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FORUMS > Hull FC > Hull FC Accounts to 31 October 2016
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Are FC still showing their players as £1.8m of intangible assets?

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Has Larvin's money come through yet?
Or Allam's million pound gift?
Or is that vice president who was going to bring all that Russian oil money still there?

And will the dobbins accounts be filed on time or are they still counting the massive profit they made as a result of the huge crowds and glorious relegation they got last season?

Being the financial genius you claim to be there should no problem answering these as surely you know more about your own club than Hull.

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Quote: Keith_Lard "So are you stating that a company with £10 million of tangible assets, making £100,000 worth of profit can be valued the same as a company making a profit of £100,000 without any assets?


Shot yourself in the foot there Keith, you keep telling us the player valuation is intangible.

Looking forward to seeing this brought up again next year, there's always one. Little brother always looking to score points off big brother c020.gif

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Quote: Keith_Lard "So are you stating that a company with £10 million of tangible assets, making £100,000 worth of profit can be valued the same as a company making a profit of £100,000 without any assets?

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So does the profit include the Westerman sale or not, it was announced late October 2015?

If it doesn't then how bad does that make the previous seasons loss look given it included the sale of both Lineham and Westerman!
Need to be top 4 again and to somehow up the average attendances, losing the KR games both home and away is going to hurt especially if we don't make a final!

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Quote: knockersbumpMKII "So does the profit include the Westerman sale or not, it was announced late October 2015?

If it doesn't then how bad does that make the previous seasons loss look given it included the sale of both Lineham and Westerman!
Need to be top 4 again and to somehow up the average attendances, losing the KR games both home and away is going to hurt especially if we don't make a final!'"



I'm guessing that as the players are classed as assets with a value in the accounts, that we would just show any profit/loss between the stated value in the accounts and actual transfer fee received so if westerman was valued at £100k and we got £150k for him then we would show a profit of £50k. I stand to be corrected by one of our resident accountants of course

77 posts in 6 pages 
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