FORUMS > The Virtual Terrace > Hull KR's debts |
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| Quote: dally messenger "hey if you dont think craven park is good enough, they could always play at the KC, given its a community stadium
imagine what their crowds would be then.'" They were offered a place at the time. Unfortunately they had to decline as their fans couldn't afford the bus fare to get there.
But hey, good argument!
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| Quote: dally messenger "the flats were built when 70s / 80s?
BV looks a dump on TV.
go back to the franchise bids. wakeys winning bid was on the promise of a new ground. clearly the RFL dont see any SL future for them in BV.
so disregard my opinions.
the RFL wont extend their license next time round with no new ground in sight,
failure to grow crowds and poor finances and stronger clubs waiting are relevant as well.'"
Yet again you reveal your lack opf knowledge about Wakefield Trinity. But why let the facts get in the way of spouting your bile against the club. The Hospitality Boxes were put up in 2000.
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| Quote: dally messenger "for the whole credibility of the franchise system, the RFL has to show poorly performing SL clubs they will be relegated.
it also has to show clubs outside SL they can get in if they invest and grow.
as the weakest current SL club, wakey are clearly favs. for relegation
i doubt the RFL will kick out 2 SL clubs at once.
wakey getting kicked out will be a warning to cas as well that they need to deliver.
this could lead both clubs to look more closely at a ground share if neither can go it alone
it cas can do it on their own, and wakey cant deliver then cas become the dominant SL club and wakey are left out
another proposal is for wakey to go with Fev and invest the funds in the sale of BV in improving PO Road.
Fev, despite being a very small club, could trump both one day given all the land they own and proposals to fix up their ground'"
On what basis are Wakefield thew weakest club. Other than the ground issue what other areas are they weaker than other teams. Please give the areas of weakness compared to other teams please.
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| Quote: General Zod. "Talking about Rovers' finances does not detract from the fact you finished 12th last year...
Which, by the way is the reason you won't be spending full cap and still trying to offload one of your biggest earners to anyone who'll have him which will make you less competitive this year and there for struggle to make a dent in your debt.
Will be interesting though to see how many fans still turn up if you do struggle. Will you be able to still increase you're average attendance? Make a profit for 5 consecutive years? Merchandising constantly over £1 million year on year? Record shirt sales year on year? Record season pass sales year on year? All this if you finished 11th and 12th?
Point is, you don't have the infrastructure to achieve these things, wipe away your debts and you're still losing 450k a year, how are you going to pay off your short term debts of £2.2m if you're losing that money? Or will you always fall back on "in Hudge we trust"? I'm sure the Leeds fans trusted Peter Ridsdale once.
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| Quote: Ken Acker "Serious question. Should these boards feature adverts from a certain ambulance chaser who has just confirmed his dislike of free speech - surely reason for the boards existence in the first place?'"
Freedom of Speech is guaranteed in law for you, it is your right above all other rights, feel free to setup a website and post what you like there, then when the civil proceedings come to you, you can prove your allegations and backup your freedom of speech in a civil court of law to your hearts content.
However you are banned from RLFANS.COM as your choice is, play by our rules, or don't post anything.
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| Quote: General Zod. "As my points are too complex for you to understand, you obviously are incapable of progressing the thread beyond where it was at the time you intervened. I myself didn't come to the £1M figure, it is simply relayed information.
Whilst I appreciate talking about Rovers' finances is a way of venting your bitter and twisted feeling towards the fact we finished 15 points above you last season, you're just gonna have to deal with it because there'll be more of the same next season I'm afraid...'"
Sadofsky's have prepared a balance sheet for Rovers as at the 30th November 2008 which shows total liabilities of £3.16m. Whether this money is owed to the directors, or to trade creditors, say for maintenance work or merchandise for the shop, or to season passholders or sponsors for cash they've put in for which they've not had any consideration yet, or the bank, or whether they're accruals for services received not yet invoiced, is beside the point. The definition debt is "Duty or obligation to pay money, deliver goods, or render service under an express or implied agreement." which would cover all the above, hence from the balance sheet, the headline about Rovers having £3m of debt (at 30th November 200icon_cool.gif would seem accurate.
I think for your "Real number is only £1m" statement, when Rovers have lost a further £450k since the 2008 accounts, to be true, one of the following might have to be correct:
The directors have waived their loans
The "real number" includes asset valuations, in which case it's not a measure of debt, but a measure of net worth, which is different, and not what the HDM reported on anyway
The "real number" is a selective subset of total liabilities and therefore irrelevant due to the definition of debt mentioned above
The published balance sheet is incorrect.
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| income greater than expenditure = profit
income equal to expenditure = parity
Income less than expenditure = deficit/debt etc.
That I realise to some is a hard concept to grasp but work with it for a while and the concept may begin to be understood.
There is a rumour that some banks may be considering the idea and how it works
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| Quote: Leaguefan "income greater than expenditure .
That I realise to some is a hard concept to grasp but work with it for a while and the concept may begin to be understood.
There is a rumour that some banks may be considering the idea and how it works
This is something I constantly need to explain to people Leaguefan , both in ' real life ' and in relation to RL
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| Lock it!
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| Quote: east hull FC fan "They were offered a place at the time. Unfortunately they had to decline as their fans couldn't afford the bus fare to get there.
But hey, good argument!'"
hey i walked it.
a community stadium is for the whole community, east and west
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| Quote: LyndsayGill "On what basis are Wakefield thew weakest club. Other than the ground issue what other areas are they weaker than other teams. Please give the areas of weakness compared to other teams please.'"
crowds - lower than cas who are the other potential for expulsion. salford dont count as they offer the potential of manchester
finances - arent wakey have troubles paying tax.
its good to see you value my opinion so much
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| Quote: Mrs Barista "Sadofsky's have prepared a balance sheet for Rovers as at the 30th November 2008 which shows total liabilities of £3.16m. Whether this money is owed to the directors, or to trade creditors, say for maintenance work or merchandise for the shop, or to season passholders or sponsors for cash they've put in for which they've not had any consideration yet, or the bank, or whether they're accruals for services received not yet invoiced, is beside the point. The definition debt is "Duty or obligation to pay money, deliver goods, or render service under an express or implied agreement." which would cover all the above, hence from the balance sheet, the headline about Rovers having £3m of debt (at 30th November 200icon_cool.gif would seem accurate.
I think for your "Real number is only £1m" statement, when Rovers have lost a further £450k since the 2008 accounts, to be true, one of the following might have to be correct
no the nature of the liabilities is crucial
directors loans arent proper debts.
what are Hull FCs debts like ?
im sure st helens have large directors loans too
its a non issue
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| Quote: dally messenger "no the nature of the liabilities is crucial
directors loans arent proper debts.
what are Hull FCs debts like ?
im sure st helens have large directors loans too
its a non issue'"
If they are in the accounts , yes they are , otherwise they could have taken them out
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| Quote: Starbug "If they are in the accounts , yes they are , otherwise they could have taken them out'"
Quote: Starbug "Oh believe me I'm Bored , it's like arguing with Smokeys stupid cousin from Arkansas
Anyway as I said , Please , Please , Please ignore me from now on , I'll reciprocate'"
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| Quote: dally messenger "hey i walked it.
a community stadium is for the whole community, east and west'"
It was once, it is not now under the user agreement. KR where asked if they wanted to join the other two clubs at the KC and they declined. KR where given the ground that Craven park is built on for a nominal price ( £1 IIRC ) and they then sold it off to pay of debts.
The only way KR could play at the KC is [size IF[/size both City and FC agree to let them use it. If either one disagrees then it does not happen as these two are the major uses of the stadium, so thats the end of that one
Hull FC s debts are deminishing and are being serviced well by the board, they can get credit quite easily unlike another team that has to pay for everything up front and this is killing them.
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