Are Ealing a sustainable club?

Trailfinder wrote: I’m not 100% clear what ‘sustainable’ actually means in a rugby context. Would Ealing be able to sustain their current level of spending should Sir Mike no long be involved (for whatever reason)? Unless there was a replacement benefactor the answer is clearly no. But does that mean that Ealing could cut their cloth according, drop down a league, reduce squad size, perhaps follow a part semi-pro model? Clearly yes. Isn’t that how these things are supposed to work? The problem with Worcester and Wasps as I see it is that they were too proud (or arrogant) to even contemplate doing this.

Interesting point to me in that article is the difference in value between the price paid for the PShares to worcs/Wasps - £9.8 million and the price mentioned to buy one £20million. On what fecking planet is this anything other than price gouging of the most insensitive and inappropriate kind!

I think I know part of the reason for this by the way. If the accounts of P shareholder clubs did not have such ludicrous values their accounts would crumble! I also think this issue is related to long held desire to insulate PLR from the relegation dilemma as how can those values be justified when a poor season can take the club to the champion. These shares do not have anything like this REAL value, but instead are a divisive tool to inflate the accounts and discriminate against everyone else. In commercial terms having one seems to be ticket to lose £4+ million a season. The auditors of every club and DCMS should be challenging these valuations and exposing them as the sham they are!

Trailfinder wrote: The Blues wrote: [QUOTE=Trailfinder] The issue is… if there was a quick departure how many players are on 2 or 3 year contracts?  I gather that there is a transition funding plan for 2/3 years when the inevitable comes to pass. Therefore I’d like to think this has been considered.  Generally speaking though, I’d be extremely surprised if Ealing weren’t looking closely and learning from the London Welsh, Worcester and Wasps debacles.

WEvans wrote: gerg_861 wrote: Ealing not willing to take on pointless debt per article below. https://www.thetimes.co.uk/article/ealing-trailfinders-ready-to-sue-rfu-if-promotion-is-blocked-again-0sxq9xpw9 If they don't want to take on pointless debt then they aren't suitable for the Premiership!

WEvans wrote: gerg_861 wrote: Ealing not willing to take on pointless debt per article below. If they don't want to take on pointless debt then they aren't suitable for the Premiership!

This mordant schadenfreude made me cry