Quote ="reds5" Quote ="Chico"Could somebody compare these results to other Super League clubs?'" Comparisons with other clubs deemed our level just add to the worry, this includes Wakefield who have recently been in administration Salford Cash In Bank: £877 Net Worth: -£4,352,212 Current Liabilities: £3,763,566 Current Assets: £265,351 Castleford companycheck.co.uk/company/00214373 Cash In Bank: £3,702 Net Worth: £352,782 Current Liabilities: £2,200,043 Current Assets: £113,732 Wakefield companycheck.co.uk/company/02623391 Cash In Bank: £7,299 Net Worth: -£119,175 Current Liabilities: £1,429,060 Current Assets: £1,256,517'" The figures above are for Salford Rugby (1914) have a look for Salford City Reds companycheck.co.uk/company/04791472 or even Salford City Reds Foundation companycheck.co.uk/company/05843571 If you then click on John Wilkinsons name and see the companies that he is involved in,and how many other directors of SCR are also involved as well

Quote ="reds5" Quote ="Chico"Could somebody compare these results to other Super League clubs?'" Comparisons with other clubs deemed our level just add to the worry, this includes Wakefield who have recently been in administration Salford Cash In Bank: £877 Net Worth: -£4,352,212 Current Liabilities: £3,763,566 Current Assets: £265,351 Castleford companycheck.co.uk/company/00214373 Cash In Bank: £3,702 Net Worth: £352,782 Current Liabilities: £2,200,043 Current Assets: £113,732 Wakefield companycheck.co.uk/company/02623391 Cash In Bank: £7,299 Net Worth: -£119,175 Current Liabilities: £1,429,060 Current Assets: £1,256,517'" The figures above are for Salford Rugby (1914) have a look for Salford City Reds companycheck.co.uk/company/04791472 or even Salford City Reds Foundation companycheck.co.uk/company/05843571 If you then click on John Wilkinsons name and see the companies that he is involved in,and how many other directors of SCR are also involved as well

Does anyone know the figure that you would be looking at to run a club like Salford for the year allowing for a full salary cap and decents backup on team?.

Need to know how much of my Euromillions I'd need to put to one side

I would reckon that to run a winning club would take an initial £5m investment, unless you want to buy the new ground as well, this would be pushed upto £25m, which will as the team becomes successful become a lot less with money coming in from Fans, advertising, replica goods and TV money, meaning a minimum outlay or quite likely a positive return each season.

Take the figures with a pinch of salt

Don't be too surprised if said 'liabilities' are mainly non repayable loans to the directors, just like they are at Citeh and Chelsea. They'll still need to be shown on the balance sheet

Wakey and Crusaders got in to trouble i'm guessing because the money they owed was to people who weren't prepared to write it off

Granted, that the bulk of liabilities are probably made up of by the directors loan accounts, but the you have to ask why is that figure increasing, the answer is easy the club doesn't generate enough of it's own income.
That makes it a very difficult re-saleable item, after all who want's to repay another directors debt without the posibility of a return on capital input.
Put simplistically Salford as with many other clubs need a "Roman Abramovich.".......Not seen many of them down weaste recently.!!

i'm not sure whether that figure is increasing year on year as i haven't seen the accounts but i can only assume that if that is the case then it is the result of the directors investing in the club, playing staff and the youth development in schools etc (probably the best sales and marketing pitch we'll ever have) whilst effectively subsidising the cost to the fans who come through the gate. At the end of the day, i'm sure fans of every club would prefer its liabilities to lie with it's directors in the form of non repayable loans rather than high risk bank loans secured against their ground.......

As for a "Roman Abramovich", i'm sure every club would love one but no one buys a rugby club to make money, most do so as they have an affinity with the club and want it to succeed/survive. i think it was Milan Mandaric who once said something along the lines of, "owning a football club will make you a millionaire, you just have to start out as a billionaire"