Are the Reds broke?

http://www.greenandgoldrugby.com/reds-running-the-red/

GnG rugby seems to think so.

Interesting read, management have a lot to do to try and steady the ship.
Not sure how much money will flow from the new deal, but they sure will still be in trouble financially if they do not get better results on the field as membership and sponsorship money will further decrease next year.