Quote: Marshy1 "Granted, that the bulk of liabilities are probably made up of by the directors loan accounts, but the you have to ask why is that figure increasing, the answer is easy the club doesn't generate enough of it's own income.
That makes it a very difficult re-saleable item, after all who want's to repay another directors debt without the posibility of a return on capital input.
Put simplistically Salford as with many other clubs need a "Roman Abramovich.".......Not seen many of them down weaste recently.!!'"
i'm not sure whether that figure is increasing year on year as i haven't seen the accounts but i can only assume that if that is the case then it is the result of the directors investing in the club, playing staff and the youth development in schools etc (probably the best sales and marketing pitch we'll ever have) whilst effectively subsidising the cost to the fans who come through the gate. At the end of the day, i'm sure fans of every club would prefer its liabilities to lie with it's directors in the form of non repayable loans rather than high risk bank loans secured against their ground.......
As for a "Roman Abramovich", i'm sure every club would love one but no one buys a rugby club to make money, most do so as they have an affinity with the club and want it to succeed/survive. i think it was Milan Mandaric who once said something along the lines of, "owning a football club will make you a millionaire, you just have to start out as a billionaire"
