FORUMS > The Virtual Terrace > Hull KR's debts |
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| Quote: dally messenger "the article is a load of nonsense.
its written by someone with a basic knowledge of accounting and a little else
just because a debt is listed as a current liability doesnt mean the club really has to pay it back in a year'"
Sorry your post is absolute nonsence.
To use a recently used quote, your post is "written by someone with a basic knowledge of accounting and a little else"
Either repayment MUST be made within a 12 month period or there has to be some formal agreement for deferrment, which on the basis they are still current, would not appear to be the case.
The Article concerned is about as factual as you can get. It clearly states the date the accounts relate to and accuratly quotes figure from the accounts submit to companies house.
In short, you post was a pointless waste of effort.
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| Quote: General Zod. "Although I'm no legal expert, the Dobson headline "I'll prove I'm the best scrum-half in the city" would be commonly interpreted as that, that is what he actually said when it wasn't. Even though they haven't put headline in quotes, I'd expect it to fall under some kind of law - possibly defamation in the context that the HDM have portrayed him to be arrogant/cocky etc. if not defamation then I'm sure it would fall into a similar category - which one I don't know.
Again common interpretation of the £3M debt headline again indicates the figure in a current context and in a current context, it is simply not true as the current figure is around the £1M bracket. I'd imagine if the club could argue that if the HDM deliberately printed the article to infer that the figure was in a current context to portray a negative image of the club to potential investors or who ever, then that would be their avenue of leverage - as for what law it would fall under I don't know.
When all is said and done, the bottom line is that I'm 100% sure that Hudge wouldn't take legal action unless he believed it would hold water.'"
OK, question time.
At what point did hullkr issue shares to the tune of £2m in the last 18 months?
or
At what point did hullkr take out long term loans the tune of £2m in the last 18 months?
If they didn't do either then you are talking nonsense.
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| Quote: captaincaveman "this is precisely what i mean. you have to start somewhere. at least you are making plans. unlike some
You started plans more than 10 years ago .We have been in sl 3 years and made massive strides .Concentrate on you own club rather than slagging off others You will be judged on what you have done not what others have done
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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.'"
The same as they are currently!
Do you think there is a warehouse full of rovers fans waiting for a new stadium before they go again? rovers have done well in exploiting their SL status to grow their fan base, AND YET THEY STILL LOSE MONEY HAND OVER FIST
rovers have been on the up for the last 4 season. I am sure we will see the true loyalty of some of these new found fans (not the 2500-3000 hardcore who stuck with them in the barron years) when thing really go pear shaped during the coming season
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| Quote: dally messenger "yeah im going to analyse the financials for you
i read the article and it was a load of nonsense
it doesnt even say who the debts are owed to'"
No set of financial statements will tell you that.
That being said its not difficult to guess who / what the current liabilities will include. There will be a fair amount of VAT owing to HMRC. There will be a fairly large amount of PAYE / NIC payable. There will be a certain amount of deferred income from season ticket sales for future matches. On the basis of the East stand extention, there will be a fair amount of monies owning for its construction. There will inevitably be a degree of directors loans. Going on past performance, you know that historically hkr have been very slow payers to their creditors leading to some small companies and business being put into their own financial difficulties, there will be a fair amount of smaller creditors who historically rovers have treated very poorly.
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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'"
Depends if the direcor concerned is prepared to lose their money which they have loaned. Unless you know that for a fact, then they are very much real debt.
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icons077e_files/5885-54zedonite-msnicons.jpg regards
and ENJOY your sport
Leaguefan
"The Public wants what the Public gets" - Paul Weller:icons077e_files/5885-54zedonite-msnicons.jpg |
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| Quote: Leaguefan "If ONE more Hull v HKR post is placed on this forum then I sugest locking it?
The best we can ever get is that they agree to disagree all the time even nbasics like igo Hull play in Black and white and Rovers in Red and White!!!
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| Anyway, I don't know what you're moaning about really, we haven't even got to the "my dads bigger than your dad" part yet!
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| This Dally chaps a bit of a thicky i must say.
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| Quote: Mild mannered Janitor "Depends if the direcor concerned is prepared to lose their money which they have loaned. Unless you know that for a fact, then they are very much real debt.
much like every other SL club which has directors loans.
why dont other SL clubs have similar stories ...
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| Quote: Barry Clegg 2nd "This Dally chaps a bit of a thicky i must say.'"
when wakey get relegated next time think of me
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| Quote: The Devil's Advocate "The potential of Manchester!
Is that like the potential of London?
Potential doesn’t pay the wages.
Finances! Check the thread, I don’t think Wakey have the problems of H.K.R.'"
yeah exactly like the potential of london.
thats why such a poor london team continues in SL.
the RFL will be way more lenient on a club with expansion potential like salford than wakey
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| Quote: HULLMAD "Hull KR were offered the chance to play at the KC and they declined ....any decisions regarding the stadium are not made by the council they are made by the SMC.'"
so the SMC make the decision?
thats not what was said above.
why would SMC owners turn down another paying tennant?
does council not want to make a better return on its asset and hence encourage more tenants?
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