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Carnegie
Posted by: Duckham walked on water (IP Logged)
Date: 13 May, 2019 08:43

A very sad state of affairs unfolding on their Tykes Rugby Board: It is a litany of players signing forms elsewhere, meaning they may struggle to start next season. Chaps from the RFU are going up for a pow-wow, but unless more cash is found, things look bleak. Very tough for the players, who have to protect their livelihoods, and their loyal fans who may not have a team to watch next term.
Good luck to them all.

Re: Carnegie
Posted by: covkid53 (IP Logged)
Date: 13 May, 2019 10:24

You are absolutely right, while on the one hand we have premiership feeder clubs with crowds of 2 men and a dog in the division, we have clubs struggling to pay wages. Without sponsorship and a decent setup with additional "revenue streams", it's hard for any team outside the premiership to survive. Our own struggles in the past prove that.

Premiership cash doesn't even cover their own costs let alone trickle down. Rugby finances are in a mess. To me, the French model seems to work better.

Re: Carnegie
Posted by: AdminBTCov (IP Logged)
Date: 13 May, 2019 10:42

The French model is awash with media cash though, at both 'pro' levels.
Can you see BT or whoever doing that here?

Re: Carnegie
Posted by: abdabs (IP Logged)
Date: 13 May, 2019 13:33

It is a real shame for the club and supporters that follow them. Unfortunately they fell fowl of relying on the backing of one man and overstretched themselves both on and off the pitch... £400 thousand a season to play at the stadium was crazy in itself. TRP have heard rumours that there will be no relegation from the championship to allow 13 clubs to the premiership so that could buy them another season if they can get a squad together?

Re: Carnegie
Posted by: Duckham walked on water (IP Logged)
Date: 13 May, 2019 17:40

Depends on how RFU Suits view it - they could chuck them some penalty points (2018/19 season not yet over) and Richmond may get a recall.

Re: Carnegie
Posted by: almostatyke (IP Logged)
Date: 17 May, 2019 20:43

Quote:
abdabs
It is a real shame for the club and supporters that follow them. Unfortunately they fell fowl of relying on the backing of one man and overstretched themselves both on and off the pitch... £400 thousand a season to play at the stadium was crazy in itself.

Sorry fake news. It was £150k last season, and that includes the training ground and office space and a part-share in Rhino's marketing and ticket-selling operations. If we survive it will be £100k next season which amounts to a £400k subsidy from Caddick, our old benefactor who owns Leeds Rhinos.
Also we did all we could to set up a "board" of benefactors, but the long and short of it is that nobody would invest in the pushing water uphill project of getting sustainable Premiership promotion.

Re: Carnegie
Posted by: Moosemagic (IP Logged)
Date: 18 May, 2019 12:16

Quote:
almostatyke
Quote:
abdabs
It is a real shame for the club and supporters that follow them. Unfortunately they fell fowl of relying on the backing of one man and overstretched themselves both on and off the pitch... £400 thousand a season to play at the stadium was crazy in itself.

Sorry fake news. It was £150k last season, and that includes the training ground and office space and a part-share in Rhino's marketing and ticket-selling operations. If we survive it will be £100k next season which amounts to a £400k subsidy from Caddick, our old benefactor who owns Leeds Rhinos.
Also we did all we could to set up a "board" of benefactors, but the long and short of it is that nobody
would invest in the pushing water uphill project of getting sustainable Premiership promotion.

Really feel for you guys, realistically what does next season hold, is it all part timers?



Phil Reynolds

Re: Carnegie
Posted by: almostatyke (IP Logged)
Date: 18 May, 2019 16:52

We currently have 8 overseas players contracted into next season. The club is hoping alternative employment for them can be found, that then releases most of the circa £600k rfu money for part-time players and a coach to be recruited for next season.

Effectively we have no players and no coaching staff at present and there is no guarantee that the above cunning plan will work. I am not aware of a Plan B.

Re: Carnegie
Posted by: OldNick (IP Logged)
Date: 12 June, 2019 16:02

‘Yorkshire’ Carnegie’s directors have today put out a statement proposing a CVA (Company Voluntary Agreement) to pay some of their creditors some of the money they are owed over an extended period of time, in order to continue playing in the Championship for 2019-20, and remaining at Headingley for home matches.

If 25% or more of creditors (by value) reject it, it cannot go ahead.

It is not clear, even if accepted, how they would recruit a team, or pay for the use of Headingley.

Re: Carnegie
Posted by: bigm/ mark harrison. (IP Logged)
Date: 16 June, 2019 10:20

The coming days could prove a massive problem for the league ,in actually being a team short if the debtors dont accept plans to partially pay off debts.To say they are hanging on by their fingertips is an understatement.

Re: Carnegie
Posted by: Duckham walked on water (IP Logged)
Date: 16 June, 2019 12:28

Copy of a post 15/06 by Grybz on the Tykes board


"... if a CVA is agreed the club could still be docked points at the start of the next season, although there may be a mechanism for applying it to last seasons table which could mean Richmond staying up and us dropping down. I think the options were mentioned on the will greenwood podcast a week or so ago..."

Sure a way will be found to keep 12 in the Championship.
If it is not YC, hope they survive somewhere.

Re: Carnegie
Posted by: HoboAl (IP Logged)
Date: 16 June, 2019 22:11

Quote:
bigm/ mark harrison.
The coming days could prove a massive problem for the league ,in actually being a team short if the debtors dont accept plans to partially pay off debts.To say they are hanging on by their fingertips is an understateument.

There will not be a team short, Richmond would not be relegated.

Re: Carnegie
Posted by: bigm/ mark harrison. (IP Logged)
Date: 17 June, 2019 08:27

i would hope that would be the case, but this is rugby and all manner of strange things happen.For the supporters of rugby in yorkshire ,a watershed moment is coming whether the experiment with union is over.Having said that, the league team is having an abysmal season with results also.

Re: Carnegie
Posted by: covmick1/Michael Carter (IP Logged)
Date: 17 June, 2019 12:42

Quote:
bigm/ mark harrison.
i would hope that would be the case, but this is rugby and all manner of strange things happen.For the supporters of rugby in yorkshire ,a watershed moment is coming whether the experiment with union is over.Having said that, the league team is having an abysmal season with results also.

Mark, there is more than one rugby union team in Yorkshire. YC is having major problems, very well detailed in posts above. Knowing the amalgamation of the old Roundhey and Headingley clubs, it is A great sadness to see this plight happening to a fellow club. I and many others hope they survive, In whatever format they can.

Re: Carnegie
Posted by: NOM (IP Logged)
Date: 28 June, 2019 18:11

Yorkshire board announce CVA was accepted by 100% of creditors - reported as 15p in the pound owed.

No mention of RFU sanction for taking in players and then only honouring 15% of their contract after they saved them from relegation.

Will be interesting to see what the RFU do as a potentially dangerous precedent being set.....



Edited 2 time(s). Last edit at 28/06/2019 18:12 by NOM .

Re: Carnegie
Posted by: bigm/ mark harrison. (IP Logged)
Date: 29 June, 2019 07:09

Maybe they could merge with hartpury.

Re: Carnegie
Posted by: bigm/ mark harrison. (IP Logged)
Date: 29 June, 2019 07:26

Seriously though, 15% of your contract owed, 15% of your bill owed. How many more clubs ,how many more players wages, how many more businesses put in jeopardy. This sport ,is so difficult to be self sustaining at this level.Only when the plug has been pulled and no relegation will some form of sanity return.But by then dreams will of vanished , new stands built,lives changed.For me when and if relegation/promotion goes , the sport i have loved for nearly 50 years will be badly tarnished. How can you stop newcastle v ampthill.

Re: Carnegie
Posted by: SimonG19 (IP Logged)
Date: 29 June, 2019 14:42

Quote:
NOM
Yorkshire board announce CVA was accepted by 100% of creditors - reported as 15p in the pound owed.
No mention of RFU sanction for taking in players and then only honouring 15% of their contract after they saved them from relegation.

Will be interesting to see what the RFU do as a potentially dangerous precedent being set.....

Absolutely bu88er all I would imagine.



Edited 1 time(s). Last edit at 29/06/2019 14:42 by SimonG19.

Re: Carnegie
Posted by: almostatyke (IP Logged)
Date: 29 June, 2019 21:23

Hey Guys, Carnegie are off the life-support machine and now hope to get to the recovery ward. OK things have not worked out very well, but that is solely because our main benefactor had unexpected business problems. There are many clubs at Premiership and Championship level who could sadly experience the same if someone went under a bus, for example.
The Carnegie shareholders/directors have refused to do a London Welsh (as in Yorkshire we do not believe in Father Christmas). LW hurt a lot of people when reality kicked in.
Nevertheless we do not think that the financial escape, though not absolute, is "victimless" but, lets face it, the business world and the rugby player world is a bit of a jungle at the best of times.

We now have the almost impossible task of assembling a coach and playing team that will not get relegated in the coming season. We have also given away lots of promising stars to opposition teams.

Not expecting any sympathy but a bit of understanding would help.

Nuneaton Lad.

Re: Carnegie
Posted by: timdouglas1 (IP Logged)
Date: 29 June, 2019 23:30

almostatyke, I don't think I am the only one who would love to see Carnegie finish above Hartpury come end of season

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