Perhaps replacing it with a financial fair play system similar to that which has been introduced in football.

That would at least prevent sugar daddy run clubs running roughshod over the rest of the league and buying up every top player they can get a hold of.

Isn't fraudulent trading illegal?

Yes it is. But what was described isn't fraudulent trading unless the company know they cannot or will not pay back the creditor.
That's different to having fewer assets than liabilities.
Most people who've gone into negative equity have fewer assets than liabilities, it doesn't necessarily mean you can't pay the mortgage.

What year was that?

Why what would Wally Lewis say?
I played 11 games alongside Wally Lewis at Wakefield Trinity and he loved every minute of his time with the team and in the city. I still speak to him regularly today and he holds a special place in his heart for the club and really wants to come back at some stage to do after-dinner speaking and catch up with the many friends he made.

The only way it didn't work out was that Wakefield even with Wally Lewis didn't avoid relegation that season but his influence and impact on the club is felt even today.

If you are referring to the supposed player revolt because of the money he was earning whilst it is true there were about three older senior players who for their own petty reasons resented the money that Wally was being paid that was the limit of it. It lasted about a week and those three senior professionals were put firmly in their place by the other players the committee of the club and Wally himself via his performances on the field.

To the poster who says that he was a c0ck, you obviously didn't know him and have never spent any time with him because he is anything but!

Must be great memories!

Wonder if you played at Belle Vue on Wally's debut. (Also Pter Sterling's debut for Hull FC). I can recall to this day the amazing roar when Wally made his first clean break!

Also saw him sent off at Headingley on Boxing Day for back chat. Recall Nigel Stephenson I think ushering him off the field. Wonder if Nigel was one of the 3? Wally said he would never play in England again after that - and he didn't!