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Moderator | 36786 | No Team Selected |
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| Quote Mrs Barista="Mrs Barista"As Jake says, wonder how many other clubs have similar liabilities?'"
Just about every SL club is my understanding, although the degree varies considerably.
Quote Mrs Barista="Mrs Barista"Most clubs reference the image rights point as a potential liability in their accounts - anyone know whether there's been a decision on that one? Seem to think Leeds were a test case?'"
The Leeds case is still ongoing AFAIK.
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Player Coach | 2616 | No Team Selected |
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| Quote Kosh="Kosh"The Leeds case is still ongoing AFAIK.'"
Love to see them Ba$tards come a cropper. I hate them more than Rovers at the mo.  maybe not. But it's close call.
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Moderator | 36786 | No Team Selected |
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| Quote major black="major black"Love to see them Ba$tards come a cropper. I hate them more than Rovers at the mo.
maybe not. But it's close call.'"
The problem is that if Leeds lose this case it's going to cost every club in RL a fortune - in some cases it may be enough to put them out of business. So just this once I'd like to see them win. 
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Player Coach | 2616 | No Team Selected |
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| Quote Kosh="Kosh"The problem is that if Leeds lose this case it's going to cost every club in RL a fortune - in some cases it may be enough to put them out of business. So just this once I'd like to see them win.
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I see your point.
Now I know how that bloke felt in that film 127 hours, just before he had to amputate his own arm. 
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International Chairman | 12768 | No Team Selected |
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| A good deal By Adam Pearson by the look of it, his experience with the football side of it has helped. Football have been dealing with this for some time and seem to have reached "arrangement" with the Inland revenue. The cost of these debts was I understand reflected in the lower price paid by Mr Pearson to the outgoing board, so he has once again proved his business skills by saving a decent wedge.
I await to see what happens with the other clubs now as the inland revenue have a legal duty to maximise the amount of money they collect in taxes. The can and do excercise some degree of latitude as ti would we appear to have taken full advantage of .
Fair play Adam 
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International Board Member | 37503 | No Team Selected |
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| Quote Ian P="Ian P"A good deal By Adam Pearson by the look of it, his experience with the football side of it has helped. Football have been dealing with this for some time and seem to have reached "arrangement" with the Inland revenue. The cost of these debts was I understand reflected in the lower price paid by Mr Pearson to the outgoing board, so he has once again proved his business skills by saving a decent wedge.
I await to see what happens with the other clubs now as the inland revenue have a legal duty to maximise the amount of money they collect in taxes. The can and do excercise some degree of latitude as ti would we appear to have taken full advantage of .
Fair play Adam
'"
we have also set a precedent by which other clubs cannot wriggle out of it completey, be interesting to see how Wakey, Cas et al cope.
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Player Coach | 2919 | No Team Selected |
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| Its interesting to see if other clubs follow the example and get a deal whilst they can because if Leeds lose the case the Inland Revenue will be knocking on every clubs door for the full whack.
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| Quote Ian P="Ian P"the inland revenue have a legal duty to maximise the amount of money they collect in taxes. The can and do excercise some degree of latitude as ti would we appear to have taken full advantage of .
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Just change their names to Vodaphone Tigers/Warriors/Rhinos etc. they'll be fine
Failing that, they could always threaten to play their home games in Monaco - problem solved
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Player Coach | 30589 | No Team Selected |
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| Quote HRC99="HRC99"Normally, they are pretty much the same thing as any agreement would be conditional payment within an agreed (and normally short) time frame and if you fail to adhere to the terms of the agreement then you end up paying the full whack.'"
No they're not. If I agree to pay you a million quid back over 12 months and you accept then we've come to an agreement but I still owe you the money
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| Interesting that blunderside reported pearson has again mentioned "years of under investment" by the previous owners. I'd love to know how much they milked out of the club
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Club Coach | 5507 | No Team Selected |
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| Quote Standee="Standee"we have also set a precedent by which other clubs cannot wriggle out of it completey, be interesting to see how Wakey, Cas et al cope.'"
Wakey are the only superleague club that don't have any liabilities do to the administration earlier in the year (the same would have applied to the Crusaders). There was talk of a virtual league-wide mass adminstration call if Leeds lost their test case to stop most of SL going under. Be interesting how it pans out.
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| Quote Mrs Barista="Mrs Barista"Did they mean it was £2m reduced to £1m or £3m to £2m?
Considering the cap for the whole squad is £1.65m, =#0000FFthis must go back years and cover a long period of time. As Jake says, wonder how many other clubs have similar liabilities? Can't for a minute imagine we're the only club that's used this mechanism, but if any had this sort of liability it could tip them over the edge. Crikey.
Most clubs reference the image rights point as a potential liability in their accounts - anyone know whether there's been a decision on that one? Seem to think Leeds were a test case?'"
10 years according to the Pearson statement.
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