Quote: Keith_Lard "No, he said However, with much more investment still needed, Pearson says the club must get back towards the peak of 2007 – when the club averaged more than 14,500 fans – to balance the books.
HULL FC will record losses in excess of £300,000 this year – with new owner Adam Pearson blaming 'serious under-investment' in recent years.
Pearson, who bought the Super League club last July, says he has been shocked by the state of the club's finances since taking control.
And he told the Mail he bought a club which – despite being considered one of the most financially healthy in the game – was 'creaking at the seams'.
Poor performances on the field, combined with the tough economic climate, saw crowds fall significantly at the KC.
FC only managed to surpass 12,000 on three occasions last season, compared to eight times in 2010.
And Pearson says the club now faces a long and difficult road back to profitability as a result.
"Let's get one thing out in the open, this club does not make a profit as may have been reported," Pearson told the Mail.
"The club will be ending the financial year for 2011 by posting a loss of £300,000, and I can't see that changing in the short term because there quite simply wasn't enough investment going in.
"I now understand clearly why the previous board were attempting to sell, and that is because they were going to have to put some money into it.
"This club is creaking at the seams with under-investment and that has to be addressed."
Pearson has made sweeping changes at the KC Stadium, on and off the field, during his six months at the helm.
It has sparked renewed optimism amongst supporters, with more than 8,000 having bought season tickets for the forthcoming season.
However, with much more investment still needed, Pearson says the club must get back towards the peak of 2007 – when the club averaged more than 14,500 fans – to balance the books.'"
Forgotten how many times you have c&p this, but its plenty. Each time it gets spelled out but either you refuse to read or are simply not bright enough to understand.
14500 average was not a break even point.
Balancing books = posting profit to cover previous losses.
2 very different things. Most people get it.
Back OT, its was Hudgel who did state he needed 10k averages to break even, that was back in 2014, hows that coming along?
