Where has the money gone?

[ddtftf]

Where has the money gone? We have lost 5 players on big contracts and have a credit note from the RFL for £230 000 so why is there only £140 000 in the pot. Would our new owner please explain in simple terms the reason for the lack of spending avaliable?

[The Pearl]

In Ian Lenagans BBC interview he said the credit note was over a 4 year period so that may explain part of the missing money. The players leaving surely should have allowed more than £140k cap space.

[gpartin]

The Pearl posted:
In Ian Lenagans BBC interview he said the credit note was over a 4 year period so that may explain part of the missing money. The players leaving surely should have allowed more than £140k cap space.

Unless, as has been suggested, we were well over the cap last year?

[ddtftf]

The Pearl posted:
In Ian Lenagans BBC interview he said the credit note was over a 4 year period so that may explain part of the missing money. The players leaving surely should have allowed more than £140k cap space.

That means that £57 500 00 is part of the £140 000 therefore only £82.500.000 is left from this years salary cap money.

[ddtftf]

gpartin posted:

The Pearl posted:
In Ian Lenagans BBC interview he said the credit note was over a 4 year period so that may explain part of the missing money. The players leaving surely should have allowed more than £140k cap space.

Unless, as has been suggested, we were well over the cap last year?

Don't you think that Mr Lenagan should be open with the fans & tell us the truth? that way he would have the respect from us that at last we have a true picture of the club finances and end all the speculation of hidden adjenda within the club, its about time the true facts are told.

[NICKYKISS]

gpartin posted:

Unless, as has been suggested, we were well over the cap last year?

100% Guranteed imo.

I can't see how we can't be unless the lads that have left were playing for binmans wages.

[mike binder]

at least he as come in been honest and not painted a rosey look ,as mamagment in the past have done

[gpartin]

ddtftf posted:

gpartin posted:

The Pearl posted:
In Ian Lenagans BBC interview he said the credit note was over a 4 year period so that may explain part of the missing money. The players leaving surely should have allowed more than £140k cap space.

Unless, as has been suggested, we were well over the cap last year?

Don't you think that Mr Lenagan should be open with the fans & tell us the truth? that way he would have the respect from us that at last we have a true picture of the club finances and end all the speculation of hidden adjenda within the club, its about time the true facts are told.

No if he comes out and says the club are in dire straits this could put off potential investors and sponsors. I think he has done the right thing giving the fans a bit of realism that he's not in a position to be spending a fortune on signings.

[gpartin]

Nobby`s Girl posted:
Where all ready over the cap for 2008.

If thats the case the RFL will not allow any signings since next years cap is supposedly monitored on an ongoing basis?

[mike binder]

Nobby`s Girl posted:
Where all ready over the cap for 2008.

think thats a ? not a fact