Hopefully those that actually make decisions on this sort of thing won't retain a blinkered view. Rugby League has huge potential in the UK and globally if only the right things are done. Would Abu Dhabi have put their hundreds of millions into Man City if there had been a salary cap preventing them buying some quick success whilst their long term investments there start to bear fruit? The salary cap issue and its gradual removal is something that needs to happen to benefit the game over the next couple of generations - not a decision to be based on the likely whims of the current owners of a few current Super League clubs. The RFL as the game's governing body has a responsibility to the UK tax payer to do what it can to prevent loss of tax revenue via it's member clubs going bust and re-starting anew as a matter of course. Some sort of "tinkering" with the free market has to be accepted therefore. The salary cap is just the wrong mechanism. The tinkering should just involve the RFL requiring evidence that a player contract can be prudently afforded before it will register it. Pretty simple. If that means, for example, adequate share capital rather than loans that are repayable on demand, so be it. I suggest a club's player registrations would be automatically ok up to a total players' contract value equating to the amount of central funding provided to the club.

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!