mightymouse wrote: ↑Wed Nov 08, 2023 7:58 am
We made a loss last year didn’t we?
Raising the salary cap other than by inflation is an error in my view.
Yes Sarries and Bath have wealthy benefactors that will spend up to and beyond cap but others including Tigers are still in a financially precarious position.
The league has lost 3 clubs in a year (admittedly some through gross financial mismanagement), I’m not sure how many more could go without it (the league) being a joke in terms of a competition?
Tigers were bailed out by two very generous, well meaning men but I don’t think their intention is to pour money down a drain of players who are already paid more than the interest in the sport warrants.
Peter Tom for example got 29 million for Bardon Quarries .. that makes him a wealthy man but he’s not a billionaire as I understand it, so the pot is not bottomless.
Tom Scott wants to see financial prudence in return for his investment, Which is why there has been so many changes since his involvement.. he is isn’t likely to throw good money after bad.
Trying to out compete the French on wages is not healthy in the long term for English rugby!
Very well put. Spot on.
No one said we should be trying to match French wages, I certainly didn't. Think we're just saying we should be in a better position than some other clubs financially because we paid off our debts and then got some RFU money for SB.
Making a loss might not be unintentional for some clubs.
Not enough to be catastrophic but enough to negate the need to pay more tax than necessary.
Examples being loans rather than sponsorship payments. If there is no requirement or obligation to pay back the loan (unlike the Wasps bond issue) may be more tax efficient for the team as well as the sponsor.
mol2 wrote: ↑Wed Nov 08, 2023 9:55 am
Making a loss might not be unintentional for some clubs.
Not enough to be catastrophic but enough to negate the need to pay more tax than necessary.
Examples being loans rather than sponsorship payments. If there is no requirement or obligation to pay back the loan (unlike the Wasps bond issue) may be more tax efficient for the team as well as the sponsor.
How did that work out for London Irish though? If Crossan had been putting it in as sponsorship or as equity purchases (like our owners have done) they would have had a lot of equity on their balance sheet & likely been able to borrow to tide them over once his Powerday company ran too close to the bone & had to withdraw.
My wife and have have been to the Yorkshire Wildlife Park today with our Grandson. We were intrigued to see they have a Black Rhino called Jasper. We had a Deja Vu feeling as if we had seen him before
Reading the article on the BBC website today Wiese seems to avoid the question so maybe he is leaving or alternatively he could be waiting for Tigers to announce him signing a new contract
ay2oh wrote: ↑Fri Nov 10, 2023 9:59 am
Reading the article on the BBC website today Wiese seems to avoid the question so maybe he is leaving or alternatively he could be waiting for Tigers to announce him signing a new contract
ay2oh wrote: ↑Fri Nov 10, 2023 9:59 am
Reading the article on the BBC website today Wiese seems to avoid the question so maybe he is leaving or alternatively he could be waiting for Tigers to announce him signing a new contract
Totally agree with @RagingBull on trying to over-analyse the words of a guy who responds to questions on his future by saying, "I've never been important enough to be asked... I'd like to keep it that way."
Having said that... the 'for now' in his "For now, I'm here," makes my heart ache.
