After we stayed up on the last day at Salford in 2001 (during the CVA) the only way the RFL would allow us to stay in SL was if Ted personally guaranteed, to the tune of £650,000, that we could complete the following season.

That was the time of the meeting when Toppo and the several others wanted to take over the Club - can't remember exact figures but I think it was around £150,000 they had to invest between them.

Hence Ted rejected their approach for the reason I mentioned in my earlier post - they hadn't the money to secure the future of the Club.

At the meeting when Toppo, Geoff Wraith and another tried to get Ted out
Toppo asked Ted outright how much do you want to walk away
Ted's reply was £650000!!

Correct-although i thought it was £120,000.

The £650k is a requirement of the RFL/SL i believe.

If that is the case Big Al, who is guaranteeing this now. Is Ted still doing this?

Your mother

now please for god's sake can't you just do one.

I have no idea, if i can get down to BV today i'll ask for you.

Despite the fact that rugbyball is a bit of a tosspot, she does have a point. If one of the conditions of SL is that you must be backed to the value of £650k, who is? And is that why ted is now so keen to relinquish control?
Fair question mrs rugbyball!

Thank you Catwoman, a straight reply.

Ok seems understandable, I would still think that SL would expect some kind of financial guarantee though that it's member clubs can compete for the season, after all it doesn't want clubs dropping out halfway because of financial problems or having to bail out crippled clubs.
It's not just us that seem to be operating at a loss, so clubs being bankrolled must still have to be able to guarantee coninuation in the competition if those backers do a Leighton Samuel!!

Or indeed a John Pearman!!!!

Does anyone know what our salarycap was for the last season? Just to compare.