It’s for the duration of the first contract signed, or it used to be.

I hope we are after some signings. I fully appreciate the Covid impact, however saints have got Graham back and Joel Thompson, wire have inglis and Wigan have Bateman for next season.
We appear to have ward and Myler leaving and our stated position is we have not yet worked out our budget.
We need to be competing with those 3 clubs on salary cap spend or we won’t compete on the pitch.

Cuthbertson is on the overseas quota too

I fear we will be left behind by Wigan Warrington and Saints as Peter Smith has said unless GH works some magic with investors.. watching with interest but I’m a bit worried tbh as I think we’re in stormy waters financially

A £4M loss in itself, whilst a lot of money, is far from terminal. Leeds have been profitable for quite some time now, so if I were GH I’d be trying to reduce outgoings a bit but not to the point where we recoup all that in a year or two. What really matters from a business side is that we return to profitability within the next 2 years (ie 2022 is profitable) and that he can get a bit of patience from the bank.

This is a hiccup, a pretty big one, but still a hiccup for Leeds. Other clubs might not be so lucky. Oh and he’s also going to play on how serious the situation is to appeal to the emotional side of the fans when they are trying to decide if they leave their money in this year.

Think you are forgetting the club has a massive debt already Batley. An additional £4m loss on top of that is a big concern.

I think the club should be more transparent about its finances if it is asking us to chip in. What are the current debts? Exactly what does a £4m loss mean, how is it calculated, what impact will it have? Are the players expecting to share the pain? What are the directors being paid? What financial actions are the shareholders taking? What dividends if any have they taken in the past? etc etc. I know some of this might be shown in past accounts, but that doesn’t deal with the future, and in any case most of us won’t know how to access this info. If the club can provide this info then I am sure many might be persuaded to chip in.

If Leeds get any further behind the other big clubs we can forget about making money!

Unfortunately in terms of the money for the new stands the club signed confidentiality causes so that info cant be provided.

With regards to the £4m loss over the next 18 months thats surely loss of gate money, cut in Sky money, loss of corporate and loss of fixtures generally plus the refunds on season ticket money?

Seems ridiculous to me that 10k members cant watch a home game in a 20k capacity stadium but we can all stand on a crammed narrow street in Soho with thousands of other people drinking the night away. But eh thats the mad world we are living in right now.

I would bet money on it Marty that the quoted losses include the planned debt paybacks for the stands, etc. Typical Hetherington basically with what he releases, to ensure accepted.

You have to wonder how Saints are run so well, on a much smaller catchment area, a new stadium, smaller revenue streams, and still spend on team resources. Their coach won't have come cheap either, unlike us utilising one guy for three roles.

There is no doubt the last few months, and ongoing for a period are going to have an hit on every type of business, and of course Rugby is really in the hospitality industry which is harder hit still. However, they have also had the luxury, and not quite about telling us, that they used the furlough scheme to the full. Considering the biggest cost of the club is the people, that is quite a saving, even without the revenue in.

St Helens have owners who have pumped in about £20m to build the stadium and to prop them up operationally over the past 10 years or so. They have no prospect of seeing any of that money again.
Leeds would be amazingly run by this metric if Caddick was so inclined. However over the past 20 years there hasn't been much need for Caddick funding, and as we know to rebuild the north and south stands commercial, albeit council-backed, funding was required.

This then is the key question, the club's owner has been happy to enjoy the prestige of the good times, and yes has at times used Leeds as a bank to provide cash to other parts of the Caddick empire, in particular, when it was co-owned, the union club. Hetherington and Oates also got very large sums a couple of years ago which are in theory repayable. Will they be willing or able to provide funding now that the club is in a very difficult position that might last for three or four years?