Quote Hull Kingston Convicts="Hull Kingston Convicts"So lets look at what you keep stating.
1, The board would want "their money back"
2, They close the club.
HOW?
The club has £150,000 worth of assets
How do the shareholders "get their money" back?
Would it not be more sensible to keep the club going, cream off the profits, pay themself a nice wage and "consultancy fees"
Because keeping the club "open" would cost them what exactly?
So will we REALLY have no Hull FC? would they really "CLOSE THE CLUB"???
Just give it up with your pathetic statement please'"
More money can be realised out of a company than it's fixed assets. Depending on how you go about closing it down and calling in debt, it would be possible to walk away with some of the turnover as well.
I did actually say it was an unlikely scenario. But the poster I was responding to was talking about [iforcing[/i the board out. Under those circumstances common sense could well go out the window. Especially since one method of forcing them out involves turning the club into a loss-making enterprise...