| 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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| International Chairman | 16250 |  |
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| Feb 2002 | 23 years | |
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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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| 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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| 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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| International Chairman | 16250 | |
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| Feb 2002 | 23 years | |
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| Feb 2020 | Feb 2020 | LINK |
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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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| 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 | |
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| Feb 2002 | 23 years | |
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| Feb 2020 | Feb 2020 | LINK |
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| Thats Hudgells second denial of problems, we all know what 3 denials mean don't we |
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| Player Coach | 10446 |  |
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| Mar 2006 | 19 years | |
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| Oct 2024 | Jul 2020 | LINK |
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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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| International Chairman | 33727 | No
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| Feb 2002 | 23 years | |
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| May 2022 | May 2022 | LINK |
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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 | |
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| Feb 2002 | 23 years | |
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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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| Player Coach | 4033 | No
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| Sep 2005 | 19 years | |
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| Mar 2014 | Mar 2014 | LINK |
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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 | |
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| Feb 2002 | 23 years | |
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| Feb 2020 | Feb 2020 | LINK |
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Wish I'd found that, and who can say that isn't going to happen.
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| Player Coach | 736 | No
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| Sep 2009 | 15 years | |
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| Nov 2009 | Jan 1970 | LINK |
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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 |  |
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| Nov 2005 | 19 years | |
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| Jun 2020 | Jun 2020 | LINK |
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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
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| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Mar 2016 | Mar 2016 | LINK |
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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 | |
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| Nov 2005 | 19 years | |
| Online | Last Post | Last Page |
| Jun 2020 | Jun 2020 | LINK |
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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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