FORUMS > Hull FC > Hull FC lose £300k |
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| Quote: MrPhilb "I told you the Gleeson story was the tip of the iceberg when it came to bad news. I knew you'd like this one though
this old chestnut, you OWE Allam £1m (at least)
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| Quote: UllFC "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.'"
Well Pearson has already stated you posted profits but only because the club was not investing in the area it needed. Added to the fact you've are faced with a huge historic tax bill which has been negotiated down to one third of what it could have been worse case scenario.
I guess you did all state for years you where in a false position. We thought you meant league position though not financial
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| Quote: gingerspice "icon_biggrin.gif
If you give it out, ginge, you have to take it.
The even worse story here is what would have happened had Pearson not been a willing buyer. Might be worth its own thread.
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| I had a little chuckle when I read the Hull Daily Mail this Morning. As a Rovers fan I felt after the stick we've being given in recent years I was certainly entitled to do so. However!! us Rovers fans are certainly not in a position to gloat. We've managed to get our losses down to around 200k but thats still 200k we have to find every season whilst the Bank manager & Shareholders start to want a return in the money they are owed and have invested. The longer we have debt and money owed the more of a problem it then becomes.
From Where Hull stand they are in a decent position. They have somebody financially astute in charge in Adam Pearson and a good season this year will put the brakes on any further losses which could create an upward trend.
Quote: hullbg "
EBT bill of unknown proportions but you have had plenty of overseas players so should be substantial to say the least.'"
This I don't agree with. When the EBT loophole was stopped we'd being in super league for only a few years. We'll have liabilities with the HMRC I'm sure but substantial wouldn't be a word I'd use.
I'd probably say they'd be about 1/10th of Hulls liabilities which for us is still a massive sum
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| Quote: Mrs Barista "If you give it out, ginge, you have to take it.
God yeah never thought of that phew
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| Quote: Big Brother "In adam we OWE'"
Sorry couldnt resist.
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| Quote: Standee "this old chestnut, you OWE Allam £1m (at least)'"
You'll have to excuse me for ignoring you. I know you think you get both clubs internal memos sent to your inbox but Wolfie knows more than you.
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| Quote: MrPhilb "You'll have to excuse me for ignoring you. I know you think you get both clubs internal memos sent to your inbox but Wolfie knows more than you.'"
Are you claiming that you've repaid Allam?
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| Quote: Kosh "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.'"
6?
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| Quote: Chris28 "6?'"
They have 6 fingers as well as 6 toes
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| Quote: MrPhilb "You'll have to excuse me for ignoring you. I know you think you get both clubs internal memos sent to your inbox but Wolfie knows more than you.'"
Interesting slant on ignoring someone, replying to them and quoting their message.
As cod'ead has asked, you paid Allam back have you?
I feel sorry for some rovers fans, so little to talk about with limpdick and signing the mighty Graeme Horne they feel the need to come and comment on what is, in reality, not a big story, at £300k a season we'll be losing less than most, and it was only a one season loss, who knows what 2012 onwards will bring.
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| Another loss as Lord Faulkner has already told you, first of many this.
And I don't need to answer a question I've already answered. You can keep making as much stuff up as you like about Rovers finances. What you believe to be true and the actual truth will always be completely different things.
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| Quote: MrPhilb "Another loss as Lord Faulkner has already told you, first of many this.
And I don't need to answer a question I've already answered. You can keep making as much stuff up as you like about Rovers finances. What you believe to be true and the actual truth will always be completely different things.'"
What you wish the truth was and what the facts are will always be different things, you're just deluded, but that's nothing new.
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| Quote: MrPhilb "Another loss as Lord Faulkner has already told you, first of many this.
And I don't need to answer a question I've already answered. You can keep making as much stuff up as you like about Rovers finances. What you believe to be true and the actual truth will always be completely different things.'"
1) Accounts show losses of £1.9m for Rovers over 6 years. Are you saying this is untrue?
2) Allam said he had made Rovers a loan of £1m. So you are saying he's waived it.
Just for clarity, like.
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