Scarlets-Ospreys Plan - Some facts |
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Offline Points: 50983 |
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Just underlining the dependency on benefactors really.
By the same token, Rob Davies could bankroll the O’s for a very long time...could... |
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ap sior
Veteran Joined: 08 May 2005 Location: Wales Status: Offline Points: 11414 |
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How long Wil ? I know that he received £10 million when the Swans sold to the Americans. |
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ladram
Rambler Joined: 08 April 2005 Location: United Kingdom Status: Offline Points: 26826 |
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nobby,you really are coming across as the kid in school who had matching socks,trousers without holes and the best sweets.
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aber-fan
Veteran Joined: 25 October 2004 Location: Wales Status: Offline Points: 18857 |
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In that case, I'm really baffled as to why they are in trouble - unless the losses as posted are the result of 'creative accounting', and don't reflect the reality? I'm not a businessman or a politician, so I'd be glad if anyone out there can make sense of this! (and a reminder: I hope the Os, and our derby matches, survive this mess).
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“You cannot reason a man out of what he never reasoned himself into.” (Jonathan Swift)
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Ffidel Bennett
Veteran Joined: 31 August 2014 Location: Caerdydd Status: Offline Points: 6306 |
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If the Ospreys accounting is creative then that's the only facet of their game that is. Perhaps, if they played their accountants at 9, 10 we might see an end to the boring and predictable drudgery that we have now become used to and their backs might get an occasional pass or two before the end of a match.
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KID A
Moderator Group Joined: 16 August 2004 Location: Cardiff Status: Offline Points: 27572 |
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It's not about fewer losses = more stability. It's about having rich people to cover those losses. Bristol rugby lose hundreds of thousands each year, but have a billionaire paying for those losses. If you don't have anybody paying to cover the losses then you're going to go out of business. |
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Offline Points: 50983 |
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It’s the only part of this last couple of weeks that troubles me now that our region remains intact as it’s original entity.
No doubt that the Ospreys leadership ( benefactors) have been like ducks on ice in recent weeks, the underlying narrative is they have lost either the desire or no longer have the finances to keep the Ospreys trading. The change of chairmanship to be Rob Davies has signalled a change of direction, whether that’s deep rooted and has longevity, only time will tell. However, and I don’t mean to compare the leaderships in this ( we are fortunate to have some stellar guys in the Scarlets leadership group) in theory we are just as vulnerable, as we depend/depended on benefactors to trade. I always feel uncomfortable when I read random commentary that implies we are somehow exempt from the same possible outcome as the O’s. We’ve come a very long way in 7 or 8 years, but I do recall a £1.7m injection from a new benefactor effectively keeping us solvent at the beginning of that cycle. To that end, the Scarlets have systematically followed what was agreed by all parties in terms of benchmarking our costs, neutralising benefactor investment, improving income streams etc. We are invested in the last step, which is to capture the extra slab of funding that comes available from the WRU when all regions do the same and/or reduce by 1. Smart from us as the end game we see is sustainability. Edited by Wil Chips - 10 March 2019 at 1:46am |
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aber-fan
Veteran Joined: 25 October 2004 Location: Wales Status: Offline Points: 18857 |
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Thanks for those comments - it makes the situation a bit easier to understand!
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“You cannot reason a man out of what he never reasoned himself into.” (Jonathan Swift)
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roddy
Senior Member Joined: 30 June 2010 Status: Offline Points: 557 |
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They beat us playing 10 man rugby 🙈 |
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Wasp
Veteran Joined: 29 April 2008 Location: Sunny Pembs Status: Offline Points: 17557 |
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What you say there is true up to a point Cen. There are more than whispers that the “extra slab of funding”, which was NOT dependent on losing a South Wales region, appeared to slip further into the distance as each step was completed. This is possibly why Reset has imploded. Some of the regions, including Os and CBL, lost faith that there was any quid pro quo for their own governance and financial reforms. It’s a little worrying to me, from what I have heard
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We're still still here, but I wish we were in an Anglo-Welsh
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Wil Chips
Rambler Joined: 23 August 2009 Location: Pembs Status: Offline Points: 50983 |
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Interesting insight, thanks.
Yes that would the mockers on things a bit. |
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GPR - Rochester
Veteran Joined: 01 December 2014 Location: Rhydcymerau Status: Offline Points: 18784 |
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Yes very interesting. This whole Project Reset started with me being quite optimistic that we, being seen as an ambitious, well run region, could expect to see our funding improved. I am afraid that recent events have totally destroyed that optimism and I am now reduced to feeling relieved that we are still alive to fight another day. None of us should consider any sort of triumphalism when it comes to the Ospreys. Every region is fighting for its future.
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scarletnut
Veteran Joined: 28 April 2009 Status: Offline Points: 14170 |
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Neil Fissler in the Rugby Paper reported this morning that Foxy is talking to Leicester who want him to replace Manu Tuilagi. Foxy is under contract so would require a transfer fee. Also reporting that Tom Price has signed for Exeter
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I still wake up late at night and think of what might have been when tim stimpson hit that jammy penalty1
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ladram
Rambler Joined: 08 April 2005 Location: United Kingdom Status: Offline Points: 26826 |
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henry_winkler
Veteran Dont believe a word...... Joined: 12 January 2007 Status: Offline Points: 2797 |
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Tom Price makes sense but Foxy does not. Fair play to go TO Leicester if you have given up on life but surely after his last stint away he knows what side his bread is buttered on, he'd be playing in between the six nations games. |
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ap sior
Veteran Joined: 08 May 2005 Location: Wales Status: Offline Points: 11414 |
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Foxy is 31 next month, so is towards the end of a glittering career. He should bear in mind that he'll be well looked after by us. Should he go, then there is the danger that he'll get flogged and have to play during shallow weeks in 6N. Tomos Francis and Young and Josh Adams have had to. Bearing in mind the serious nature of the injury that cost him almost the entirety of last season, he has to carefully consider where his best interests lie, and try and look beyond the pay cheque. |
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