Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 8:44 am  

Blue & White Dynamite wrote:

Think there could be a few new faces waiting on the tables in Roger Harveys coffee shop/restaurant in town perhaps?

When the RFL talk about expansion perhaps they mean sponsors restaurants

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 9:03 am  

The last accounts for Halifax RL for year ended 30/11/2010 again shows that the club "broke even" ..... quite literally. Exactly NIL profit/loss. The same as the year before. The accounts don't give much away because they're abbreviated. But you can figure out the profit / loss by simply looking at the balance sheet. It only costs a quid to have a look on Companies House website.

Strange ..... no matter how well we do we always break even. Maybe an anonymous sponsor / benefactor is "plugging the gaps"?.

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 10:22 am  

Without Widnes in the league, Leigh in financial trouble, and no one quite knowing the situation at Barrow, there's probably not as much money available to players as there has been in recent years.

Some may be lost from the Pro game, opting to earn a better wage with a "Day Job",

How many clubs next season are in a decent position to offer good money? and with more and more contracts seemingly been incentive based, players need to be looking at signing where they're more likely to win more games than they're gonna lose.

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 10:26 am  

Tony Fax wrote:

The last accounts for Halifax RL for year ended 30/11/2010 again shows that the club "broke even" ..... quite literally. Exactly NIL profit/loss. The same as the year before. The accounts don't give much away because they're abbreviated. But you can figure out the profit / loss by simply looking at the balance sheet. It only costs a quid to have a look on Companies House website.

Strange ..... no matter how well we do we always break even. Maybe an anonymous sponsor / benefactor is "plugging the gaps"?.

Profit means nowt, the net asset and cash position is key....

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 10:36 am  

Black, Greenwood, Jones, Nash, Watene, Clayton, Goddard. and co would have been on a good number and doubt Heaton, Reittie, Handforth are on the same. Also Fax have said the budget is less this year

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 6:11 pm  

wereutherein1987? wrote:

Profit means nowt, the net asset and cash position is key....

Not arguing, accountancy was never my main subject, better at English Law,
Please explain

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 7:26 pm  

Well, Fax don't have any assets and I can't see us needlessly sitting on a massive amounts of cash - it's a waste of working capital. So long as the cash FLOW is managed Profit is everything. Profit keeps you going into next year. Profit attracts investors. Profit is why I get out of bed every morning.

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 7:40 pm  

littlerich wrote:

Well, Fax don't have any assets and I can't see us needlessly sitting on a massive amounts of cash - it's a waste of working capital. So long as the cash FLOW is managed Profit is everything. Profit keeps you going into next year. Profit attracts investors. Profit is why I get out of bed every morning.

Exactly,
We don't own a stadium (asset)
We don't own players (asset)
The only way assets are of value is if you can sell them.
Look at Ratu, he had an Audi and sold it.
Unfortunately the company he hired it from were not impresed.

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 7:46 pm  

littlerich wrote:

Well, Fax don't have any assets and I can't see us needlessly sitting on a massive amounts of cash - it's a waste of working capital. So long as the cash FLOW is managed Profit is everything. Profit keeps you going into next year. Profit attracts investors. Profit is why I get out of bed every morning.

All I'm saying is profit can be great but cashflow poor, or profit poor and cashflow great, the 2 don't necessarily correlate.

Re: Anyone else worried about the Cap??? : Sat Oct 01, 2011 8:50 pm  

wereutherein1987? wrote:

All I'm saying is profit can be great but cashflow poor, or profit poor and cashflow great, the 2 don't necessarily correlate.

Yep - absolutely. Poor cashflow management is why a lot of businesses fail.