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FORUMS > Leeds Rhinos > O/T Hull KR in trouble ?
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Quote: AdmiralHanson "
Quote: AdmiralHanson "Some lazy reporting from a sports reporter ...'"


It's the BBC, who haven't had a Rugby League story on their site for days.'"


Its their 5th in less than 4 days by my reckoning.

Not bad for this time of year.

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Quote: Old Feller "I merely asked a question. That's not idle speculation.
My sole intention was to bring this matter of common interst to the Superleague to the attention of folk who may not have seen it & is a follow up to previous posts on similar matters on this very site.
Are your views on this brought about because the site receives advertising revenue from Mr Hudgell?
Pressure doesn't sit well with me.
The whole point of sites such as this is to allow fans and supporters of the game to express their own points of view as long as these are not libellous or illegal in any other way.
I hope the debt, like Leeds' was when GH took over, is manageable & that HKR emerge even stronger from it. They clearly need a larger stadium to increase their potential revenue.
Late reporting always sounds alarm bells in my mind.'"


Don't be so touchy, you're perfectly entitled to ask a question but if it gets answered in the negative rather than agreeing with your viewpoint then simply accept it rather than foot-stomping.

As for whether or not Hugdell bears any influence on this site by his sponsorship, I haven't a clue although I am party to certain discussions on a board that mere mortals cannot see and I do know that the admins are adamant that no undue influence occurs - the fact remains that Hugdell is a solicitor and he has already taken a lot of personal flak over his association with HKR from FC supporters and has had good cause to threaten legal action in the past when stupid people say stupid unsubstantiated things about him and his company and/or financial arrangements and/or accounting practices.

Its also opportune to remind users that RLFans is not a public forum, its not owned or funded by the invited users and the admins work very hard to keep it financially viable from their own resources whilst at the same time leaving themselves wide open to legal actions for anything that is allowed to remain on these sites that could be even construed as damaging to another party - the BBC don't have to worry too much about such legal crap but the admins here do and personal opinion goes out of the window when anything even slightly dodgy appears.

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Kick his @ss sea-bass icon_wink.gif

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Mr MF I do beg your pardon.
But what I asked out of genuine concern & with no malicious intent is as nought compared to what is on the Hull KR site.
I do take on board your well made & pertinent points about the running of this & other RLfans sites.
Merry Christmas

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Quote: Old Feller "Mr MF I do beg your pardon.
But what I asked out of genuine concern & with no malicious intent is as nought compared to what is on the Hull KR site.
I do take on board your well made & pertinent points about the running of this & other RLfans sites.
Merry Christmas'"


Please. please, do not compare us to either of the Hull forums icon_lol.gif

I may venture over there to view the chaos before someone gets prodded into doing some cleaning up.

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Quote: Old Feller "Mr MF....I do take on board your well made & pertinent points...'"


Whooooooooah there!

Everyone knows he's half senile* and probably smacked out of his brain on Irn Bru by now!




[size*I mean, he hasn't even provided a link to the NORAD Santa tracker yet this year - I had to search for it myself earlier.[/size

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Quote: McLaren_Field "Its also opportune to remind users that RLFans is not a public forum, its not owned or funded by the invited users and the admins work very hard to keep it financially viable from their own resources whilst at the same time leaving themselves wide open to legal actions for anything that is allowed to remain on these sites that could be even construed as damaging to another party - the BBC don't have to worry too much about such legal crap but the admins here do and personal opinion goes out of the window when anything even slightly dodgy appears.'"


And a very good job you do too.

I may not post here very often but I drop by to browse occasionally and it is definitely one of the best fans forums around in any of the sports I follow.

Keep up the good work and a very Merry Xmas to yourself, your fellow mods and all sports fans everywhere.

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Quote: McLaren_Field "Some lazy reporting from a sports reporter and some idle speculation that we should not partake in, given that Mr Hudgell has complained several times to the admins of these sites about similar idle speculation on other boards.

Reading to the bottom of that article it would appear that its a manageable debt, which is often the case in many, many company's, including the Leeds Rhinos those few short seasons ago...'"


Hmmm, how is it manageable when they lost £450,000 this year to go on top of the £3.2 mill they are in debt, with £2.2 milllion having to be repaid in 12 months?

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Quote: World of Redboy "Hmmm, how is it manageable when they lost £450,000 this year to go on top of the £3.2 mill they are in debt, with £2.2 milllion having to be repaid in 12 months?'"


All debt is manageable, especially when the directors have indicated that they are prepared to underwrite that debt, which is what the article says.

I wouldn't place too much emphasis on figures quoted from a BBC sports reporter anyway, they are more used to exaggerating the size of contracts and transfer fees than to bother to stop and read balance sheets and profit & loss accounts.

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True, unfortunately those debts are actually showing on the latest filed accounts

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Having read through the various posts I'd like to ask a few questions. Could KR just declare themselves bankrupt/go into recievership and just clear there debt? (like the London Broncos did a few years ago and start under a new name/ltd company) I mean I know they do it in fussball all the time. I know teams there get deducted points but do the rfl have anything in place to prevent this with the license system? Deduction of points with no relegation seems a option to teams in SL that maybe struggling.

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Quote: Dodgy Dave "Having read through the various posts I'd like to ask a few questions. Could KR just declare themselves bankrupt/go into recievership and just clear there debt? (like the London Broncos did a few years ago and start under a new name/ltd company) I mean I know they do it in fussball all the time. I know teams there get deducted points but do the rfl have anything in place to prevent this with the license system? Deduction of points with no relegation seems a option to teams in SL that maybe struggling.'"


They would end up straight back in the Championship and would have to wait until the next round of franchises (2015) before applying again.

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Fair enough eusa_silenced.gif eusa_silenced.gif

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Quote: Dodgy Dave "Having read through the various posts I'd like to ask a few questions. Could KR just declare themselves bankrupt/go into recievership and just clear there debt? (like the London Broncos did a few years ago and start under a new name/ltd company) I mean I know they do it in fussball all the time. I know teams there get deducted points but do the rfl have anything in place to prevent this with the license system? Deduction of points with no relegation seems a option to teams in SL that maybe struggling.'"


Going bankrupt would not help the club as I would guess the debt is owed to the directors, not a bank. As I couldnt see any bank lending to a superleague club year on year that is losing money unless they are borrowing the money to buy an assets like saints have done with there new ground (Which there not). The team have very little assets as they dont own there ground unless you include the players but they are an intangible assets and should not be included under the companies act and accounting standards as they have no set value and at the end of the players contracts they can walk away for nothing. The only way the investors would get the money back is if a buyer was found that was willing to pay goodwill for the players and the brand name.

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Quote: World of Redboy "Hmmm, how is it manageable when they lost £450,000 this year to go on top of the £3.2 mill they are in debt, with £2.2 milllion having to be repaid in 12 months?'"



I believe Hull's debt of a few years ago was well over £2.5 million and they seemed to be trimming that down without the succesful local buisnessmen and multi millionaire vice chairman that HKR have on board. It must be remembered Rovers have spent a lot of money on the ground ( since promotion) and the pitch, floodlight improvement and two stand extensions.

But thanks for your concern icon_biggrin.gif

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