| FORUMS > The Virtual Terrace > Hull KR's debts |
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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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| 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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| Apr 2007 | 18 years | |
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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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| Apr 2007 | 18 years | |
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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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| International Chairman | 37704 | No
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| May 2002 | 23 years | |
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| Quote: dally messenger "much like every other SL club which has directors loans.
why dont other SL clubs have similar stories ...'"
They do, when their finances are published, directors loans are included in the debt figure. Why should HKR be treated any different from ANY OTHER COMPANY, not just RL clubs? |
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| Player Coach | 12958 | No
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| Quote: captaincaveman "wakefield are planning a new stadium'"
4th time lucky eh? |
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| Player Coach | 12958 | No
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| Quote: Mrs Barista "If they will never crystallise, why not waive them and reflect the adjustment in the accounts? Wigan had an amount owed to one of Lenegan's company that was written off in 2008 and disclosed as such.
Total of £1.4m thanks. They were £2.4m in 2004 but have reduced signifcantly after 5 years of profit.
Indeed, as do virtually all RL clubs. Saints do have the advantage of a £8.1m freehold asset also.'"
when you write off a debt like that you have to pay tax on it.
wigan probably did it beause the club was sold to an outside party and it was part of cleaning up the books. |
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| Player Coach | 12958 | No
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| Apr 2007 | 18 years | |
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| Quote: Mild mannered Janitor "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. ![]()
i put money into my company as a directors loans.
its shown as a current liability meaning in theory its payable in 12 months.
thats about as far as the newspaper researched, which is hardly.
unless the debts are owed to parties outside the club, or unless directors want their money back this story is zilch
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| Rank | Posts | Team |
| International Chairman | 37704 | No
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| May 2002 | 23 years | |
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| Quote: dally messenger "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?'"
Here, try thishttps://i6.raidpic.com/270764553224.02.LZZZZZZZ.jpg" >
There's a section in there on comprehension, ask a grown up to read it to you |
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