| FORUMS > Hull FC > So you want Agar out? why? |
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| Quote: Standee "not everyone wants to sell, you have to remember these people have pumped a lot of their own money in, they want a return on their investment.'"
You mean all their birthdays came at once when they left Gateshead to go to a potentially massive club.  |
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| Quote: Raised Elbow "You mean all their birthdays came at once when they left Gateshead to go to a potentially massive club. ![]()
far from it
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| Quote: Standee "far from it'"
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. |
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| Quote: Raised Elbow "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? |
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| Quote: Raised Elbow "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.'"
So how much money are they 'lining their pockets' with then? Round numbers will do. |
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| Quote: Standee "and you have evidence that they are lining their pockets?'"
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. |
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| Quote: Robbo4 "Well thats as clear as mud ![]()
Not really, it was probably more that the wrong question was asked. There's (apparently) no long term liabilities in terms of loans. But as Mrs. B has pointed out, there will be plenty of current liabilities.
Of course we (as in the business) owe Kath etc, its called capital, the problem with kath, it seems, is goodwill. Kath obviously values the goodwill in the company a lot higher than potential buyers do.
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| Quote: Raised Elbow "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.'"
So it's just an unfounded assumption then?
Thought so. |
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| Quote: Kosh "So how much money are they 'lining their pockets' with then? Round numbers will do.'"
How the hell do i know?.All i know is that they have been making a steady profit and that not much reinvesting is going back into the club like getting in a world class coach,so the money must be going somewhere. |
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| Quote: Raised Elbow "How the hell do i know?.All i know is that they have been making a steady profit and that not much reinvesting is going back into the club like getting in a world class coach,so the money must be going somewhere.'"
It is, it's PAYING OFF THE LOANS FROM DIRECTORS |
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| Quote: Raised Elbow "How the hell do i know?.All i know is that they have been making a steady profit and that not much reinvesting is going back into the club like getting in a world class coach,so the money must be going somewhere.'"
The profit from the last 2 years was re invested into the team - Joe Westerman. |
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| Quote: Raised Elbow "How the hell do i know?.All i know is that they have been making a steady profit and that not much reinvesting is going back into the club like getting in a world class coach,so the money must be going somewhere.'"
The club still has significant negative reserves so the owners cannot take a dividend. You are therefore suggesting they must all be on hefty salaries. |
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| Jul 2003 | 21 years | |
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| Quote: Raised Elbow "How the hell do i know?.All i know is that they have been making a steady profit and that not much reinvesting is going back into the club like getting in a world class coach,so the money must be going somewhere.'"
Take a look at how much profit we make. It's peanuts compared to most companies. And plenty of investment has taken place, just not in the one area where it would make a real difference on the pitch.
There is no evidence whatsoever that our BOD are making a fortune out of the club. |
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| Quote: Kosh "So it's just an unfounded assumption then?
Thought so.'"
Maybe they give it all to bloody red nose day then.  |
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| Apr 2003 | 22 years | |
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| Quote: Raised Elbow "Maybe they give it all to bloody red nose day then. ![]()
are you actually reading what people write, people who KNOW, people who actually run businesses?
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