There is a 400k shortfall that needs to be found by end of year so we can still operate. Pay wages+bills etc.
Supporters taking there season tickets back and asking for refunds ain't helping!

That's how I read it, basically its saying total operating costs must be reduced by £400k to break even.

Paying of our debts is another matter completely.

No - that's not what it means; see my post above.

I mean this :-

"Having conducted a review of the whole business and in particular the finances of the club, it has become obviously apparent that the club is completely under capitalised at this time to the tune of somewhere in the region of £400,000. It’s no secret that the vast majority of Super League clubs all need significant investment and this is usually financed by wealthy owners."


When he says "under capitalised" does he mean to compete with clubs spending up to the full cap or is it needing to pay immediate bills/wages ?

That question is not answered in the information he's provided.

[url=http://lmgtfy.com/?q=what+does+under+capitalised+mean%3FTry this[/url - it might help.

Maybe its me who's thick but with Newmarket on the horizon could we not raise the money from an up front payment from the pending sale of belle view.

That is a good question, and the answer is not clear to me

It also doesn't say how long that capital covers. Are we saying we need £400k to take us to start of next season, or to when Sky money comes in, or till Christmas, or even just to get us through the next two months.

We don't own it - the Bank of Ireland do.

The ground is owned by someone else, not the club.

AG must be quite the biggest mug in history, letting the club get in such a state in such a short space of time.
Clearly put far too much trust in the abilities of JE.
Anyone who can run up a few hundred laurel and hardy or delboy and rodney t-shirts with their faces superimposed on might make a few quid.

We sold Belle Vue years ago we are just tenants.
We could try to renegotiate a better deal?
No doubt Elston had his sticky fingers all over the last one.

Sorry guys - my PC must be running out of hamster power. A bit slow today.