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Post by notoriousbigz on Jul 14, 2019 16:16:56 GMT
Likely the funding is cut now and Shire knows he can't make enough himself and/or for the big name players he brought in It'll be interesting to see what roster they can afford this season. Hamilton is on a two year deal and was at one point fully intending to honour it - I had that on good authority from someone present when he signed the thing..... Be a big indicator if he doesn’t return. |
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Post by Deleted on Jul 15, 2019 16:28:12 GMT
Mvp are reporting that shire has left royals.... where does that leave them! Mentions the costa last year with modest crowds, they must have lost a small fortune . And a quite staggering number |
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Post by raiders92 on Jul 16, 2019 13:35:04 GMT
Mvp are reporting that shire has left royals.... where does that leave them! Mentions the costa last year with modest crowds, they must have lost a small fortune . And a quite staggering number Tbh you could stomach that loss if it was the start of something ie they spent it.got good crowds and built a brand that would eventually pay back those losses but it didn't they didn't build big crowds or any real buzz other then the chance to see mba when actually after the initial hype I don't think had an overly great season |
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Post by interestedridersfan on Jul 16, 2019 15:08:59 GMT
Is a 600k loss by Royals an accepted figure or a rumour?
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Post by notoriousbigz on Jul 16, 2019 15:12:25 GMT
Is a 600k loss by Royals an accepted figure or a rumour? I've known Herse too long to think he'd actually write a figure down without some evidence.... |
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Post by Deleted on Jul 16, 2019 18:06:22 GMT
A couple of very good sources. But let's face it, if they'd "only" lost £500k or a "mere" £400k would that constitute success or be sustainable? Because Raiders92's idea that anything close to this money can be recouped is just a dream. Realistically the only ward to recoup such losses would be to find someone to buy it.
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Post by Deleted on Jul 16, 2019 19:19:11 GMT
How many years could you run Leopards on with 600k lol!
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Post by edware on Jul 16, 2019 20:02:03 GMT
How many years could you run Leopards on with 600k lol! I know this was tounge in cheek but i'd actually be interested to know the answer to this.... |
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Post by Deleted on Jul 16, 2019 20:29:09 GMT
Ok, let's play
600k in the bank, buying a franchise via the instalment option that's generally available and having Brentwood available for the vast majority of home games, I reckon we could at least look for a play-off spot for 5+ years. And maybe a cup or two
The problem is no one chucks in 600k+ (and it is definitely plus in Royals' case) to challenge for the playoffs. Ad we are witnessing
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Post by Deleted on Jul 16, 2019 20:29:55 GMT
How many years could you run Leopards on with 600k lol! Alternatively, in D1. Forever. And win lots |
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Post by edware on Jul 16, 2019 20:34:07 GMT
Thanks for answering.
What was Royals actual goal for last season? Steamroll the league, cup and trophy and look to enter europe this coming season? Should have been clear fairly early on that wasn't going to happen, to keep chucking money at it in the way they apparently did seems mental.
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Post by reallyoldfeenixfan on Jul 16, 2019 20:49:11 GMT
Thanks for answering. What was Royals actual goal for last season? Steamroll the league, cup and trophy and look to enter europe this coming season? Should have been clear fairly early on that wasn't going to happen, to keep chucking money at it in the way they apparently did seems mental. Perhaps that's why their plAyer policy involved a revolving door and possibly full of promises? |
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Post by Deleted on Jul 16, 2019 21:13:24 GMT
Thanks for answering. What was Royals actual goal for last season? Steamroll the league, cup and trophy and look to enter europe this coming season? Should have been clear fairly early on that wasn't going to happen, to keep chucking money at it in the way they apparently did seems mental. I think they expected a lot more success. But they weren't ready to bring in true import yanks. That's key. It would have been a great start if they hadn't spunked so much on it. |
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Post by faz on Jul 16, 2019 23:48:47 GMT
Rumour is 2 players probably cost them in the region of 136K. A mother 460k or thereabouts on what?
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Post by Deleted on Jul 17, 2019 10:09:23 GMT
Ah, but are those rumoured wages nett or gross? Players normally talk nett (what goes into their bank) so if that's the case there's a £30k tax bill for each of those two you mention
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Post by ballerman on Jul 17, 2019 10:34:01 GMT
A couple of very good sources. But let's face it, if they'd "only" lost £500k or a "mere" £400k would that constitute success or be sustainable? Because Raiders92's idea that anything close to this money can be recouped is just a dream. Realistically the only ward to recoup such losses would be to find someone to buy it. Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart |
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Post by notoriousbigz on Jul 17, 2019 11:01:29 GMT
A couple of very good sources. But let's face it, if they'd "only" lost £500k or a "mere" £400k would that constitute success or be sustainable? Because Raiders92's idea that anything close to this money can be recouped is just a dream. Realistically the only ward to recoup such losses would be to find someone to buy it. Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart All the rumours I've heard suggest the owner is not in the slightest bit happy at the returns hes (not) seeing.
Further, its not like we're new to this. Everton have done it in the past, and others have come in with the promise of big investment to then get cold feet a few years later. Once bitten twice shy I'm afraid.
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Post by padaceth on Jul 17, 2019 11:11:31 GMT
Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart All the rumours I've heard suggest the owner is not in the slightest bit happy at the returns hes (not) seeing.
Further, its not like we're new to this. Everton have done it in the past, and others have come in with the promise of big investment to then get cold feet a few years later. Once bitten twice shy I'm afraid.
I don't think anybody is wanting to "pour scorn on it" and if there really was a philanthropists who wanted to further UK Basketball then we would all be very supportive, however we have been here before and have seen the results. Investors are wanting returns be that success on the court or profit. I suspect given the rhetoric that the Royals used at the start of last season one trophy and a loss in the play-finals was not the return they were after. |
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Post by faz on Jul 17, 2019 12:38:05 GMT
Something sustainable would have been great give the level of investment. Nice idea badly executed looks the probable outcome.
I hope they do survive but not a great advert for future investors if they dont
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Post by edware on Jul 17, 2019 13:05:36 GMT
A couple of very good sources. But let's face it, if they'd "only" lost £500k or a "mere" £400k would that constitute success or be sustainable? Because Raiders92's idea that anything close to this money can be recouped is just a dream. Realistically the only ward to recoup such losses would be to find someone to buy it. Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart I think the main criticism people here have is investors wildly chucking money about in an unsustainable manner. Of course investment is a good thing but only if the money is used in the right way. I don't believe for one minute there are many (any) basketball loving philanthropists willing to use/donate their funds for a BBL Franchise. Investors want returns. If they don't get those returns, the proverbial hits the fan and the franchise invariably goes to the wall which doesn't exactly present our league in a good light. |
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Post by notoriousbigz on Jul 17, 2019 13:52:34 GMT
Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart I think the main criticism people here have is investors wildly chucking money about in an unsustainable manner. Of course investment is a good thing but only if the money is used in the right way. I don't believe for one minute there are many (any) basketball loving philanthropists willing to use/donate their funds for a BBL Franchise. Investors want returns. If they don't get those returns, the proverbial hits the fan and the franchise invariably goes to the wall which doesn't exactly present our league in a good light. See the owners of Bristol Flyers (Sport Bristol or something!?!?!?!) for the way to run a franchise that actually gets returns. I'm not sure they make loads of money financially (never looked into it but I doubt they lose too much), but the benefit to the community is certainly worth the reward - sell out crowds and a good youth setup both being things I don't see from the London Royals. |
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Post by Deleted on Jul 17, 2019 21:51:24 GMT
A couple of very good sources. But let's face it, if they'd "only" lost £500k or a "mere" £400k would that constitute success or be sustainable? Because Raiders92's idea that anything close to this money can be recouped is just a dream. Realistically the only ward to recoup such losses would be to find someone to buy it. Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart You're comparing oranges with giraffes. Whoever is behind Royals isn't really investing in basketball. They're chucking money are one particular club, and not doing it particularly well. It seems it's virtually certain it's not Deng, and it's not thanking GB/England/London because there's nothing sustainable and nothing here more than a few people getting well paid for playing basketball. The fact they've binned Shire after a season suggests the Royals' hierarchy are not philanthropists. And yes, I'd love someone to chuck two thirds of a £million at Leopards. We'd do a hell of a lot better with it. |
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Post by elbasketo on Jul 18, 2019 17:40:33 GMT
Those green eyes will make you all ill. Everyone (quite rightly) bemoans the lack of investment in basketball. Someone (or a group of someones) come along and throws a shedload of money into the game and all you can do is criticise. If Luol Deng is part of teh backers, well that's his way of thanking the country and a sport that set him up in life. But the rest of you just want to pour scorn on it. There are philanthropists who do things not just for profit. So now we can all watch Singapore v Samoa in the Netball Commonwealth (sorry World) Cup whilst we had to rely on Youtube to see our ladies qualify for the Pre-Olympic tournament. And why would any investor put money into a sport that just constantly rips itself apart You're comparing oranges with giraffes. Whoever is behind Royals isn't really investing in basketball. They're chucking money are one particular club, and not doing it particularly well. It seems it's virtually certain it's not Deng, and it's not thanking GB/England/London because there's nothing sustainable and nothing here more than a few people getting well paid for playing basketball. The fact they've binned Shire after a season suggests the Royals' hierarchy are not philanthropists. And yes, I'd love someone to chuck two thirds of a £million at Leopards. We'd do a hell of a lot better with it. Great point! I remember hearing that Nhamo didn’t want to go BBL until this coming year, but timescales were bumped up by the owner when a spot became available. (Leeds). Money wise, the wife apparently announced at the playoff loss that; “there won’t be any more of my money for this ****”. Very much doubt Deng is involved, but can’t say I know either way. |
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