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Leeds Carnegie have a problem
1spy (IP Logged)
06 March, 2019 17:49
Report in this weeks Rugby Paper concerning the clubs poor finances.losing players due to not having funds to offer players new contracts next season.Players have called a meeting to discuss issue.Also mentioned moving away to save £400,000 a year ground rent.Club lost £1 million pounds sponsorship from University Trust.Worth a read in The Rugby Paper.



Edited 1 time(s). Last edit at 06/03/2019 17:50 by 1spy.

 
Re: Leeds Carnegie have a problem
2Harbourview (IP Logged)
06 March, 2019 18:14
I remember years ago when I was living in Blackpool and going to Fylde games, they had just had the partnership with the Rhinos and Wendell Sailor played (another story). They were on the way up but the fans, many from the Headingley RFC days, hated playing at the Stadium. Felt they had lost something and i am not sure they ever really got it back

 
Re: Leeds Carnegie have a problem
yeldor (IP Logged)
10 March, 2019 18:23
Ask LI if we have problem playing rugby 🏉. Yes sarcasm Iím dealing in here . Good luck to you. From the frozen wasteland of Yorkshire.



sent off carried off never backed off

 
Re: Leeds Carnegie have a problem
wigston pirate (IP Logged)
12 March, 2019 13:15
Did read the article in TRP and the previous week there was discussions to be held with the board and players. It appears they could move from Headingley and to be honest a soulless place, such a vast stadium and so few inside.Hope they can sort out something by the end of the season as they have Chris Sterling is in place and Dave Ward mentioned in the past to take on a coaching role next season.


(Sm109)

 
Re: Leeds Carnegie have a problem
1spy (IP Logged)
12 March, 2019 15:14
This weeks TRP on page 2 reports the players demanding the Chairman resigns.The £2 million pound loss of funding has put the club in a very serious position.Speculation they will go part time next season or a threat of administration.Hope they can sort future out.

 
Re: Leeds Carnegie have a problem
Pirate15 (IP Logged)
12 March, 2019 17:44
It doesn't sound good if you're a Leeds fan on reading their forum. They have accrued £4.4M of debt since 2017. There is a link to an article in the Yorkshire post by Chris Stirling who criticises their board for not being honest with the players and him. He states they only have 8 players signed for next year as they were brought in on 18 month deals but he's not sure if that will be honoured.His own position appears uncertain but his number 1 priority is the players.

 
Re: Leeds Carnegie have a problem
cheshire exile (IP Logged)
14 March, 2019 10:46
Complete mess and yet another illustration of the gulf between the Premiership (now wallowing in venture capital cash) and the championship.
The Premiership is going the same way as its wendyball equivalent, spending all the external injections of money on inflated wages. Some of the figures being bandied around for overseas signings in particular are mind boggling if even remotely accurate.

 
Re: Leeds Carnegie have a problem
almostatyke (IP Logged)
14 March, 2019 19:39
Yorkshire Carnegie moderator here: I concur completely with Cheshire exile above. Yes we have a problem, but although we have attracted a lot of criticism (but not on your board, this is why I am posting) the big thing is that we are not following London Welsh by signing lots of expensive players in the hope that a Fairy Godmother will arise to pay the bills.
We have dreamt of competing for promotion to the Premiership, hence retaining use of Headingley stadium, but our search for financial backers has so far not worked. Seems the CVC Premiership money was enough for our main backer (and any sane businessman, to be fair) to say that the pitch was sloping up so much against us that sustainable promotion was not achievably without Abromovich-type money.
Our future is uncertain, but I suspect that we are not going to be worse off than, perhaps half of the other Championship clubs.
And all this is so ironic in that our present young squad has proved it is a viable stepping stone to a serious promotion challenge having completely outplayed London Irish.

 
Re: Leeds Carnegie have a problem
Black Bart (IP Logged)
14 March, 2019 20:50
Well said and good luck. Hope things get sorted

 
Re: Leeds Carnegie have a problem
Geoff DC (IP Logged)
14 March, 2019 20:54
Quote:
almostatyke
all this is so ironic in that our present young squad has proved it is a viable stepping stone to a serious promotion challenge having completely outplayed London Irish.

How many weeks are they left with you before they move on ??

 
Re: Leeds Carnegie have a problem
almostatyke (IP Logged)
14 March, 2019 22:18
Sadly they have been told that there are no new contracts available so the majority will move on at the end of the season. Really sad as some have been really good players for years and also the star youngsters our Academy has produced are now going off with negligible appearances for our first team, including one currently playing for England U20.
It costs a lot to run a rfu academy but we have not been able to reap the benefits as the talent we produce moves straight on to Premiership clubs. Bath have poached our Academy Manager, John Pendlebury and pick off our starlets as they develop.

 
Re: Leeds Carnegie have a problem
Pirate15 (IP Logged)
15 March, 2019 13:34
Latest report in the Yorkshire post is an interview with their CEO who admitted that the club was handed back to the current board in 2014 debt free. The board had managed to raise an additional £5M but that had now gone. They had set a budget of £2.3M for this season but next year it would be reduced to £1.3M which is in keeping with a number of other championship clubs.
I'm not sure that there will be much sympathy for their board based on this account and these figures.
It should make us all appreciate even more what Dicky Evans,his fellow board members and our sponsors have done for the club since we entered the professional era.

 
Re: Leeds Carnegie have a problem
*Stalwart (IP Logged)
15 March, 2019 16:00
It's a mess. They seem to have brought in Chris Stirling, and all the players he's brought in, on false promises that they were never going to be able to keep. As P15 says, we are very fortunate to have Dicky and the present board running the club on a sensible business footing.

 
Re: Leeds Carnegie have a problem
almostatyke (IP Logged)
15 March, 2019 19:27
Sorry disagree about Yorkshire, Stalward. Our main backer, the founder and CEO of exercise4less was backing us until the huge CVC Premiership investment came in and distorted our aims. Following his withdrawal the other directors are continuing to run the club within budget. We are now at normal Championship level.

I'm sure your club would do the same.

 
Re: Leeds Carnegie have a problem
*Stalwart (IP Logged)
15 March, 2019 19:48
Quote:
almostatyke
Sorry disagree about Yorkshire, Stalward. Our main backer, the founder and CEO of exercise4less was backing us until the huge CVC Premiership investment came in and distorted our aims. Following his withdrawal the other directors are continuing to run the club within budget. We are now at normal Championship level.
I'm sure your club would do the same.

Fair enough. Unfortunately there are victims who thought they were signing up to something which has now evaporated. Good luck for the future, let's hope the club can stabilise and build proper finance and playing foundations.

 
Re: Leeds Carnegie have a problem
AnIdiotAbroad (IP Logged)
18 March, 2019 19:53
Andy Rock is at Bath, JP is at Wasps.


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