than 12 months from the date the accounts were signed.

Your initial post says "Ealing are now insolvent"

I even gave you a reference as to what insolvent means but you chose to ignore it and continue to claim you didn't say something which you quite clearly did.

But if you want to keep digging that hole for yourself feel free!

Please read the red from your link and then look at the accounts and tell me how the liabilities are not greater than assets.

I will help you, net assets are £315,501 and net liabilities are £658,536 = net liabilities of £343,035.  This warrants a going concern note.

Overall the balance sheet is negative by £26,292.  Suggesting that if everything was converted to cash it would not have sufficient funds to pay its debts.  This means from the numbers it needs additional support, which the shareholders have given, as from the face of it, it can't pay its debts at the balance sheet date.

Not expecting an apology!

A company is insolvent when it can’t pay its debts. This could mean either:

  • it can’t pay bills when they become due
  • it has more liabilities than assets on its balance sheet

Oh dear that hole is getting even bigger. How do you know the directors can't pay the bills? Neither of us know that and the balance sheet doesn't answer the question.

If you had said Ealing were balance sheet insolvent then you would have been correct but you didn't. And of course being balance sheet insolvent means nothing. You are only insolvent when you can't pay your bills.

Not expecting an apology!

(If you hurry you might be able to get a new shovel in the New Year sales. The one you are using must be almost worn out with all the digging you are doing!)

I wasn't going to bother to engage further on this, but I will try one more time to educate you.

As at that date 30/06/24 (I referred to that date) the company could not pay its debts without the support of the shareholders = insolvent. A  statement made by the Directors and agreed by the Auditors. You have even said yourself they were insolvent. I therefore don't understand why you are trying to argue now with yourself now.

If you had liabilities of £10k and only assets of £5k, with a loss making business how can you do it without some kind of support? 

I also don't know why you care so much either, as I said it was small compared to most other clubs and was probably an oversight which may be sorted with some more millions pumped in this year by a charity and Trailfinders Limited.

I think you are too late to replace that worn out shovel in the New Year sales so I suppose you will have to pay full price for a new one to continue digging the hole you have made for yourself with your initial post. (Unless you are insolvent of course).

However I will try one more time to educate you. If a business is insolvent it cannot continue to trade except in special circumstances such as with a CVA or if in administration etc. As far as I know Ealing are not operating under any special circumstances. I also do not believe Ealing are trading illegally. 

So I would suggest you learn the difference between insolvency and balance sheet insolvency. Or you could just go get a new shovel and continue digging.

I suspect I know the option you will chose!
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