If Omar's statement has merit then this is the most significant announcement for months.
It assures us that funds will be in place to spend to the cap despite possible restrictions on contributions from central funding (including SKY money)
What players are available & who we sign is for others to decide - at least we now seem to have the money to start the rebuilding process in earnest.;

Out -

McKinnon
O'Carrol
Manu
Ellis
Moa
O'Meley
Sharpe
Martin
Turner
Lyne

And possibly Aspinwall and Mcgoldrick also going.

So how are we over the cap?? Only confirmed signings are Ellis, Arrundle and Holdsworth.. And we brought Pitts and Watts in early.

The income is still the biggest variable, how many fans turn up and how much they're prepared to pay. Omar may be prepared to spend the cap but if his assumptions on gate receipts prove to be over optimistic he'll need to find the money to make up the difference. Its still the same problem Hood had.

I retract my statement .

I didn't think there where that many leaving hull, I knew about moa, but that is a large chunk of players going, then again similar to bradford these past season

But their shouldn't be as many outgoing costs now either.

A valid point as far it goes (and I agree) but we are talking about a single source of income here.
It matters not a whit that we can't see at this time the overall income streams that Omar might have in mind to ensure that we can pay salaries up to the SL Cap.
That he says he can is a huge step forward.

The model for Odsal and the Bulls needs a radical change towards commercial sustainability, something which both Caisley and Hood fell lamentably short.

We've heard plenty of comments in the past about paying up to the cap, which I've always taken with a sackful of salt.

I just can't see how anyone could predict next season's gate receipts and season ticket income within a margin of error of at least £300k. Without a major market research exercise, which would be costly and time consuming, it's anyone's guess what the optimum pricing structure will be, how big a price increase the fans will tolerate.

We don't know how much cash Omar has in reserve or could call on if the club's income falls short of his forecasts.We do know that he isnt Roman Abramovich. We also know that he has plans to expand the commercial side, but those plans will not work overnight.

It would be entirely understandable if he maintained some flexibilty over the players salary budget, at least until he's seen how season ticket sales go. Perhaps foolhardy if he didnt.

I do agree with what you say, though I feel that, perhaps, it would be even more foolhardy to go into a season ticket sales period [isaying[/i that you don't intend to be competitive?

We definitely need to retain as many of our currently contracted players as possible and recruit more to cover the losses if we are to be truly 'competitive', but this will be very difficult given that, even if we get an immediate go-ahead for SL, the available players will have been picked over. They have already, in fact. Truth is we are unlikely to have a team as good as this season's has been and the longer it takes the RFL to get their back-ends in gear the harder it is going to be, but these are not the sort of things the wavering fans are going to want to hear - as I'm certain OK will know already.

The situation is ridiculous at the moment; the RFL are getting brickbats for 'overhelping' us whilst, in fact, they are currently strangling the club with indecision before it is re-born.

Shooting the admiral was not indecision...

...and not just messing us around, what about Championship clubs who are being told apparently to get ready for SL? Time for the RFL to get a bloody move on and clarify what's happening next year and subsequent seasons. The longer they leave it the less integrity the league will have.

Oh abso-bloody-lutely, Bullseye. I admit to being a bit one-eyed (like any fan) but you're right we shouldn't forget many others are involved.

Now I'll get back to trying to work out who Adey's admiral is....

But the more any other owners giving any consideration to the administration route will see the way your club's chances of being competitive again in the foreseeable future will probably be totally stymied, maybe the less likely they will be to consider that route? The reported issues at several clubs now...ones that unlike us HAVE been sugar-daddied, hence they are still hanging on, but whose sugar daddies are being heavily outgunned by the sugar mega-daddies (as I warned would happen ages ago), must be scaring the RFL shìtless? Foundations of sand and all that... but at least by seeing what is being done to us I guess any other club owners will bound to be having second thoughts if they were considering insolvency? Except, that presupposes they can keep on paying the bills forever...

Foundations of sand. You got that right. If they can't keep paying the bills though the RFL strategy starts to fall apart. Could be some interesting times ahead.

As for us. By making an example of us the RFL seem prepared to let the livelihoods of people hang in the balance. Meanwhile other clubs don't know what to plan for.

A great way to run the game!

*** WARNING *** Oxymoron alert *** WARNING ***

Well indeed. Your other post pre-supposes the RFL do have some sort of strategy for dealing with the whole "game is broke" scenario and aren't just making it up as they go along while praying it will all sort itself out and we can go on pretending all is well.