The first set of publicised accounts early last year showed a £1.2m loss. It can only be much worse than that now.

The way the club has been run! I'm surprised there were some books to look at

'Under-capitalised' by 400k doesn't mean 400k in debt; the sale of Smith and the restructure at the top will go a long way towards solving that in the short term.

No need to make it sound any worse than it is.

If the reshuffle, playing budget cut a little and some investment is found I'm sure we can start to work our way forward out of debt and thrive.

Smith is a financial casualty in the situation that had to be made. And rightly so too.

Lets kick on now. Sell cockayne if Hull Kr still interested and sign up Kay to fill his wing spot. If cockayne is to stay ill back him but he needs to work on his defence and challenging kicks.

Apparently Cockayne was in talks with KR but coulden't agree on a deal.

If that's the case then fair enough.

Not even as Coach ??

He will go mate

Good, if it will mean Kay will get the spot.

We do have Kay or Lynne and fox for wing spots unless Kay is pencilled in for the halfs.

Lets be fair though. Cockayne has been good for us for the main part and has done his job well.

It's quite unfortunate he's had a tough second half of the season and his defence has outweighed his attack in the negative. But I think we would all wish him well.

whats happened to all the money from player sales going in to the pot to sign new players as he quoted in wakey express if the club is 400k in dept, j,e is just a lier needs sacking,

You prove the point though Clan.
The role should be filled by best person for the job. If it's an ex player all well and good.

But there you have the real dilema

Where do you find somebody qualified to run a business designed to lose money ?

We hear time and time again,( I questioned the very same on here when Andrew Glover was being lauded as the saviour ) how this successful businessman who employes hundreds of people and has a turnover of millions will ' know what to do '

They don't

Are Chelsea a successful football club?

Are Chelsea a successful business?

Well. . . Erm

JE has gone.......I didn't think there was going to be a third chance.
I did suspect that his sudden silence on twitter did confirm this but someone else who has also gone confirmed this to me......