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Premiership II plans announced
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JZSmith View Drop Down
British and Irish Lion
British and Irish Lion


Joined: 27 Aug 2024
Location: England
Status: Offline
Points: 240 		Post Options Post Options   Thanks (0) Thanks(0)   Quote JZSmith Quote  Post ReplyReply Direct Link To This Post Posted: 06 Apr 2025 at 12:50
Originally posted by Se7en Se7en wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by Se7en Se7en wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by Halliford Halliford wrote:

Point of correction! Wuss have to clear all rugby creditors by the end of April. They have already paid £9m to DCMS re COVID loan and have to pay the balance of £6m plus HMRC by the end of 2025. 

That is a lot more than many companies pay under English Company Law which allows Directors to close down loss-making businesses, buy the assets at a knock-down price and start trading again straight away.

The difference is that rugby is supposed to be primarily a sport and not a vehicle for a failed businesses to have another go.

You are right that 'rugby' is supposed to be primarily a sport. However, by its very nature, 'professional rugby' is primarily a business.

Without rugby these businesses would not exist so I disagree. 

I don't believe that anyone is saying that professional rugby would exist 'without rugby', rather that the professional clubs are run primarily as businesses.

I'll stick with my original post. 
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Se7en View Drop Down
World Cup Winner
World Cup Winner


Joined: 18 Apr 2023
Location: Not given
Status: Offline
Points: 631 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Se7en Quote  Post ReplyReply Direct Link To This Post Posted: 06 Apr 2025 at 16:04
Originally posted by JZSmith JZSmith wrote:

Originally posted by Se7en Se7en wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by Se7en Se7en wrote:

Originally posted by JZSmith JZSmith wrote:

Originally posted by Halliford Halliford wrote:

Point of correction! Wuss have to clear all rugby creditors by the end of April. They have already paid £9m to DCMS re COVID loan and have to pay the balance of £6m plus HMRC by the end of 2025. 

That is a lot more than many companies pay under English Company Law which allows Directors to close down loss-making businesses, buy the assets at a knock-down price and start trading again straight away.

The difference is that rugby is supposed to be primarily a sport and not a vehicle for a failed businesses to have another go.

You are right that 'rugby' is supposed to be primarily a sport. However, by its very nature, 'professional rugby' is primarily a business.

Without rugby these businesses would not exist so I disagree. 

I don't believe that anyone is saying that professional rugby would exist 'without rugby', rather that the professional clubs are run primarily as businesses.

I'll stick with my original post. 

Confused
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No 7 View Drop Down
World Cup Winner
World Cup Winner
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Joined: 10 Oct 2011
Location: LONDON
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Points: 1937 		Post Options Post Options   Thanks (0) Thanks(0)   Quote No 7 Quote  Post ReplyReply Direct Link To This Post Posted: 06 Apr 2025 at 16:42
I can recall that the previous ' owners ' acquired assets at the stadium and surrounding area. One asset was the car parking. The whole thing stinks.
Ambition should be made of sterner stuff.
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