,

I could be wrong - but i dont think from memory companies can go bankrupt,they can become insolvent,bankruptcy is for Individuals.
Either way it wouldnt surprise me in the least if the company (Spirit of 1873 ltd) becomes insolvent after our departure from super league.The new stand and associated debt/repayments i fear will actually become the millstone around our neck.

The bit i cant quite fathom and in fairness is the only bit of hope i have remaining with regards the financial stability when we are relegated is - surely the board know the above, so why allow this predicament to unfold,unless they have a solution/or there is a plan B.

We are not skint.
We are not rich.

Big difference.

We've been skint since the coal merchant died in the late 60's.

The latest set of accounts would say otherwise.

I guess it's a question of definition.
I'm thinking skint means we can't pay wages, rather than not having spare cash.

Either way, finances are always tough at Wakefield.

I don’t get to see the accounts … so my comment is a little blind and general…

However… there are very few businesses that are cash rich… once taxes, wages, overheads, loan interest has been considered, not making a loss is a major goal… indeed the liquidity of many companies is measured by their asset value.

If “skint” means we are not raising enough revenues to invest in the business , and become market leaders… then I refer back to my previous diatribes.