One thing I will say about HKR is they are not actually losing 500k a year as that money is being covered by its backers. If they wanted to break even they could slash the playing budget but the backers have agreed to keep dipping into their pockets to put out a competitve team (well most years!). Ideally we would be break even without their donations and hopefully the new stand and some new initiatives will see us head that way before the backers run out of money!

As a sports club true , as a real business untrue ,

Just picking you up on your lies and strawmen.

they are a sports club?? Leaving that blatantly obvious fact aside, I know plenty of businesses that dip into cash reserves or whose creditors fund shortfalls during difficult times, just ask the American financial institutions!

So a ' Charity ' then

So have HKRs owners ' written off ' the money they have supported the club with , or is it in the form of a directors loan ? , there is a difference , I am sure the American financial institutions expect their money back , with interest

I think sports clubs are in a category of their own in terms of customer loyalty and funding models. Probably directors loans but unlike traditional financial creditors the directors are first and foremost fans of the club and very unlikely to cash in the chips.

Almost impossible because there is no cash to ' cash in ' with , so HKR are losing £ 500 K per year , dont try to pretend otherwise

No they aren't, they are breaking even on the P&L statement. Just that 500k of their income last year came from two directors pockets not sales. At the end of the day if the well dries up then the club will need to cut its expenditure accordingly.

Why is everybody trying to be ' smokey ' these days

It really is sad

Does anyone know the detail of the meeting at Cas last night ?

rlSeason ticket and Membership launchrl

Interesting comment from Ferres:
"As a result, licensing requirements are being relaxed to enable clubs to explore different routes to ensure they achieve Super League status;"

As I read it they're 'temporally' relaxing ground standards, which would seem sensible if we hadn't had a basin full of the RFL shifting the goalposts on SL qualification in the past.

As I've said before, this 'make it up as you go along' approach by the RFL does the game's credibility no good at all.

All the RFL has to do is scrap licensing, introduce 1 up 1 down promotion/relegation between the leagues, scrap the salary cap, fixed penalties for going into Administration & going bust - and then just step back and let the clubs get on with it.

BTW, I seem to remember the Chancellor saying in 1992 that the UK's exit from the European ERM was 'temporary'. Turned out to be permanent in fact.

They've relaxed financial standards too by the looks of things. Can't lose those "iconic" clubs now can we?

I respect the rfl for adjusting there rules to fit the financial climate. Getting funding for new stadia must be almost impossible at the moment. Not something they could have foreseen. But hey lets just slag them off anyway.