Short term cashflow

I can not see anything but a drop into the championship myself looking at the current form and dire situation at Salford.
Will the RFL come to help us ala Bradford will they fook.
They want Toronto in SL and will do all they can to facilitate that.
This is why at present SL means nothing to me.
There are only 4 clubs who can win it and the rest are desperately trying to get the other four places just to stay there.
We dont have the finances and never will to compete in SL with the crowds we get and the community model which has been set up.
I will carry on supporting and attending games wherever we end up but at present the only way we can survive is to sell assets and all we have are players.
I expect another player or more to go if and when we don’t make the top 8.

 Although not here I thought this was a great post and will do what I can along those lines, all the best to you and the club.

I’ve no reason to doubt you,in fact it’s what I’ve been waiting for,since we realised the calibre of who we were dealing with. What he appears to have are good legal and financial advisers.
If he has passed the debt to the club,he should be ashamed of how he is acting. I’m sure the fools at The RFL won’t have a clue how to deal with this action.

Maybe I’m missing something here.
The debt has always been the clubs,first the loans from JW , his pension fund and the Council/Peel. Subsequently from MK. This is the way it works, Chelsea had loans from Abramovich on their balance sheet for ages until he waived their repayment,years later.
MK is saying that he will write off what the club owes him,subject to certain criteria,so the club still owes JW and the earlier creditors which MK was effectively guaranteeing when he owned the club.
The CVA with the original creditors is surely not down to MK. He had nothing to do with accumulating that debt.
Andy Rosler negotiated the original CVA,I think,so he’s in a perfect position to deal with this.
I find it difficult to warm to Koukash,understatement, but I’m really not sure what he’s done wrong here.
As far as the RFL is concerned,this would explain the original delay in approving the new structure. They will have needed an update on the original CVA which must have been satisfactory

I think we need to agree to differ because,if he was personally guaranteeing the Club and the debt was the clubs,then effectively he was guaranteeing the CVA debt for as long as he owned the club. He doesn’t own it any more.
I really can’t see why anybody should think it fair that he should be expected to pay the old creditors. They incurred their debts with their eyes wide open.
Anyway,we’ll struggle to agree so let’s leave it there.
It feels weird to defend Koukash so I need a lie down 😂😂

It’s hardly a technicality that it wasn’t him that ran up a £3 million debt !
I really can’t usefully add to what I’ve already said

I can see both sides of this one to be honest. He's assured creditors that he'll pay it off (presumably whilst he remains owner of the club) but has now swerved it by stepping down as owner. As bonitared says once he doesn't own the club its no longer his debt. Sadly that's how it works in my eyes.

Getting the other £5m debt off the books will be a major boost going forward. I presume (hope) the CVA can be negotiated into reasonable terms but the longer the creditors get zero back I presume they will become more unwilling to give the club any more time etc to make the repayments. 

In terms of the current situation it's not a priority however it is obviously something that will need to be factored into the clubs accounts/business plan from next season onwards.