Quote: Saddened! "There are far too many creative accounting methods to get around that. You would get Moran invoicing 'Moranovich Holdings PLC' for £5,000,000 a season for consultancy services, thus falsely inflating the club's profits.
Any reward for income, size, success or finance just makes the problem worse. If you let the strong spend more, the strong become stronger. If you limit the weak, they can't improve.
Given the financial performance of the clubs in Super League, there is a good arguement that cap is too high currently. When clubs like Wigan, Warrington and Saints can't make a profit, what chance do the likes of Salford, Wakefield and Cas have?'"
Just because the profit and loss account says 'loss', it can be rather misleading to say Warrington did not make a profit last year. Firstly we wrote off all the 'image rights' liability and secondly we wrote off a chunk of the value of the stadium (depreciation) to the profit and loss account (we have already paid for the stadium, depreciation is an accounting tool).
If you subtract money going out of the club versus money coming in, we were positive.
However, I would have to agree with your sentiments in general. A salary cap, if operated properly, should limit the ability of wealthy clubs / owners to cherry pick all the best players and coaches. Much as the Wiganers may have enjoyed their string of CC wins, it made the competition boring for other fans and spectators.