Re: DoR - New Coach - Investor & Adam - New signings : Tue Nov 26, 2024 1:20 am
Chris71 wrote:
That’ll end well then you’d think 
From what I’ve read about Salford’s situation it certainly isn’t good as it’s not so much a cash flow issue as they seem to mad out. It’s seems to be more a case of a revenue stream they’d budgeted on simply wasn’t something that was a guaranteed option and a gamble to have done so.
Think the rest of SL should be rightly concerned on a number of things such as Salford being in such a hole financially at this stage, the fact they’ve spent what they simply haven’t got and whether they are actually a sustainable & viable prospect currently.
It also opens up to questioning the governance of the clubs & the IMG set up when a club has been able to get in such a big hole financially.
From what I’ve read about Salford’s situation it certainly isn’t good as it’s not so much a cash flow issue as they seem to mad out. It’s seems to be more a case of a revenue stream they’d budgeted on simply wasn’t something that was a guaranteed option and a gamble to have done so.
Think the rest of SL should be rightly concerned on a number of things such as Salford being in such a hole financially at this stage, the fact they’ve spent what they simply haven’t got and whether they are actually a sustainable & viable prospect currently.
It also opens up to questioning the governance of the clubs & the IMG set up when a club has been able to get in such a big hole financially.
That £500000 they have just wasted on a load of spreadsheets would have come in handy
