FORUMS > Hull FC > Cutting our Cloth |
![](images/sitelogos/2022-34.jpg) |
|
Rank | Posts | Team |
Player Coach | 29754 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 19 years | |
Online | Last Post | Last Page |
Jul 2024 | Jun 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
16500_1696696672.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_16500.jpg |
|
| From reading this week's diary, it sounds like the club giving up on achieving 12k crowds has driven the decision to cut cloth and merge the academy. I understand the requirement to balance the books but I reckon there's a scenario here that will limit salary cap spend in anticipation of reduced crowds and consign us to middle 8 before a ball is kicked next year. Wonder whether signing Tuimavave rather than some bigger names bandied about is further evidence? If this were true, it would be the case that we've gone as far as we'll go under AP and with no alternative things look pretty bleak; our chances of genuinely challenging the Top 3 (lucky cup run apart) are minimal.
Four years on and we're almost back to square one (with lower attendances), the exception being the academy, the future benefits of which we're now choosing to dilute. When you look back at all the cash spent by AP on tax liabilities, EBTs, paying off contracts and agents fees you can't help but wonder how this could have been put to better use over that time period to build something with solid foundations. Club's at a crossroads this off season IMO and the only direction of travel seems to be downgrading/downsizing. Sobering stuff.
Anti-Radford vitriol has been done to death and beyond - purpose of this thread is what others views are of the club's medium term plan and direction on all fronts.
|
|
|
|
Rank | Posts | Team |
International Star | 7332 | No Team Selected |
Joined | Service | Reputation |
Apr 2014 | 10 years | |
Online | Last Post | Last Page |
Jul 2024 | Jul 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Mild mannered Janitor "The £11m turnover for Leeds, is this solely the Rhinos or does thus include the Union team? What I do know is, their corporate hospitality is huge in comparison to any other RL club in the UK. Not sure if the Rhinos own their stadium, but I think it maybe part of Caddicks business empire. St's do have their own stadium which I'd imagine they have a decent mortgage to finance it.
Anyway. Realistically what would make the opinion of the stay away fans change? Is it a matter of changing the coach or is it going to take a sustained period of winning to get bums on seats?'"
Winning will obviously increase gates but the coup for Pearson would be to appoint a first class coach.That would have a bigger impact on fans buying a season pass than signing The likes of Pritchard.It would also show fans he has admitted his mistake appointing Radford.
Apart from Pearson there are very few people who have any faith left in Radford as a coach.
|
|
|
|
Rank | Posts | Team |
Player Coach | 5213 | No Team Selected |
Joined | Service | Reputation |
Aug 2006 | 18 years | |
Online | Last Post | Last Page |
Jul 2024 | Jun 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
27476.gif
I am the hash browns of rlfans :27476.gif |
|
| Quote: Mild mannered Janitor "The £11m turnover for Leeds, is this solely the Rhinos or does thus include the Union team? What I do know is, their corporate hospitality is huge in comparison to any other RL club in the UK. Not sure if the Rhinos own their stadium, but I think it maybe part of Caddicks business empire. St's do have their own stadium which I'd imagine they have a decent mortgage to finance it.
Anyway. Realistically what would make the opinion of the stay away fans change? Is it a matter of changing the coach or is it going to take a sustained period of winning to get bums on seats?'"
No. Saints have no bank debt, and was majorly financed (currently £15m) by a friend of Eamon McManus who also happens to be a Saints fan. The club can pay this back at any rate, and any debt remaining at the end of the 2018 will be liquidated into shares (or postponed) and the club will again be completely debt free. It will all come down to whether McManus wants to retire, and if he does the baton will be passed into a fan whose already proven his commitment financially (or at least that's my current understanding)
|
|
|
|
Rank | Posts | Team |
Player Coach | 29512 | ![](images/sitelogos/fullsize/34.png) |
Joined | Service | Reputation |
Mar 2007 | 17 years | |
Online | Last Post | Last Page |
Jul 2024 | Jul 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
|
| Quote: Magic Superbeetle "No. Saints have no bank debt, and was majorly financed (currently £15m) by a friend of Eamon McManus who also happens to be a Saints fan. The club can pay this back at any rate, and any debt remaining at the end of the 2018 will be liquidated into shares (or postponed) and the club will again be completely debt free. It will all come down to whether McManus wants to retire, and if he does the baton will be passed into a fan whose already proven his commitment financially (or at least that's my current understanding)'"
Interesting. If that's the case, how come saints were so skint during the build process?
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 5213 | No Team Selected |
Joined | Service | Reputation |
Aug 2006 | 18 years | |
Online | Last Post | Last Page |
Jul 2024 | Jun 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
27476.gif
I am the hash browns of rlfans :27476.gif |
|
| Quote: Jake the Peg "Interesting. If that's the case, how come saints were so skint during the build process?'"
Mcmanus still poured a lot of his own funds into the project, as well as modernising the training and youth facilities as an aside, and paying off directors loans we had outstanding from the early days of SL at the same time - i think McManus + sale of kr made up the remaining £10m for the stadium. I also think an element of idealism (a saints team in a saints stadium) meant we could have invested more in the playing side but chose not to - but that's more personal conjecture than what the accounts say.
I'll have a closer look on the saints accounts when they're published like I always do, but I'm 95% that's what was gleaned from last years accounts, and presume the accounts this year say the same...
|
|
|
|
Rank | Posts | Team |
Player Coach | 29512 | ![](images/sitelogos/fullsize/34.png) |
Joined | Service | Reputation |
Mar 2007 | 17 years | |
Online | Last Post | Last Page |
Jul 2024 | Jul 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
|
| Quote: Magic Superbeetle "Mcmanus still poured a lot of his own funds into the project, as well as modernising the training and youth facilities as an aside, and paying off directors loans we had outstanding from the early days of SL at the same time - i think McManus + sale of kr made up the remaining £10m for the stadium. I also think an element of idealism (a saints team in a saints stadium) meant we could have invested more in the playing side but chose not to - but that's more personal conjecture than what the accounts say.
I'll have a closer look on the saints accounts when they're published like I always do, but I'm 95% that's what was gleaned from last years accounts, and presume the accounts this year say the same...'"
Whatever, you're in a much better financial position than us
|
|
|
![](images/sitelogos/2022-34.jpg) |
|
![](images/sitelogos/2022-34.jpg) |