| FORUMS > The Virtual Terrace > This seems interesting |
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| Club Owner | 33944 | No
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| Mar 2004 | 21 years | |
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| Mar 2016 | Mar 2016 | LINK |
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9005.jpg
kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Rank | Posts | Team |
| International Chairman | 16250 |  |
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| Feb 2002 | 23 years | |
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| Feb 2020 | Feb 2020 | LINK |
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953.jpg
2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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With HKR expecting 2009 figures to boost their losses to a figure in excess of 1 million over three years.
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| Rank | Posts | Team |
| Club Owner | 14082 | No
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| Apr 2004 | 21 years | |
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| Feb 2017 | Feb 2017 | LINK |
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9857_1341488583.jpg
WEST COAST PIRATES
NRL expansion? Sometime soon, maybe......:d7dc4b20b2c2dd7b76ac6eac29d5604e_9857.jpg |
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| Quote: DemonUK "With HKR expecting 2009 figures to boost their losses to a figure in excess of 1 million over three years.'"
A loss some Sl clubs are close to making A YEAR! |
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| Rank | Posts | Team |
| International Chairman | 16250 | |
| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Feb 2020 | Feb 2020 | LINK |
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953.jpg
2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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| Rank | Posts | Team |
| Club Owner | 14082 | No
Team
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| Joined | Service | Reputation |
| Apr 2004 | 21 years | |
| Online | Last Post | Last Page |
| Feb 2017 | Feb 2017 | LINK |
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9857_1341488583.jpg
WEST COAST PIRATES
NRL expansion? Sometime soon, maybe......:d7dc4b20b2c2dd7b76ac6eac29d5604e_9857.jpg |
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| Quote: DemonUK "Thats OK then ![]()
not really but it does make me feel a bit better! 
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| Rank | Posts | Team |
| International Chairman | 16250 | |
| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Feb 2020 | Feb 2020 | LINK |
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953.jpg
2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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| Thats Hudgells second denial of problems, we all know what 3 denials mean don't we |
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| Rank | Posts | Team |
| Player Coach | 10446 |  |
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| Mar 2006 | 19 years | |
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| Oct 2024 | Jul 2020 | LINK |
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23655_1294867330.png
For the latest Giants News on Twitter first: [url=http://www.twitter.com/GiantsRLFans:29oobw8d]Click Here Now![/url:29oobw8d]
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| Quote: DemonUK "
why is it a problem? If he is happy with the debt and is underwriting it there is nothing to worry about.
Hudds are £5million in debt according to the balance sheet losing £1.7million in 2008 alone (massive underachieving year) but whilst KD is happy to underwrite it there isn't a problem. With him getting rid of HTFC we (Giants) are in a better position too (since he also owns 60% of the stadium company.
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| Rank | Posts | Team |
| International Chairman | 33727 | No
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| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
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| May 2022 | May 2022 | LINK |
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1034_1335734906.jpg
:d7dc4b20b2c2dd7b76ac6eac29d5604e_1034.jpg |
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| Quote: Wadski "why is it a problem? If he is happy with the debt and is underwriting it there is nothing to worry about.
Hudds are £5million in debt according to the balance sheet losing £1.7million in 2008 alone (massive underachieving year) but whilst KD is happy to underwrite it there isn't a problem. With him getting rid of HTFC we (Giants) are in a better position too (since he also owns 60% of the stadium company.'"
As long as you're relying on someone to underwrite the debt, there's a problem IMHO. |
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| Rank | Posts | Team |
| International Chairman | 16250 | |
| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Feb 2020 | Feb 2020 | LINK |
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953.jpg
2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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The majority of businesses are structured to operate at a profit or break even at worst.
Ask Gateshead what happens when the 'one' underwriting it decides enough is enough. What happens also if the underwriter drops dead tomorrow and their family no longer want to be involved in RL and the directors loans have to be returned.
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| Rank | Posts | Team |
| Player Coach | 4033 | No
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| Joined | Service | Reputation |
| Sep 2005 | 19 years | |
| Online | Last Post | Last Page |
| Mar 2014 | Mar 2014 | LINK |
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17532_1360839985.jpg
t:d7dc4b20b2c2dd7b76ac6eac29d5604e_17532.jpg |
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If you're happy for you club to be massively indebt, incur large losses each year and be underwritten by chairman/board members.
have a look at the recent history of gretna fc.
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| Rank | Posts | Team |
| International Chairman | 16250 | |
| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Feb 2020 | Feb 2020 | LINK |
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953.jpg
2015 - major missed opportunity, 2016 - stronger teams = harder task (no problem there then), 2017 - OMG What now!!!:953.jpg |
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Wish I'd found that, and who can say that isn't going to happen.
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| Rank | Posts | Team |
| Player Coach | 736 | No
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| Sep 2009 | 15 years | |
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I can really see at least one SL club going pop in the not too distant future. So many are reliant on shareholder/director funding and its not sustainable.
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| Rank | Posts | Team |
| Player Coach | 10530 |  |
| Joined | Service | Reputation |
| Nov 2005 | 19 years | |
| Online | Last Post | Last Page |
| Jun 2020 | Jun 2020 | LINK |
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18919_1341147656.jpg
[quote="King Monkey":30st820n]Maybe a spell in prison would do Graham good.
At least he'd lose his virginity.[/quote:30st820n]:d7dc4b20b2c2dd7b76ac6eac29d5604e_18919.jpg |
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Leeds made a tidy profit after selling the cricket ground.
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| Rank | Posts | Team |
| Club Owner | 33944 | No
Team
Selected |
| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Mar 2016 | Mar 2016 | LINK |
| Milestone Posts |
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| Signature |
9005.jpg
kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: The Nihilist "Leeds made a tidy profit after selling the cricket ground.'"
So what are they selling next year to make a profit ? |
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| Rank | Posts | Team |
| Player Coach | 10530 | |
| Joined | Service | Reputation |
| Nov 2005 | 19 years | |
| Online | Last Post | Last Page |
| Jun 2020 | Jun 2020 | LINK |
| Milestone Posts |
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| Milestone Years |
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| Location |
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| Signature |
18919_1341147656.jpg
[quote="King Monkey":30st820n]Maybe a spell in prison would do Graham good.
At least he'd lose his virginity.[/quote:30st820n]:d7dc4b20b2c2dd7b76ac6eac29d5604e_18919.jpg |
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| Quote: Starbug "]
So what are they selling next year to make a profit ?'"
They're not. They are debt free as it stands but the redevelopment of the South stand will send them back into the red. |
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