I assume based on the information provided that our monthly wage bill was around £100,000 based on the 1.2m cap indication. We receive I believe about £82,000 a month from Sky based on the estimated 1m each club received. This leaves a shortfall per month of £18,000 from which we have removed Smith and Woods. I assume the change of sponsorship did impact on our cash flow but with the cash we have received from sales of players surely we must have covered a large part of the initial £400,000 black hole.
We unfortunately do not know our current position because nothing is coming from the board now shame they did not adopt the same stance at the start. I am also surprised that we continue to offload players despite the fact that a possible life line with the supporters trust remains in limbo indefinitely. We were asked to buy season tickets to stop the players being sold which was never going to happen after the initial announcement but the Trust nothing and we continue to reduce the squad. Why the delay at this rate it will be if not already too late because nothing will be left to save.

Yawn

Your maths is purely about the first team and it may well be correct but the finance is about the whole club

I can assure you that the Trust and the Club are still working hard towards some sort of lifeline (as you call it). There have been many legal implications that need ironing out before this can be rolled out.
We appreciate it is taking a long time but we cannot do anything until we are sure that what we are doing is legal and will not backfire on the Club, the Trust or the Supporters.

Well I'm glad you are not the accountant.
I'm thinking we possibly need to pay some other costs besides 1st team wages.

A little too complicated for you or is it past your bedtime. I could make it easier, how about if you have 10 coins and you lost 8 how many would you have left.
These are important times so I would suggest you may want to take a bit more interest before the only thing you will be yawning at will be our performances next season.
I am far too charismatic to be an accountant and I think our overheads have been trimmed somewhat in the last few months. The board was sadly too good at telling us how much we owed but now nothing.

With unpaid bills still arriving it seems the previous CEO followed a similar path when it came to running the club. Funny that.

Just to add to what Fordy has said we still have a few loose ends to tie up and we will be calling a Public Meeting very soon.

As he has said it has been a minefield and ensuring that what we do is legal and above board and not subject to any legal challenge is paramount.

We have been working closely with Supporters Direct, their consultants, their legal advisors and our own lawyers which unfortunately has taken far longer than any of us anticipated.

Thankfully we are almost there.

FAO of James Elston aka Agent XIII

You were a below average and undersized national league player and as a member of the back room staff you were if it's possible.... even worse, Lets face it, RL is just not your cup of tea

For the last time you can question the direction of the club without having an axe to grind. I base my opinions on what I see and read and without any inside knowledge. I don't have to be James Elston to know that currently we have sold or are looking to offload 7of our first team squad and signed one young player released by Leeds and then released by South Sydney.
If I was who you said I was then do you think I would bother to take interest in the train crash that is currently Wakefield Trinity. In conclusion I am not James Elston, I have never played RL at any level nor have I been involved in the administration of any club.

Hi Sarah

.... and yet here you are telling all and sundry how to do it.

Smoke screen, thats all it is.

It takes the focus off the previous wasters.

What would I know about running a RL club compared to a car dealer and an accountant from a bus company. Silly me what am I thinking you are correct of course we should accept everything they do because their sports experience is invaluable.

I think we've all got the message - you don't like Michael Carter for whatever reason.

You really are getting tedious now though.