The most telling part

"...Leeds continued to haemorrhage money. The administrator's report does not make clear why that happened."

If the Ridsdale debts were written off, they weren't even paying people like the Ambulance service, they weren't paying the fat contracts to ex-players, they weren't even paying the interest on the new loans, where did all the cash go? Because 20,000 people every other week at £35 quid a head represents a lot of cashflow.

Posted By: Mahavishnu Creosote, May 30, 15:27:37