Just reading it now and it makes horrendous reading.

I'll post the full report later but total debt liabilities owed by Marc Green and Steve Ferres £2,200,000.

I can't wait

Unsecured creditors only £1m though. Hmrc at £400k and isc at £215k the only 6figure creditors, apart from MG himself. And we were debt free 2years ago. And as I said yesterday. PBC estimated fees £220k

So MG is claiming over half the debt is to himself, which seems absurd, on the face of it

What the f**k has he spent all that on? Unbelievable.

Administrator paid at £377 an hour. MG owed £750,000 in directors loans. St Helens and Leeds Rhinos owed money.

Why for Saints and Rhinos? Any reasons given?

What is interesting in the administrators report is that the administrators managed to save £132,000 from a third party believed to be Marc Green. This money along with a loan of £25,000 from the RFL paid the November wages.

Even in November with player departures the wage bill was £182,000. Steve Ferres and later Stuart Duffy have serious questions to answer over this.

Why Duffy?

Isn't Duffy simply a player welfare manager/football manager

Does he have access to finances or even make financial decisions?

I always thought not.

All the players leaving would be due pay for November

Sounds like Green really screwed us - I hope he doesnt get away with it

Makes sense as I'm sure contracts run from 1sr December to 30th November

Player departures won't have been in effect for November's wages. They would have been for December's (which weren't paid).

The figures are roughly what I'd have expected TBH. You can rabbit on all you want about "cloth cutting" etc. but Green bet the ranch on promotion and failed twice; the first time was the hole around the waterline but we managed to keep the boat going. The debacle of 2016 in losing to Fev though was clearly the final torpedo. I said at the time I couldn't see how we could recover from that, because it meant that not only would we be only left for another year with Championship funding (and a poor 5th place at that) but also we suicidally lost out on the big playoff games, notably home to the Rhinos.

Thus our income dried up very unexpectedly and our outgoings remained 100%. I am not for a minute arguing that the accounts show total financial competence, (I haven't seen them), but surely spending a couple of million to aim for SL is the sort of thing the fans all insist on?

Had we got to SL then we would have been able to cover this sort of shortfall and had we got to the main playoffs and the MPG we would have IMHO survived.

I'm no massive Green fan but really, what did you want him to do, sack half the players mid-season, go part-time and settle for lower-half mediocrity so we broke even? Would everyone have been happy with that? Green may not be a financial genius but this money all went on chasing the dream, and was a huge gamble, which should have paid off at least to the tune of the main playoffs, but the team let him down. He also said plainly from the beginning that he was in no position to pump money into the club, yet clearly couldn't help himself and one way or another has done.