FORUMS > Hull FC > Cutting our Cloth |
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Player Coach | 30245 | |
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Mar 2007 | 18 years | |
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: Mrs Barista "You implied she was taking large amounts of cash out of the club. In the context of several years of profit I said this was unlikely as dividends would have been illegal, so her supposed massive salary would a) have had to have come out of the P&L and b) would have required sanctioning by the board as she had a minority share.
I still think we're currently well short of the ability of the top 3 to finance a large and high quality coaching set-up (we've seen the extensive personnel Leeds and Wigan employ), run a squad at full cap+ and deliver a top notch academy. At the moment it seems that the eggs are in the first team squad basket, much like most teams outside the elite group.'"
So kath was turning up every day put of her love for the club? Who do you think was running the show? kath or the other directors? What was happening to the money that wasn't being paid into overseas players' ebt funds, spent on training facilities or the academy? What about the money that was been saved utilising tax avoidance schemes? We're currently operating on this reduced income you're telling us about, spending the money we should be on facilities etc and we still broke even last year. You explain to me, as an accountant, where you think the money used to go?
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International Star | 7722 | No Team Selected |
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Apr 2014 | 11 years | |
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| 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.
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Rank | Posts | Team |
Player Coach | 5214 | No Team Selected |
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Aug 2006 | 18 years | |
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Sep 2024 | Sep 2024 | LINK |
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27476.gif I am the hash browns of rlfans :27476.gif |
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| 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)
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Rank | Posts | Team |
Player Coach | 30245 | |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Oct 2024 | Oct 2024 | LINK |
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| 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?
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Rank | Posts | Team |
Player Coach | 5214 | No Team Selected |
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Aug 2006 | 18 years | |
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Sep 2024 | Sep 2024 | LINK |
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27476.gif I am the hash browns of rlfans :27476.gif |
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| 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...
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Rank | Posts | Team |
Player Coach | 30245 | |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Oct 2024 | Oct 2024 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| 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
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