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#Post#: 109464--------------------------------------------------
Re: Irish
DIR By: never sleep
Date: May 30, 2023, 4:08 am
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--- Quote from: Mandator link ---
>
> Deadly-thank you-so who are the actual freeholders of the
Stoop/
>
--- End Quote ---
I can't remember the detail.
But, there is a book by a former poster on this site (RleQuin I
think) that has a lot of the detail around the ownership.
HTML https://www.amazon.co.uk/Harlequins-First-Mr-Nick-Cross/dp/099554560X
#Post#: 109466--------------------------------------------------
Re: Irish
DIR By: Donuts
Date: May 30, 2023, 4:40 am
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The Land and buildings is owned by Harlequin Estates (Twickenham
Limited and has been revalued at £39m of which £10.5m is in
respect of the land.
the original cost was about £19.5m. Up until June 2021 it acted
as security for its parent company's bank loans but this ceased
in 2022.This company is 1005 owned by Harlequins FC Holdings
Limited which also owns 97% of Harlequins Football Club Limited
which h is where the rugby club and its related activities
reside. HFC is owned 98.22 % by Harlequins FC Holdings Limited
now with 1.78% held by Harlequins Trustees. HFC holdings Limited
is owned 90% by blue Sky holdings Limited and 10% by David
Jillings.
The ultimate owner is Prime life common fund Limited which is a
Bermudan company although the person with significant control
over the Company is the board or Directors of Somers Isles
Private Trust Company Limited which is also located in Bermuda
#Post#: 109467--------------------------------------------------
Re: Irish
DIR By: quinalan
Date: May 30, 2023, 4:42 am
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--- Quote from: Zandini link ---
>
> Looks like a tragedy in the making by Wednesday for London
Irish. The Prem needs a complete overhaul.
>
> The impact of what the owners of Saracens did, and the
subsequent unaffordable wage inflation other teams had to make
as player expectations changed, continues its destructive path.
I don’t understand why ‘that’ isn’t mentioned more regularly.
>
>
--- End Quote ---
Agree with that. Although the French & URC clubs also have
inflated wages. Saracens selfishness has certainly helped create
this. It will be a disaster if Irish get suspended or worse.
They provide the other Prem clubs with gate income, a very stern
opposition & their academy is prolific. Its easy to shout blame
the RFU, but what have Premier Rugby been doing while Worcester,
Wasps, go bust, & now Irish on the brink.
#Post#: 109468--------------------------------------------------
Re: Irish
DIR By: Mandator
Date: May 30, 2023, 4:44 am
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Thanks Donut-so cutting through all that who has the ultimate
sanction tosay if the ground can be sold?
#Post#: 109469--------------------------------------------------
Re: Irish
DIR By: Donuts
Date: May 30, 2023, 4:57 am
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the board or Directors of Somers Isles Private Trust Company
Limited which is also located in Bermuda
#Post#: 109472--------------------------------------------------
Re: Irish
DIR By: Donuts
Date: May 30, 2023, 5:13 am
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I did find this in a Somers annual report
In the opinion of the Directors, the Company’s ultimate parent
undertaking is Somers Isles Private Trust Company Limited,
a company incorporated in Bermuda and owned by Mr
Duncan Saville.
#Post#: 109480--------------------------------------------------
Re: Irish
DIR By: never sleep
Date: May 30, 2023, 5:46 am
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--- Quote from: Donuts link ---
>
> 1.78% held by Harlequins Trustees.
>
--- End Quote ---
I read that these trustees own a "golden share" that gives them
the option to veto any decision that shops rugby from being
played at The Stoop.
I don't know how that works - or even if it still exists.
#Post#: 109488--------------------------------------------------
Re: Irish
DIR By: JammyGit
Date: May 30, 2023, 6:12 am
---------------------------------------------------------
--- Quote from: quinalan link ---
>
> Agree with that. Although the French & URC clubs also have
inflated wages. Saracens selfishness has certainly helped create
this. It will be a disaster if Irish get suspended or worse.
They provide the other Prem clubs with gate income, a very stern
opposition & their academy is prolific. Its easy to shout blame
the RFU, but what have Premier Rugby been doing while Worcester,
Wasps, go bust, & now Irish on the brink.
>
--- End Quote ---
URC wages had little to do with it. The rot set in with the
first big jump in the salary cap after Bath and Saracens held
the league to ransom.
#Post#: 109493--------------------------------------------------
Re: Irish
DIR By: Nico Wilson
Date: May 30, 2023, 6:22 am
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--- Quote from: Brown Bottle link ---
>
> Interesting. I heard it was required for all clubs to do this
by the end of April. Irish were the only club who didn’t.
>
--- End Quote ---
Thanks Brown Bottle. I didn't know this.
#Post#: 109496--------------------------------------------------
Re: Irish
DIR By: FatQuin
Date: May 30, 2023, 6:31 am
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When we reach the point where Saracens are they only team left
solvent, I bet they still try to cheat.
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