To answer that I'd have to repeat all the other posts on this subject you've clearly ignored or not understood.
Maybe you have insider knowledge that I dont have but don't think so.
I'll give it a go anyway
"Any club run well run would not have their lossers of 600k and this year would be more if Ellis hadnt contributed"
600k was next to the lowest in SL. And the 600k includes non cash items like depreciation.
The balance sheet backs this up with "cash in bank"
Ellis gave us money to spend. If he hadn't given it we wouldn't have spent it so wouldn't have affected the numbers.
"Any organisation is judged by profit and loss"
You are correct. So the logic is we are better than all but one of our competitors on this judgement.
"We have more debt lost our super league position and insolvent as we cannot afford to repay what we have borrowed."
More debt - correct....and more assets too
Lost our SL position - correct. No one likes that. But we are talking about how the club is run.
We are very much NOT insolvent. You need to look up what that means
And we clearly can afford to pay the loans as 1) we are doing it and 2) the council have already given us a break on it."Some mythical income stream from the East stand is going to solve everthing."
Not sure why you think it's mythical. We already have income from hospitality in the Hub. So adding a new, massive, venue will clearly add more. And we have already got bookings.
No one says it'll solve everything but it gets us more money and improves scores on 3 of the 5 IMG sections....which is priceless."Thank god for someone with will and means"
- I assume you mean Ellis? And yes I agree. Glad he's hereI'm not blindly defending. The recruitment and playing side were poor this year and it hurt us. But saying the club is run badly, with the statements above is incorrect
