Quote bellycouldtackle="bellycouldtackle"2012 accounts show that SL clubs between them lost £ 8 mil with only Leeds Wigan and Catalans showing any profit, so just how badly run are the other 11 clubs, [uwell we now know just how badly run our club has been having lost £ 1.2 mil in Glovers first year and I think Chris Beerton suggested at the last fans meeting that our 2012 accounts would show a loss in the region of £ 500,000.[/u So well played Glover excellent work ... not.'"
Whilst we obviously need someone towards whom we can direct our spittly indignation, the figures you quote without context clearly don't tell the full story.
Andrew Glover took over the club in February 2011. He honoured the season tickets that had been purchased to that point in time, the club saw no benefit from merchandise that had been purchased up to that point either, and he also took on some of the historical debt the club had incurred. The 2012 season, IIRC, saw the construction of the roof over the north stand and part of the western terrace. If the accounts for these 2 years reflect the loss of income and expenditure, then I'd say we've done a damned sight better than many SL clubs in far more enviable positions than ours.
Some of those costs he may have borne himself. Others will have been converted into directors' loans. Either way, to throw it all at his doorstep is a little unfair, IMO.
I agree with you that RL is not something that any "investor" would consider to be a profitable investment, and like you, I see no reason either that with a move to a new stadium, this club could not be self-funding, or better. Belle Vue offers limited opportunities for generating additional income beyond match days. To operate at break-even or a modest profit out of Belle Vue would be a massive achievement, and down to a large degree of luck. Modern facilities just off the M62 will be far more attractive, and sponsorship revenue should increase considerably too, with the better opportunities for advertising they offer.
In the meantime, it's up to the supporters. If we get that one-in-a-million sugar daddy, then great, but simple maths says we won't, so the problem is ours.