snowie wrote:
Come on no one is saying the government loan is a gift and only a fool would add that to the RFL accounts but clarification is needed when you get someone bragging that they have made a profit of £25,000 when red hall has been sold for a 7 figure sum and cuts of £363,000 have been made
Some people are so quick to demand answers, suggesting there is something wrong going on. As if the governing body, which is ridiculously leanly run, has trousered the government funding it was entrusted to administer. In the real world we know that clubs have drawn down on it and we know it's repayable from two years time.
Had you been paying attention rather than leaping in with accusations, you'd also know that the sale of Red Hall happened after the year end that we're talking about so isn't included in these figures - and would probably be an exceptional item in any event. As with all businesses badly hit by Covid, the result for the year is no doubt propped up by some serious amounts of furlough claim but it's still a sign of a tight run ship.