RL rules on debt
I’m not sure what the rules are, about how much clubs can go into debt are.
But it’s been announced that Saints lost £1.3 million last season, and Wigan weren’t far behind, losing £1.1 million.
Arent the RL supposed to monitor clubs finances to make sure they don’t get into a lot of debt.
l thought the last time a club got into debt(Wigan?), they announced they were going to check clubs finances every month, so it wouldn’t happen again.
These top clubs are lucky to have rich benefactors who will keep bailing them out year on year. Unfortunately many clubs don't. Still, as long as they can keep sticking their greedy noses in the SL money trough, I doubt they care about huge losses and I doubt the RFL gives a rat's arse either.
It's the salary cap that's checked every month.
So as long as clubs keep within the salary cap, they can go into as much debt as they like. That sounds about right for the RL.