Even Numbers to 22
Printed From: National League Rugby Discussion Forum
Category: League Rugby - www.leaguerugby.co.uk
Forum Name: The Championship
Forum Description: Discuss the 12 clubs forming the English Championship.
URL: http://www.leaguerugby.co.uk/forum_posts.asp?TID=19833
Printed Date: 13 Nov 2024 at 17:22
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Topic: Even Numbers to 22
Posted By: The Blues
Subject: Even Numbers to 22
Date Posted: 26 May 2023 at 22:13
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Irish being suspended? https://www.dailymail.co.uk/sport/rugbyunion/article-12129371/London-Irish-players-told-prepare-clubs-suspension-Premiership-week.html" rel="nofollow - https://www.dailymail.co.uk/sport/rugbyunion/article-12129371/London-Irish-players-told-prepare-clubs-suspension-Premiership-week.html
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Replies:
Posted By: The Blues
Date Posted: 26 May 2023 at 22:18
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Wasps borrowed Stadium Irish borrowed Stadium Perhaps the Premiership and RFU may realise that the MSC and a borrowed stadium could be a problem?
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Posted By: gerg_861
Date Posted: 26 May 2023 at 22:21
| Well, this isn't how I wanted to move up the pyramid... |
Posted By: The Blues
Date Posted: 26 May 2023 at 22:55
At this rate the Championship will become the Premiership!
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gerg_861 wrote:Posted By: corporalcarrot
Date Posted: 27 May 2023 at 07:19
------------- Dont kick it. Pick it up and GO FORWARD. |
Posted By: Richard Lowther
Date Posted: 27 May 2023 at 19:09
I see some Irish supporters now seem to be against the P Share and ring fencing. I wonder why?  ------------- Moderator http://www.leaguerugby.co.uk" rel="nofollow - National League Rugby Message Boards Remember Wakefield RFC |
Posted By: Raider999
Date Posted: 28 May 2023 at 19:55
OK to pull the drawbridge when you are in the club but not so good if you are outside it ------------- RAID ON |
Posted By: tigerburnie
Date Posted: 28 May 2023 at 20:20
| The old school ties are taking a beating aren't they, this could actually be of benefit if rugby organisers were brought kicking and squealing into the 21st centaury(did these Victorians ever really join the 20th I ask myself). |
Posted By: Kimbo
Date Posted: 29 May 2023 at 15:44
Ask the Member of Parliament for the nineteenth century - Jacob Rees-Mogg. ------------- Our Club |
Posted By: Camquin
Date Posted: 29 May 2023 at 23:43
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What worries me is that London Irish Amateurs could be wiped out by this. As I understand, the DCMS loans are secured on Hazelwood. ------------- Sweeney Delenda Est |
Posted By: Raider999
Date Posted: 30 May 2023 at 11:06
That would be worrying indeed ------------- RAID ON |
Posted By: Mark W-J
Date Posted: 30 May 2023 at 12:10
Does anyone know what Wasps and Worcester's loans were secured against?
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Posted By: Halliford
Date Posted: 30 May 2023 at 13:20
| sand |
Posted By: Kimbo
Date Posted: 30 May 2023 at 13:23
About right. ------------- Our Club |
Posted By: islander
Date Posted: 30 May 2023 at 13:47
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Update from BBC man on Twitter just now: Chris Jones BBC @chjones9 · 8m Understand London Irish have been given a week's extension by the RFU to get the takeover done. This will be the last chance and is dependent on current ownership meeting Wednesday's payroll. |
Posted By: Member728
Date Posted: 30 May 2023 at 13:48
more like quicksand
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Posted By: Camquin
Date Posted: 30 May 2023 at 14:01
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To quote the administrators DCMS provided loans of £14.1m … whilst not having any direct security in respect of these loans, it did have subordination agreements in place with Canmango and Derek Richardson. Canmango being another company in the group. Both Canmango and Derek claimed o be secured creditors, but the administrators did not agree. Therefore, neither Canmango nor Derek got any money, and the subordination agreements were moot. As far as I can tell, DCMS were then an unsecured creditor, and so got nothing. We also know Christopher Holland paid £35k for the IP and £115k for some memorabilia. ------------- Sweeney Delenda Est |
Posted By: Camquin
Date Posted: 30 May 2023 at 14:11
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Worcester Warriors debts to the DCMS / England Sports Council were secured against the P-Shares. The administrator does not envisage that these will be repaid in full. Nor do they believe there will be enough to pay HMRC in full. As I understand it, no other creditors will be paid - except for the administrator's own fees. ------------- Sweeney Delenda Est |
Posted By: billesleyexile
Date Posted: 30 May 2023 at 14:37
IIRC the administrators get paid *first*, before HMRC or anyone else. Which makes sense I suppose, given they wouldn't have a business model themselves if they didn't get paid. ------------- keep the faith |
Posted By: Camquin
Date Posted: 30 May 2023 at 14:39
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BBC is reporting that if Mick puts his hand in his pocket again and pays the players tomorrow, then Irish can have another week for the cheque to arrive. ------------- Sweeney Delenda Est |
Posted By: knightandday
Date Posted: 30 May 2023 at 15:13
Or bounce ------------- Winning isn't everything, it just makes the beer taste better |
Posted By: Raider999
Date Posted: 30 May 2023 at 15:15
It's probably in the post  ------------- RAID ON |
Posted By: islander
Date Posted: 31 May 2023 at 08:57
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Optimism levels re: Irish dropped again last night according to Times correspondent. Wonder what today will bring. Alex Lowe @AlexMLowe London Irish last night backtracked on a commitment to pay salaries in full, which was an RFU condition for extending the takeover deadline. The RFU must decide today whether to still grant more time with only 50% pay guaranteed or suspend London Irish. |
Posted By: tigerburnie
Date Posted: 31 May 2023 at 10:35
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This really does have the smell of the buyers trying to finish off LI then try to buy any assets they might have, worrying all round. I have a new motto for the RFU "We used to be indecisive, but we're not sure now"
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Posted By: Raider999
Date Posted: 31 May 2023 at 14:45
Surely Crossan needs to pay 100% of wages today or he won't have a club to sell ------------- RAID ON |
Posted By: tulip
Date Posted: 31 May 2023 at 17:15
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I thought he was giving it away for zilch. Nothing to sell. He obviously doesn’t want to pay out another 1/2 million because he doesn’t trust the buyers
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Posted By: billesleyexile
Date Posted: 31 May 2023 at 17:42
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apparently the 50% has been paid. so it's now down to whether the RFU blinks I suppose. ------------- keep the faith |
Posted By: Camquin
Date Posted: 31 May 2023 at 17:54
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I believe he may have been willing to sell for £1, but only if the buyer took on all the responsibilities, so the debt to HMRC and those owed to the former director. Now, I suspect there has been a lot o discussion as to how much of the latter they do take on. ------------- Sweeney Delenda Est |
Posted By: The Blues
Date Posted: 02 Jun 2023 at 23:25
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HMRC winding up order https://www.thetimes.co.uk/article/london-irish-served-winding-up-petition-over-unpaid-tax-bill-l90wn3wmp" rel="nofollow - https://www.thetimes.co.uk/article/london-irish-served-winding-up-petition-over-unpaid-tax-bill-l90wn3wmp
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Posted By: Camquin
Date Posted: 03 Jun 2023 at 08:22
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Petition not order. They have petitioned the courts to start the proceedings. The order comes at the end. ------------- Sweeney Delenda Est |
Posted By: Brizzer
Date Posted: 03 Jun 2023 at 09:08
So how long will that give them then Camquin? Before the order is served that is and their day in court? ------------- Tackle Low!!!!! |
Posted By: Camquin
Date Posted: 03 Jun 2023 at 09:55
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About three weeks. The bank might freeze their accounts on Monday. And I am not sure that you can sell a business if the court has accepted the petition. But at this point, I think they can pay the debt and stop the process. This is not financial advice ------------- Sweeney Delenda Est |
Posted By: castleparknight
Date Posted: 03 Jun 2023 at 11:55
Great caveat Camquin  ------------- Onward and Upwards C'mon Donny! |