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Gallagher Premiership 2018-19

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    #31
    Originally posted by jagawayagain View Post

    Makes very sobering reading- the link within it to the RFU loss of £30m, and their £220m compensation to premiership rugby for access to players- shows what a crazy ponzi scheme the whole thing is. All the more ironic the £0.25m last two months payement to Richie before he, yes, became chairman of premiership rugby. Presumably not many of the 64 redundancies were quite as fortunate. It’s a tragedy for English rugby fans, and this revised bid will do little other than keep the bailiffs away.
    It could go, spectacularly, bang, especially if there is a significant economic downturn.

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      #32
      Originally posted by the plastic paddy View Post

      It could go, spectacularly, bang, especially if there is a significant economic downturn.
      Or exiting RWC at quarters.

      Comment


        #33
        "The 12 (clubs) would each receive an immediate cash injection of around £20m at a time when only Exeter are in profit.
        (the) money will not go into the pockets of players because the salary cap is pegged for the next two seasons but will be used to improve infrastructure and pay off debt.

        Bath are hoping to redevelop the Recreation Ground, Harlequins are planning a new stand and Leicester hope to start a £22m project next summer to build a hotel and a car park alongside their Welford Road stadium.

        While some owners have reservations about bringing in an external partner who will take out a significant chunk of the Premiership’s profit
        (sic) each year, others argue investment is needed if clubs are to achieve their goal of sustainability.

        This season Northampton posted another loss and earlier this month Wasps announced their pre-tax loss had more than doubled to £9.7m, with the club’s debt rising to £56m. The bottom line is that if every owner demanded the money owed to them be immediately repaid there would be no Premiership; the Rugby Football Union is in no position to help after losing £30m last year."


        It wouldn't surprise me if some of the owners just trousered the money, arguing that they had made losses of millions over the years.

        The deal appears to bring no structural change to enable the clubs to be more secure financially unless you count the fact that CVC will take a slice of any future profits the clubs make; and salary cap or no, hhe payers' agents will know there is money washing through the system and will expect a cut.
        Munster – Champions of Europe 2006, 2008, 2019.

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          #34
          Nowell out injured for up to 10 weeks, rules him out of the Exeter match in TP

          Comment


            #35
            Originally posted by lawrence View Post
            Nowell out injured for up to 10 weeks, rules him out of the Exeter match in TP
            Hard luck on Jack Noel, he's a player for a certain type of game but when it suits him he's electric.
            I am the million man.

            Comment


              #36
              Hopefully for everyone’s sake English rugby doesn’t ever get their head around the idea of the importance of rest.

              Comment


                #37
                Originally posted by rathbaner View Post
                "The 12 (clubs) would each receive an immediate cash injection of around £20m at a time when only Exeter are in profit.
                (the) money will not go into the pockets of players because the salary cap is pegged for the next two seasons but will be used to improve infrastructure and pay off debt.

                Bath are hoping to redevelop the Recreation Ground, Harlequins are planning a new stand and Leicester hope to start a £22m project next summer to build a hotel and a car park alongside their Welford Road stadium.

                While some owners have reservations about bringing in an external partner who will take out a significant chunk of the Premiership’s profit
                (sic) each year, others argue investment is needed if clubs are to achieve their goal of sustainability.

                This season Northampton posted another loss and earlier this month Wasps announced their pre-tax loss had more than doubled to £9.7m, with the club’s debt rising to £56m. The bottom line is that if every owner demanded the money owed to them be immediately repaid there would be no Premiership; the Rugby Football Union is in no position to help after losing £30m last year."


                It wouldn't surprise me if some of the owners just trousered the money, arguing that they had made losses of millions over the years.

                The deal appears to bring no structural change to enable the clubs to be more secure financially unless you count the fact that CVC will take a slice of any future profits the clubs make; and salary cap or no, hhe payers' agents will know there is money washing through the system and will expect a cut.
                Well that idea lasted a whole 24 hours: https://www.theguardian.com/sport/20...ve-kieran-read

                200mGBP of gazzumping later English rugby will look like the post Celtic Tiger housing market.

                Comment


                  #38
                  The GP clubs have got themselves into a big hole and seem to be trying to dig up. And if they’re not careful about the terms of the deal that £200m could be worth a whole lot less by the middle of next year thanks to Brexit.

                  Jaysus, between the Tories, the RFU and these lads there’s an awful lot of own-foot-shooting going on in the UK these days.

                  Comment


                    #39
                    Originally posted by Munsterboy View Post
                    The GP clubs have got themselves into a big hole and seem to be trying to dig up. And if they’re not careful about the terms of the deal that £200m could be worth a whole lot less by the middle of next year thanks to Brexit.

                    Jaysus, between the Tories, the RFU and these lads there’s an awful lot of own-foot-shooting going on in the UK these days.
                    I’m not sure the list is quite as short as that- but it’s a potentially disastrous deal- not for the money men, so much as the wider rugby family. Could make for interesting chats with Cherries fans after we’ve done the job on the pitch.

                    Comment


                      #40
                      https://www.theguardian.com/sport/20...e_iOSApp_Other

                      things are not looking quite so rosy at the Salaries now Johan Rupert has said enough is enough...

                      Comment


                        #41
                        From the article ....
                        “It would be an unbelievable shame if we had to lose players we have grown ourselves,” he said last year. “My view is that if you genuinely bring a player through your academy system then there should be a limit on what he costs you in the salary cap. To be penalised for having all these academy players who are only asking for their market value and not to be able to afford them doesn’t seem right.”
                        ...presumably he not saying that home grown players should be paid less, just that whatever you pay them it should count less against your salary cap-
                        so you can spend more of your non existent money on players other clubs have developed?? Fantasy league isn’t in it.

                        Comment


                          #42
                          Originally posted by jagawayagain View Post
                          From the article ....
                          “It would be an unbelievable shame if we had to lose players we have grown ourselves,” he said last year. “My view is that if you genuinely bring a player through your academy system then there should be a limit on what he costs you in the salary cap. To be penalised for having all these academy players who are only asking for their market value and not to be able to afford them doesn’t seem right.”
                          ...presumably he not saying that home grown players should be paid less, just that whatever you pay them it should count less against your salary cap-
                          so you can spend more of your non existent money on players other clubs have developed?? Fantasy league isn’t in it.
                          And when did the RFU and it’s schools stop developing players and the PRL clubs take over? Anyway, nice to see that money is getting tight at the Salaries....

                          Comment


                            #43
                            He has a point though, if you invest a lot in an academy structure and develop players which in itself leads to a higher costs of failures it can be counter productive in the long run as those players succeed and you are essentially breeding players for the opposition.

                            The smart thing for the RFU to do would be allowing clubs who invest certain larger amounts in their academy to have allowance in their salary cap, and encourage development, but they don’t see things like that.

                            The same problem exists here, just money is not the key factor, Leinster are developing / producing more talent than they can use, and deciding who goes and who stays is a tough choice.

                            Comment


                              #44
                              He does, sort of, but as in the Leinster case, developing more means you have the choice of who to keep or allow to move on- while these are tough decisions, you do have the power to decide. It’s also the case that players really having to push themselves in order to be kept on will progress more- again- there’s an advantage there of having lots of competition for development contracts. I’d also be interested in hearing what local clubs think about Sarries committment to developing the talent pool. It might just be clubs don’t just want to be ‘feeders’.

                              Comment


                                #45
                                McCall is correct here...

                                Since then Itoje has helped Saracens win back-to-back European Cups, three Premiership titles and helped England claim two Six Nations titles. Saracens’ director of rugby, Mark McCall, has long felt clubs who produce players who subsequently develop into top internationals should be granted special dispensation under the salary cap.

                                “It would be an unbelievable shame if we had to lose players we have grown ourselves,” he said last year. “My view is that if you genuinely bring a player through your academy system then there should be a limit on what he costs you in the salary cap. To be penalised for having all these academy players who are only asking for their market value and not to be able to afford them doesn’t seem right.”

                                He was as lame as a duck. Not the metaphorical lame duck either, but a real duck that was actually lame. Maybe from stepping on a land mine or something.

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