When Rule was asked about debt at a fans forum last season he stated that the club was completely debt free.

Many businesses are "debt free", which can often mean they do not owe money to external agencies, it is all an internal debt.

My business "owes" me money, but if you ran a credit check it would come up as "debt free".

Anyway, it's largely irrelevant, our current shareholders have their own idea of what their shares are worth.

I did notice last night a few players are sponsored by "The Addams Family" or other such small sponsors, what happened to the likes of Campbell Engineering, Stockill etc.

Recession, or Jimmy's attitude?

I will not set foot in KC whilst we have that tool in charge, passionless, cluesless and fking useless, i will not waste anymore money

if only a few thousand people more decided not to go to games

The question was asked in direct relation to the often quoted 1.6 Million pounds we owed at one time and how much of that we still owed. Rule quite clearly stated that we no longer owed any of that money.

Perhaps Mrs B can clear this up.

Not sure that I can, because we only file abbreviated accounts. This means that whilst we can see the total value of creditors, and the profit made, we don't get any detail of either. What I can say is that the creditors number has reduced substantially since 2004 and it's reasonable to assume that the amount owed to the directors is a big factor in this. You are correct in that Rule has stated that the club is "debt free" but we still have "creditors" which can be a whole host of things, from accruals of electric bills not yet invoiced, to season passes paid for before the end of November for the following season, to amounts owed to HMRC.

to be fair to the board the lack of small sponsorships (such as match ball sponsors, player sponsors etc) is hitting all sports due to the recession. Marketing departments just don't have the cash to splash on jolly days out at the rugby like they used to.

I'm not saying they haven't annoyed any company at some point...but its a different commercial world to 2-3 years ago.

Well thats as clear as mud I've probably just inadvertantly fallen for the spin at the time then

You mean all their birthdays came at once when they left Gateshead to go to a potentially massive club.

Somehow i don't think they would of been lining there pockets like they are here after losing a fair amount of money at gateshead.

and you have evidence that they are lining their pockets?

So how much money are they 'lining their pockets' with then? Round numbers will do.

Like any business you don't go into it to make a loss.Hull have made a profit for the last 5 years which tells me after the initial investment they put in,they are now making a tidy sum.