I know i shouldnt be worried because Rhino is an experienced coach who knows the rules but this squad just seems too good to be true whilst staying under the cap

Well, our net position is £14m in debt (albeit to our US parent company) and we're still a going concern. Staggering.

Quote ="littlerich"Well, our net position is £14m in debt (albeit to our US parent company) and we're still a going concern. ">Staggering.'" As long as your US parent company states they will not withdraw their financial support indeed you can be classed as a going concern. I wonder who our club's creditors of £130k are? Seeing that the amount of debt is the same as last year they must be "nice" ( icon_smile.gif" alt="icon_smile.gif" title="Smile" /> ) creditors who don't want their money (yet!) .... the directors perhaps? But the likes of Bubba would argue it's money we owe for the rent!

Quote ="littlerich"Well, our net position is £14m in debt (albeit to our US parent company) and we're still a going concern. ">Staggering.'" As long as your US parent company states they will not withdraw their financial support indeed you can be classed as a going concern. I wonder who our club's creditors of £130k are? Seeing that the amount of debt is the same as last year they must be "nice" ( icon_smile.gif" alt="icon_smile.gif" title="Smile" /> ) creditors who don't want their money (yet!) .... the directors perhaps? But the likes of Bubba would argue it's money we owe for the rent!

We do indeed have an annual comfort letter which is requested by our auditors. I reckon the creditor is Hilda icon_smile.gif" alt="icon_smile.gif" title="Smile" />

We do indeed have an annual comfort letter which is requested by our auditors. I reckon the creditor is Hilda icon_smile.gif" alt="icon_smile.gif" title="Smile" />

Quote ="littlerich"We do indeed have an annual comfort letter which is requested by our auditors. I reckon the creditor is Hilda icon_smile.gif" alt="icon_smile.gif" title="Smile" />'" Nice to see your "job security" hinges on a piece of A4 paper saying the 14 million is ok, dicky icon_smile.gif" alt="icon_smile.gif" title="Smile" />

Quote ="littlerich"We do indeed have an annual comfort letter which is requested by our auditors. I reckon the creditor is Hilda icon_smile.gif" alt="icon_smile.gif" title="Smile" />'" Nice to see your "job security" hinges on a piece of A4 paper saying the 14 million is ok, dicky icon_smile.gif" alt="icon_smile.gif" title="Smile" />

It's been like that for nine years. I love that piece of A4 paper!! (Actually, it's not A4 - the yanks use weird paper sizes)



Mind you, I'm very talented so I'm sure I'd walk into another job lickety split.