Some confusion here.

You never had that mantle. As I stated, the Barrow lottery was the biggest lottery in the country until the introduction of the National Lottery and, I believe, has remained second only to that.

I really don't wish to argue over the matter of finances. Both our clubs appear to be in a healthy situation, both provide entertaining and highly competitive rugby.

So lets stop arguing and gang up on them Widnes b*****ds! hahaha

perhaps they have hyper-inflated their intangible assets too, or used SPV's (special purpose vehicles) to mitigate the true extent of financial concerns within

Has somebody highjacked your account?

Google is his friend

ask me anything about accountancy my friend, i work for the biggest ****s of them all!

Question 1:
You pay a creditor - what's the double entry ?

DR ?
CR ?

Dr. Creditor
Cr. Bank

Q. Whats the most efficient capital structre according to Miller & Modigliani?

Without looking at Google - i haven't a clue. But styler thinks it's this:

=blueThe basic theorem states that, under a certain market price process (the classical random walk), in the absence of taxes, bankruptcy costs, and asymmetric information, and in an efficient market, the value of a firm is unaffected by how that firm is financed. It does not matter if the firm's capital is raised by issuing stock or selling debt. It does not matter what the firm's dividend policy is. Therefore, the Modigliani-Miller theorem is also often called the capital structure irrelevance principle.

We have massive thread drift and it's my fault. I apologise.

Did you know that Barrow-in-Furness is a large industrial town which grew from a tiny 19th Century hamlet to the biggest iron and steel centre in the world, and a major ship-building force, in just 40 years.
If they can do that to the steel industry what are they going to do to Rugby League? It's frightening. Des is the new Isambard Kingdom Brunel.

yes littlerich but you forgot that their modified model incorporates hypothetical 'bankruptsy costs' meaning that a highly levered firms capital structure actually can and does affect a firms stated value, however unreliable this estimation may be. I learnt this riveting stuff in my corporate finance module.

I'd ask for your money back - they didn't teach you the correct spelling.

its an english-american thing!

That yorshire humour...

No, mate. Our shire is Yorkshire. Biggest and best; God's own county, don't you know?

you can't ad season ticket sales to this years turnover,, season ticket sales will be treated as deffered income and form the starting point to the 2010 accounts

Thonely one with its own airline

Is that the same as deferred income ?

Pedantry with humour and wit = good

Pedantry for pedantry's sake = bad

Taking off from Leeds, landing in Leeds. Aye lad!

Accountants...totally boring b-star-s.

Could'nt agree more. They know the cost of everything and the "VALUE "of nothing!!

Thanks. Love you too.

Why is everybody interested in Barrow they will win nothing next season with Steve Mc in charge he failed again at the final hurdle yesterday with favourites Scotland.

Next year will be too close to call, espicially if the The Leythers are invited to the jig. Widnes will be back with avengence, Barrow will be playing for bonuses (again), we've strengthened well and Leigh will have the Millward effect and a point to prove, no doubt. Not forgetting an unbeaten Dewsbury. Plus everyone else who can turn over anyone on the day!

couldn't agree more.

My assistant accountant.