Re: 10 Days to Save the Broncos! : Mon Nov 25, 2013 1:27 pm  

BroncOnIon wrote:

You don't need to imagine. Broncos financial return (London Rugby League Limited) up to end November 2012 published last week, signed off by D. Hughes on Nov. 12, show total liabilities just over £13m, of which £12,294,283 is down to subordinated loans from Hughes (£10,202,076) and Lenegan (£2,092,097). Lenegan's loan dates from the setting up of Harlequins RL. DH's increased from £7,707,275 during 2012, an increase just short of £2.5 m. Loss for 2012 is £2,289,975.

Financial results for 2013 are surely even worse given our dwindling attendances, so DH would have needed to pump in probably about another £3m. this year to keep the operation afloat. Little wonder that he's had enough.

Which begs the question what’s the point of administration? To clear the debts the major creditor looks likely to write off anyway? It just seems like a threat to get the RFL to agree to the dispensations allegedly wanted by Rae.

I’ve always though RFL should take an more active role in the London club (I’m not sure Wood et al would be of any use) or at least try and tempt Sky to take an interest in the club and at the very least use their promotional expertise to boost the attendances and awareness of London RL.

Re: 10 Days to Save the Broncos! : Mon Nov 25, 2013 1:28 pm  

Cowgirl Nostalgist wrote:

Gus should also be recognised.

I propose a urinal named in his honour.

The Angus James McKay Memorial Khazi - got a kind of a ring to it don't you think??

Re: 10 Days to Save the Broncos! : Mon Nov 25, 2013 4:23 pm  

Khlav Kalash wrote:

Which begs the question what’s the point of administration? To clear the debts the major creditor looks likely to write off anyway? It just seems like a threat to get the RFL to agree to the dispensations allegedly wanted by Rae.

I’ve always though RFL should take an more active role in the London club (I’m not sure Wood et al would be of any use) or at least try and tempt Sky to take an interest in the club and at the very least use their promotional expertise to boost the attendances and awareness of London RL.

The one outstanding debt we seem to have will be with the training/administration office facilities that we use, we have another season agreed, and it would be too far to travel if we move to The Hive, also we may have some outstanding money due to HMRC.

Agree with thoughts on The RFL, but it never seems to be more than words, not actions?

Hetherinton is raising his head again, always seems to need to have his opinion and express it, he said at the recent meeting we made a presentation and it seemed to be assured, so he is surprised at last week's events.

Re: 10 Days to Save the Broncos! : Mon Nov 25, 2013 4:46 pm  

I am praying this is just a scheme for Kleanthous to own 100% of the club and lose the club's obligations to Hughes, Lenagan, HMRC, Harlequins RU and everyone else, else we are done.

Re: 10 Days to Save the Broncos! : Mon Nov 25, 2013 6:01 pm  

markrammond wrote:

I am praying this is just a scheme for Kleanthous to own 100% of the club and lose the club's obligations to Hughes, Lenagan, HMRC, Harlequins RU and everyone else, else we are done.

To be sure he wont take us on with any debts. I just don't see how even with the dispensations we are seeking that without a competitive team we can generate enough income at the gate to cover our costs. And his motives are only to generate money to make his soccer clb more viable - not less. Cas own their own ground and have decent crowds but are still losing money?

Re: 10 Days to Save the Broncos! : Tue Nov 26, 2013 8:02 am  

Cowgirl Nostalgist wrote:

Gus should also be recognised.

I propose a urinal named in his honour.

In amongst all this doom and gloom, you've just made my day.

Re: 10 Days to Save the Broncos! : Tue Nov 26, 2013 8:52 am  

Someone tweeted this morning to RLWC2013 & SuperLeague why not put the Rugby League World Cup Team in London for two years to work with the club in Super League and look to having a re-match of the Big One Test with New Zealand at the end of time, to build the club and game in London.

Re: 10 Days to Save the Broncos! : Tue Nov 26, 2013 10:08 am  

Rob from Erith wrote:

The Angus James McKay Memorial Khazi - got a kind of a ring to it don't you think??

Back in the Victorian era and before, it was possible to buy chamber pots with a picture of your least favourite politician in it (at the time of the Napoleonic wars there was even one made with a bust of Napoleon in it!). You could tell the views of your host by who you were relieving yourself on. How about doing one with Gus in it as a fund raiser

Re: 10 Days to Save the Broncos! : Tue Nov 26, 2013 10:29 am  

The Chronicler of Chiswic wrote:

Back in the Victorian era and before, it was possible to buy chamber pots with a picture of your least favourite politician in it (at the time of the Napoleonic wars there was even one made with a bust of Napoleon in it!). You could tell the views of your host by who you were relieving yourself on. How about doing one with Gus in it as a fund raiser

If you know someone who's good with ceramics I reckon you might get a few takers on here!

Re: 10 Days to Save the Broncos! : Tue Nov 26, 2013 11:09 am  

Cowgirl Nostalgist wrote:

Gus should also be recognised.

I propose a urinal named in his honour.

Prefer a Thomas Crapper myself