I agree the coach is an unnecessarily cheap option, but I'd settle for FC's balance sheet (which shows half your level of debt), 5 years of profitability, and independent credit rating over yours any day. Admittedly you've made some great investment decisions, though, like the £50,000 Hudgell said was spent on Saltend facilities.

As for ripping the fans off, that'd be charging £60 for a 2010 membership scheme in July 2009 that according to your chairman the fans don't understand, wouldn't it? Or ordering a £5 pair of socks from your website and automatically having a basket total of £10.50 - £5 to post them (a pair of socks! ) plus a default donation you have to opt out of.

Anyway, playingwise we're both on zero points, aren't we?

Sweet baby Jesus and the orphans.
So does the Balance sheet show a credit balance of exactly the same value as the asset for the players? And do you know if they re value this each year or if it remains constant? Just curious from a financial / accounting point of view. thanks

Revalued each year. So this year debit assets =+162,500, credit revaluation reserve (capital and reserves) +162,500.

The revaluation reserve includes both the player valuation plus a revaluation of tangible fixed assets.

I realy do get depressed when I see this argument trotted out every time the game out side the M62 is talked about Why wont the flat cap brigade see that if we do not expand the game is dead Wales & London are vital to our continued existance we should be asking for more clubs from there not abandoning 30 years of effort in London. What is the alternative a retreat to the clubs of the 1900,s? The report shows that non of our clubs are in good health even Leeds & FC are not imune from a shortage of cash. How long do you think this game would last if we lost the expansion clubs? SKY would pull out & they are the only real source of income we have. Union would snap up most of our players as League would have to revert to semi pro. Not expanding & spreading has not been an option since 1995 when super league went full time professional. It is no use looking back with rose tinted glasses this game was on the verge of bankrupcy untill Sky stepped in we had had 100 years to get it right & failed. We will not be allowed another 100 years we have to get it right or die.

Still a better one than losing £1/2m every year though isn't it?

You are clearly afraid.
Very afraid.

I'm not against expansion, and as said I think Catalans is fantastic. If London's gates remain at 3kish after say 60 years and another assortment of people trying losing money on it, do we still continue? I just think the importance to Sky of London in the competition with embarrassingly low attendances is overstated. If without London there is no Sky money, then clearly it's something that needs to be continued otherwise there is no sport, but using the criteria of the last round of franchises they must be borderline.

It can also help boost a company's credit rating

I wouldn't have thought the playing staff of any club had a residual value, it's not like football where transfer fees are the norm. In RL there are very few players who actually move for a transfer fee.

In a way the playing staff should be classed as a business liability as if a club gets to the point where it would need to cash in this asset it would more than likely just let the player go just to get the wage bill down.

Oh dear.

If only Vince was here to sort this mess out for us.