FORUMS > Hull FC > Hull FC lose £300k |
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| Quote: Big Brother "In adam we trust'"
TBF we don't have much choice.
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| Quote: MrPhilb "Only at hull FC could losing 300 grand with more to come be a good thing. You've all spent ages telling us what a magnificent profitable organisation you are.
Seems it was all built on sand foundations
I thought losing near enough £500k was a 'good thing' as it allowed you to be 'competitive'.....for one season.....3 years ago.
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| Just like i said there would be more bad news to come and it has, wonder if mrs Barista would like to go and dig into the accounts and tell us all how profitable her club are?????????? Thought not
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| Quote: Staffs FC "Nice trip to Wembley would be just the ticket.'"
I think we made £250k from the 2008 Final.
The lack of any Cup run in the last three seasons has had a big effect. A Wembley return would be a huge boost financially.
The £300k loss is unfortunate but was inevitable given the drop in crowds (down about 17,000 in total between 2010 and 2011) and lack of success however if we can turn things around on the pitch the financial picture will improve without the need for any soft loans.
BTW loving the dim Rovers fans posting on here.
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| Quote: east hull FC fan "I thought losing near enough £500k was a 'good thing' as it allowed you to be 'competitive'.....for one season.....3 years ago.'"
Now, now. Losses of £1.9m over 6 years, net liabilities of £2.1m, £1m loan from Allam, ERDF funding not yet signed off on the North Stand, and the marquee signing of, er, Graeme Horne. Are you sure you don't want to trade?
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| Quote: Sandra The Terrorist " Which clubs make money in Rugby League? Leeds, maybe Wigan. That's possibly about it. There's probably only the opportunity for three, maybe four clubs to actually turn a profit. Pearson wants to get into one of those positions, the objective is for the club to run as a profitable business.'"
This is where a lot of your lot are getting mistaken, we have been a profitable business. What Pearson is getting at is that these profits were made on an unrealistic cost base. He wants us to be a profitable business while spending appropriately, that will take time.
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| Quote: east hull FC fan "This is where a lot of your lot are getting mistaken, we have been a profitable business. What Pearson is getting at is that these profits were made on an unrealistic cost base. He wants us to be a profitable business while spending appropriately, that will take time.'"
Come on, since when have facts got in the way of the dobbins trolling.
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| Quote: hullbg "Come on, since when have facts got in the way of the dobbins trolling.'"
It doesn't even get in the way of Blunderside's trolling. They, like the idiots on the dark side, are still convinced that capitalising players on the balance sheet has an impact on the P&L account
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| Quote: frepneyboy "If the search facility on here wasnt so slow and rubbish id find posts where a couple of people were suggesting how bad it was with Kath and Rule and how spin and flim flam was the order of the day. Its a shame those posters were put doen by the club apologists'"
I'm sure mrs b can bring up one of our many debates on where the cash was going
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| Quote: east hull FC fan "This is where a lot of your lot are getting mistaken, we have been a profitable business. What Pearson is getting at is that these profits were made on an unrealistic cost base. He wants us to be a profitable business while spending appropriately, that will take time.'"
Give it up, mate. The number of Rovers fans bright enough to understand this simple fact can be counted on the fingers of one hand.
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| Quote: Jake the Peg "I'm sure mrs b can bring up one of our many debates on where the cash was going'"
James Rule has let me down so badly, it's almost as if none of the stuff he said on Airlie Night was true. Dreams in tatters
I feel I should have had a cut of what Kath took out of the club. I've been almost full time on here defending her and Rule over the last 6 years, without pay, and not even a loyalty bonus. Shafted.
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| Quote: MrPhilb "Only at hull FC could losing 300 grand with more to come be a good thing. You've all spent ages telling us what a magnificent profitable organisation you are.
Seems it was all built on sand foundations
We made a loss one year in 6 years...in that year our crowds dipped (on the back of dreary rugby the previous 2/3 seasons) we paid a transfer fee for Obst, Commercial income continued to fall (on the back of dreary rugby and the economic downturn) and the fans were so miserable and fed up that I doubt we sold any merchandise in the last few months of the season. I would also imagine that some of the coaches we have got rid of will have been paid redundancy money during this financial period.
Don't get me wrong, I am very happy to get rid of the old board and make a fresh start. But it doesn't mean we weren't a viable, profitable business before 2011.
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