Because Richardson could effectively do what he wanted as long as returns on their investments kept coming in. Doesn't matter if it was through the club making profit or through bank loans
The club had circa £60m of debt when relegated from the Prem and the first season in Division 1. It was reduced by significant cost cutting including selling the stake in ACL.
You're wrong. Richardson and cronies sold our home and agreed with the council the ridiculous setup at the Ricoh that SISU inherited.
Richardson & co are ultimately to blame for the clubs position. They built up the massive debts, they sold the clubs stadium without a brick of the arena being...
Mid table. I would keep him provided we finished comfortably above the relegation zone. He's building for the future this season rather than last seasons short term stab at the play offs.
Tbf, not many teams have such a wretched start injuries wise. We're without 3 or 4 definite starters, any team would struggle, squad depth or not squad depth. We were lucky injury wise last season.
The majority shareholder in SBS&L is Sconset Capital LP, registered in the Cayman Islands, so comments about tax avoidance are off the mark imo. Pretty pointless being registered in the Caymans if you make consistent losses.