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FORUMS > Hull FC > AP’s Ideas on the game going forward |
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22575.gif "Brian McDermott, with a wry smile, nods when asked if he remembers a specific incident which made him realise he was a prick. 'I do', he murmurs.":22575.gif |
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| He's missing all the points and coming up with totally wrong solutions. No wonder Hull FC are in such a state if this is the sort of management of the club.
The Hull derby is one of Super League's biggest strengths along with the Saints-Wigan derby. People tune in for it, it's destination TV viewing.
We need more games like that, not fewer. Merging would create one club no larger than the two currently existing but without the headline derby match and with a bitter legacy that would no doubt reduce for at least the medium term the number of Rugby League fans in Hull. It's idiotic thinking that applies market-based solutions to a sporting environment and is utterly, utterly flawed.
The Hundred meanwhile is the latest solution cricket has to the interminable length of that sport. THIS IS NOT RUGBY LEAGUE'S PROBLEM. Don't take another sport's solution to their particular issues and apply it to Rugby League because it's getting some short-term coverage. That is idiotic and lazy.
Rugby League in the UK, in my view, has the following pressing issues:
- Quality of the games, particularly over the last 2 years as the club owners decided to squeeze as many in as possible which has had a devastating effect with cancellations and walkovers. Get back to one game a week and adjust the rules so that messing and wrestling at the ruck is completely eradicated. Everyone knows the latter is a huge, huge problem but no steps have been taken to address it.
- Constant tinkering with the format. A twelve team Super League with a five or six team play off is a solid, rational top flight. Tinkering, yet again, with this will make no difference. The sport needs stability not more change. It's amazing how smart people can't see that one of the greatest problems is the constant changing of the structure. It's confusing and jading for fans, it gives off a real impression of desperation. The solution is NOT to change again!
- Hard, local engagement and marketing. And controversy. Controversy, on the pitch and between clubs, sells and Rugby League is just so conservative on this front. It's always "yes, they're a very good team, very well drilled, we'll have to play well to beat them" and "he's a great player, we're really going to have to number up on him". Goodness sake, that doesn't generate coverage, that doesn't generate passion, that doesn't make people want to go to games desperate for their team to beat the opposition. Big it up, make people afraid their club could lose to a bunch of thugs or cheats.
This rivals round is a bit of that but get some heat and light into our messaging. Rivals rounds, heritage rounds, venom-filled press conferences. Get people enthused about the game rather than jaded and distracted by constant off-field tinkering or by people like Pearson talking the game down.
As for private equity. Deary me, you'd get better rates at the local loan shark. It's short-termist and idiotic. It might help Pearson out of a short-term hold but it is totally counter to the long-term financial interests of the game. No wonder people like Hetherington and McManus blackballed it.
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33809_1522680904.png 'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
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| Quote: Riderofthepalehorse "The link doesn’t work for me M.R.'"
No, me either now. I don’t think you’re missing much.
The only striking change I noticed was ‘other borrowing’ which increased by roughly £1 million. I guess that might be the emergency govt loan. But it is only a guess, because I don’t have any expertise in this area and even if I did, I’ve a suspicion that there’s not enough detail to say anything very definitive.
One thing I find curious (not meaningful, just an oddity) is how precisely the intangible assets are valued. I presume this is the player registrations and maybe the estimated value of a place in super league - if you wanted to transfer all the assets to a new entity, as a going concern, how much you’d be able to realise for creditors and shareholders of Hull FC. Last year it was £1,777,649 and now it is £1,650,880. Like somebody has really worked it out. Surely it is a bit more like valuing a house, and you’d just round off to the nearest £1000 or £5000. Or maybe they started with a round number years ago and there’s some sort of adjustment they apply each year. Appreciation and amortisation algorithms… possibly. Adopting a rigorous approach to updating a purely notional valuation is… I dunno, there’s a kind of sweetly futile conscientiousness to it.
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| Quote: The Ghost of '99 "Nah, Hull FC 2011 Ltd is the vehicle Pearson used to acquire the club. It doesn't do much as far as I can tell apart from incur a bit of interest or something each year. All the trade is in Hull Super League Ltd.
Things I've noticed from a quick glance (and I'm not a Hull fan) -
1. The club continues to use very dubious accounting policies about player valuations which totally prop up the Balance Sheet but are not in line with accounting standards and would result in qualified accounts if these needed auditing.
2. The other borrowings in long term creditors we can be pretty certain is the RFL-administered government loan. Hull got around £1m to £1.3m, similar to other clubs (Leeds as an example got exactly £1.25m).
3. Check out note 7. The fall in deferred income from £672k to £276k is likely to relate to people paying for season tickets or sponsorship before the end of November for the following season. It looks like these only went on sale in December last year which presumably is rather later than in previous years which will explain most of the fall, hopefully, rather than it being a permanent reduction in ticket holders.
4. Club looks to have essentially broken even on a net profit level for the year but without even a summary P&L and notes or an understanding of what the aim of the business is (most RL clubs aren't really run to make money but one without a sugar daddy like this probably is) and of what, if anything, senior management take out as remuneration it's really hard to understand what is actually going on.'"
1 - Yes, although a. club have adopted this approach since pre AP's tenure and b.no impact on the P&L.
2. Agreed, and explains partially increase in cash.
3. Plus more re fans paying by DD than upfront now.
4. Made a profit.
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71261_1683968120.jpeg :d7dc4b20b2c2dd7b76ac6eac29d5604e_71261.jpeg |
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| Quote: Mrs Barista "1 - Yes, although a. club have adopted this approach since pre AP's tenure and b.no impact on the P&L.
1 Still very dubious accounting and hardly a positive reason for the continuation bearing in mind the previous owners.
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| So did we make a profit last season or sneaky accounting?
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