Not at all, we've also signed Warringtons accountant.

Ratu, Black, Greenwood, Clayton, Nash would all have been on a reasonable wage and they are no longer on the payroll.

We're signing "very good" players but not "super stars" ........ Roonie and Cadic must have broken Barrow's back not to mention having to pay their players "a premium" to travel up there. And I bet Leigh spent "over the odds" on the likes of Robbie Paul .... errr, sorry, Robbie Hunter-Paul, not to mention their coach Ian Millward! To me we're signing a well balanced squad.

Have i missed something when was Claytons departure announced?

Not been announced, just assumed by most.

He said it himself a couple of months back, not sure if he has decided to continue playing though

Our BOD will be spending money we have.
They will not be budgeting for possibilities, i.e Finals.
Any extra income, again finals, play offs will be a bonus.
I also understand that extra income from finals is usually eaten up in players bonuses.

Think there could be a few new faces waiting on the tables in Roger Harveys coffee shop/restaurant in town perhaps?

When the RFL talk about expansion perhaps they mean sponsors restaurants

The last accounts for Halifax RL for year ended 30/11/2010 again shows that the club "broke even" ..... quite literally. Exactly NIL profit/loss. The same as the year before. The accounts don't give much away because they're abbreviated. But you can figure out the profit / loss by simply looking at the balance sheet. It only costs a quid to have a look on Companies House website.

Strange ..... no matter how well we do we always break even. Maybe an anonymous sponsor / benefactor is "plugging the gaps"?.

Without Widnes in the league, Leigh in financial trouble, and no one quite knowing the situation at Barrow, there's probably not as much money available to players as there has been in recent years.

Some may be lost from the Pro game, opting to earn a better wage with a "Day Job",

How many clubs next season are in a decent position to offer good money? and with more and more contracts seemingly been incentive based, players need to be looking at signing where they're more likely to win more games than they're gonna lose.

Profit means nowt, the net asset and cash position is key....

Black, Greenwood, Jones, Nash, Watene, Clayton, Goddard. and co would have been on a good number and doubt Heaton, Reittie, Handforth are on the same. Also Fax have said the budget is less this year

Not arguing, accountancy was never my main subject, better at English Law,
Please explain

Well, Fax don't have any assets and I can't see us needlessly sitting on a massive amounts of cash - it's a waste of working capital. So long as the cash FLOW is managed Profit is everything. Profit keeps you going into next year. Profit attracts investors. Profit is why I get out of bed every morning.

Exactly,
We don't own a stadium (asset)
We don't own players (asset)
The only way assets are of value is if you can sell them.
Look at Ratu, he had an Audi and sold it.
Unfortunately the company he hired it from were not impresed.

All I'm saying is profit can be great but cashflow poor, or profit poor and cashflow great, the 2 don't necessarily correlate.

Yep - absolutely. Poor cashflow management is why a lot of businesses fail.

Well ..... the accounts show net overall liabilities of £130,014, exactly the same as the year before, which is simply represented by creditors of £130,014 (whoever they may be). So the club is technically insolvent. Because the company is insolvent, I would have thought the accounting policies should include an explanation as to why the accounts have been prepared on a going concern basis, but they don't.

As at the 30th September 2010, our companys creditors looked like this:

Amounts falling due within one year: £372,433
Amounts falling due after one year: £14,012,516




All confirmed by auditors and we are a "going concern". And no explanation needed ta very much

Don't matter how much you owe, tricky lad, it's the net position as well you know. Have you looked at Halifax's RL accounts? As I say no going concern explanation and the Accountant reported on ht accounts which wasn't necessary as the accounts are abbreviated. Never heard of the Accountant to be honest.

Well, our net position is £14m in debt (albeit to our US parent company) and we're still a going concern. Staggering.

As long as your US parent company states they will not withdraw their financial support indeed you can be classed as a going concern. I wonder who our club's creditors of £130k are? Seeing that the amount of debt is the same as last year they must be "nice" (

) creditors who don't want their money (yet!) .... the directors perhaps? But the likes of Bubba would argue it's money we owe for the rent!

We do indeed have an annual comfort letter which is requested by our auditors. I reckon the creditor is Hilda

Nice to see your "job security" hinges on a piece of A4 paper saying the 14 million is ok, dicky

It's been like that for nine years. I love that piece of A4 paper!! (Actually, it's not A4 - the yanks use weird paper sizes)

Mind you, I'm very talented so I'm sure I'd walk into another job lickety split.