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WWW.RLFANS.COM • View topic - Shares for sale in Trinity?
Re: Shares for sale in Trinity? : Mon Dec 05, 2022 4:25 pm  
Even if Wigan were £100 Million in debt, they would still get a "Grade A licence", ditto Saints, Wire, and Leeds :roll: :roll:
Re: Shares for sale in Trinity? : Mon Dec 05, 2022 7:34 pm  
FIL wrote:
Even if Wigan were £100 Million in debt, they would still get a "Grade A licence", ditto Saints, Wire, and Leeds :roll: :roll:



It’ll certainly make it more interesting when they award the grades. Im not aware of any case that can be made to just ignore that level of bad financial management & if they were to be awarded an A then it puts in plain sight what fans from clubs like ours have said for decades - happy to be enlightened though.
Re: Shares for sale in Trinity? : Mon Dec 05, 2022 8:15 pm  
steadygetyerboots-on wrote:
It’ll certainly make it more interesting when they award the grades. Im not aware of any case that can be made to just ignore that level of bad financial management & if they were to be awarded an A then it puts in plain sight what fans from clubs like ours have said for decades - happy to be enlightened though.


You need to see the whole balance sheet to know whether its actually an issue.
We all have debts.
Re: Shares for sale in Trinity? : Tue Dec 06, 2022 4:20 pm  
Full details here....for the insomniacs amongst us....

https://find-and-update.company-informa ... ng-history
Full details here....for the insomniacs amongst us....

https://find-and-update.company-informa ... ng-history
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 8:05 am  
That doesn't look great but effectively they are being propped up by £6 million in loan's from Lenegan who isn't calling in his debt.


They also have debtors of over £1 million. I can't think who would owe them that much, unless it's just timing differences on TV money.
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 8:06 am  
Do you have the link to pur accounts Fil?
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 8:10 am  
Don’t we owe the council 3 million for the purchase of the ground
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 10:21 am  
PopTart wrote:
Do you have the link to pur accounts Fil?


If you look up Spirit of 1873 Ltd you will find the accounts to November 2021.
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 12:23 pm  
I don't think ours look bad at all compared to Wigan.
MC has worked wonders there.
Re: Shares for sale in Trinity? : Wed Dec 07, 2022 12:28 pm  
Debt in itself is not an issue, the problems start when you are unable to service that debt. If it's mainly directors loans unless Leneghan has a massive about turn and decides he's had enough of Wigan and wants hiss brass back , then Wigan don't have a problem. Probably the same at Huddersfield and St's and one or two other clubs.
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