Re: Mergers : Tue Sep 04, 2018 12:36 pm
Fully wrote:
We sold one player last year, and I say sold loosely, as it was Denny Solomona who we had to seek legal recourse for.
Outside of that, we sold Luis Johnson but that happened in December this year so will show in the 2018 accounts (accounts are only made up to November 30th 2017).
So in truth the first point is correct, and the second point is a contributory factor but isn't reflected in 2 of the other last 4 years where we have made a profit. So in fairness, the whole profit is a combination of being run better, better financial management, and the success driven from on-field performance.
Outside of that, we sold Luis Johnson but that happened in December this year so will show in the 2018 accounts (accounts are only made up to November 30th 2017).
So in truth the first point is correct, and the second point is a contributory factor but isn't reflected in 2 of the other last 4 years where we have made a profit. So in fairness, the whole profit is a combination of being run better, better financial management, and the success driven from on-field performance.
Out of interest why are the accounts made up to Nov and not April like any other company? Great news for the Castleford club to be in such a healthy position financially.