Great summary Tx, and you're not wrong about the misleading nature of some of the annual report figures.
But, still two points remain: there is money in the bank - $2.5m of which $0.4m is earmarked specifically for international teams. And, the total of $0.05m that is going to brought in through this move is inconsequential in the overall scheme of it.
As I've said in previous posts, you've got to wonder whether this is a philosophical move - that more money should be sourced from youth international players - or a move made out of necessity - that more money must come from youth internationals.
I still don't see that the financial straits are so dire that must can be the answer.
If it is, then NZF haven't made that point at all.
I think if your average operating loss over the past two years has been $0.6m and you have $2.5m total equity then it's not too soon to be talking about a financial crisis. The money is running out fast.
I agree that there simply hasn't been enough discussion about other options though. Not publicly anyway.