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Does anyone know if they have actually removed the P Share from Warriors?
Quote from: baldpaul101 on October 13, 2022, 09:55:52 AMDoes anyone know if they have actually removed the P Share from Warriors?Not yet. However they valued it at £9.8m to allow the taxman to be paid off if more funds are needed (and they appear to be needed)
Quote from: Neils on October 13, 2022, 10:07:49 AMQuote from: baldpaul101 on October 13, 2022, 09:55:52 AMDoes anyone know if they have actually removed the P Share from Warriors?Not yet. However they valued it at £9.8m to allow the taxman to be paid off if more funds are needed (and they appear to be needed)They might be valued at £9.8m but they only worth what someone will pay for them and you’ve got to wonder who’ll pay that money? PRL to get them back? The other clubs jointly and severally to increase the book value of theirs and to ensure nobody else joins the cosy club?That’s probably why there’s been no rumours about the PRL “taking them back”.
Quote from: Bloke in North Dorset on October 13, 2022, 10:22:43 AMQuote from: Neils on October 13, 2022, 10:07:49 AMQuote from: baldpaul101 on October 13, 2022, 09:55:52 AMDoes anyone know if they have actually removed the P Share from Warriors?Not yet. However they valued it at £9.8m to allow the taxman to be paid off if more funds are needed (and they appear to be needed)They might be valued at £9.8m but they only worth what someone will pay for them and you’ve got to wonder who’ll pay that money? PRL to get them back? The other clubs jointly and severally to increase the book value of theirs and to ensure nobody else joins the cosy club?That’s probably why there’s been no rumours about the PRL “taking them back”.It was said the joint clubs, thus PRL, would purchase them. This to keep an enclosed product.
I think another couple of clubs going to the wall would suit Baxter and co perfectly if they want a reduced league. I bet they can’t wait to take our P share away and ringfence their new clique. I fear their self interest is at the expense of the wider game in England. I wonder if they’ve considered reduced TV revenues and a niche sport where internationals at Twickenham become corporate jamborees with no atmosphere. The French Top 14 doesn’t seem to suffer as a result of club numbers and such elitism. If we found a buyer and got ourselves on a proper footing I wonder what would happen if we managed to join the Celtic competition, maybe with the likes of Worcester and others. That would put the cat amongst the pigeons…
Rifleman Harris,The £350k loss was of match-day revenue, not an overall loss. They'd save on avoiding match-day operating costs, which would be substantial.
For what my opinion is worth, it's easy for Baxter to make such comments when your club is sitting cosy financially because owner and sponsor are one and the same.
Quote from: jamestaylor002 on October 13, 2022, 10:57:30 AMFor what my opinion is worth, it's easy for Baxter to make such comments when your club is sitting cosy financially because owner and sponsor are one and the same.It would be interesting to hear his comments if Exeter were in trouble