Summary
LESS than 12 months ago Freddie MacLeod was assuring everyone that the three pro-teams were safe for three years, but this rash statement was proved a horribly hollow promise after Friday's unwanted but not entirely unexpected news.
"One could argue that action ought to have been taken long before now," said the SRU's chief executive Gordon McKie, proving himself a master of the understatement as he reacted to his own findings that outgoings will outstrip income by a whopping GBP 3m next year.See the full content of this document
Extract
Sru Is Holding Out for a Hero
At the meeting to announce the inevitable cutbacks, McKie was unable to say the word "financial" without following it very swiftly by the word "mismanagement". After posting a loss in nine of the last 11 years he has a point. The net result is an overdraft of GBP 23m, interest payments of GBP 1.5m per annum and th...
See the full content of this document
Sponsored links
