| FORUMS > Hull FC > Hull FC lose £300k |
 |
|
|
| Rank | Posts | Team |
| Player Coach | 14302 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2005 | 19 years | |
| Online | Last Post | Last Page |
| Sep 2018 | Sep 2015 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
17123_1311448581.jpg
If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
|
| Quote: Kosh "It's an evidence-based statement based on the best available evidence - i.e. this thread. As a scientist I'm more or less obliged to draw conclusions based on available data. 
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 14302 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2005 | 19 years | |
| Online | Last Post | Last Page |
| Sep 2018 | Sep 2015 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
17123_1311448581.jpg
If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
|
| Quote: Kosh "An eminently sensible post. Doubt it'll gain much traction, mind. ![]()
I didn't want to reply first as it would seem a little false TBH (MR=Rovers mod and I am a Rovers mod).
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 14302 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2005 | 19 years | |
| Online | Last Post | Last Page |
| Sep 2018 | Sep 2015 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
17123_1311448581.jpg
If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
|
|
|
|
|
|
|
|
| Rank | Posts | Team |
| Moderator | 12646 |  |
| Joined | Service | Reputation |
| Jun 2007 | 17 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
33809_1522680904.png
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
Moderator
|
| Quote: Kosh "An eminently sensible post. Doubt it'll gain much traction, mind. 
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 1301 | No
Team
Selected |
| Joined | Service | Reputation |
| Jan 2009 | 16 years | |
| Online | Last Post | Last Page |
| Aug 2020 | Aug 2020 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
42176_1272956469.gif
:d7dc4b20b2c2dd7b76ac6eac29d5604e_42176.gif |
|
| Quote: Mild Rover "A note of caution. For both sides really.
Because of the franchise system and the differences between Hull and Rovers, I've unintentionally learned a little about accountancy since joining RLfans. One thing seems clear to me - a good RL club accountant is as much about advocacy as accuracy. You can't flat-out lie, but figures can be manipulated and presented in different ways to create different narratives. In the past the Hull board thought it desirable to show profits to be able present themselves as capable custodians - and they were able to do that. AP has a different agenda - it suits him to be the saviour. So poor figures are reported. Pleading poverty also works well in terms of trying to get a better deal on the KC - it's clearly no coincidence that that story came out the same day. So while Rovers trolls/fans might be amused that the KC is being presented as an onerous burden, nothing has really changed - AP knew that agreement as well as anyone. In part, it'll be about appearing weak to strengthen a negotiating position.
I'm not saying that things haven't taken a turn for the worse, but that a reversal of spin probably makes it seem more serious than it is.
So Hull fans can maybe temper the gloom a little. But in 12 months from now, when there'll likely be a story about how losses have been slashed or a return to profitability, while elevating Pearson from forum Knighthood to Sainthood, it'd be sensible to also recall the thread frepneyboy pulled up earlier and remember they only tell you what suits - at all clubs, tbf, it'd be a bit dozey to paint yourself in a bad light.'"
Started reading it but I saw a small amount of optimism and that is so not allowed on here, so stopped.  |
|
|
|
|
|
| Rank | Posts | Team |
| International Star | 3607 | No
Team
Selected |
| Joined | Service | Reputation |
| Dec 2011 | 13 years | |
| Online | Last Post | Last Page |
| Jun 2017 | Apr 2017 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
He was right in the end: |
|
| Quote: Mild Rover "A note of caution. For both sides really.
Because of the franchise system and the differences between Hull and Rovers, I've unintentionally learned a little about accountancy since joining RLfans. One thing seems clear to me - a good RL club accountant is as much about advocacy as accuracy. You can't flat-out lie, but figures can be manipulated and presented in different ways to create different narratives. In the past the Hull board thought it desirable to show profits to be able present themselves as capable custodians - and they were able to do that. AP has a different agenda - it suits him to be the saviour. So poor figures are reported. Pleading poverty also works well in terms of trying to get a better deal on the KC - it's clearly no coincidence that that story came out the same day. So while Rovers trolls/fans might be amused that the KC is being presented as an onerous burden, nothing has really changed - AP knew that agreement as well as anyone. In part, it'll be about appearing weak to strengthen a negotiating position.
I'm not saying that things haven't taken a turn for the worse, but that a reversal of spin probably makes it seem more serious than it is.
So Hull fans can maybe temper the gloom a little. But in 12 months from now, when there'll likely be a story about how losses have been slashed or a return to profitability, while elevating Pearson from forum Knighthood to Sainthood, it'd be sensible to also recall the thread frepneyboy pulled up earlier and remember they only tell you what suits - at all clubs, tbf, it'd be a bit dozey to paint yourself in a bad light.'"
Thank you  |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 725 | No
Team
Selected |
| Joined | Service | Reputation |
| Oct 2005 | 19 years | |
| Online | Last Post | Last Page |
| Jun 2014 | Jun 2014 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
18235.jpg
NEED ANY GAS WORK DOING? BOILER SWAPS, FULL SYSTEM UPGRADES, REPAIRS, SERVICING ON ALL GAS APPLIANCES PM ME. ILL BE HAPPY TO HELP.:18235.jpg |
|
|
Sorry if already been mentioned but didnt pearson make a remark about the players been put as assets in your figures and not been happy with it? We all know thats the case so in reality seen as though hull are one of only a couple of teams that do this, would hull of been putting in losses every year instead of showing profit?? If rovers put there players as assets and a value similar to what hull put then wouldnt we of shown a profit also every year?
|
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 12260 | |
| Joined | Service | Reputation |
| Jun 2007 | 17 years | |
| Online | Last Post | Last Page |
| Aug 2023 | Jul 2023 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
33934.gif
BLACK AND WHITES
East is East,West is West,
and never the twain shall meet.
--------------------------------
"I" said the sparrow "With my bow and arrow.":33934.gif |
|
| Quote: Sheldon "Not every kr fans trolling though, your always going to get your idiots but I wouldn't tar them all with the same brush.'"
I would,and feather them too.  |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 12260 | |
| Joined | Service | Reputation |
| Jun 2007 | 17 years | |
| Online | Last Post | Last Page |
| Aug 2023 | Jul 2023 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
33934.gif
BLACK AND WHITES
East is East,West is West,
and never the twain shall meet.
--------------------------------
"I" said the sparrow "With my bow and arrow.":33934.gif |
|
| Quote: coatsy "Sorry if already been mentioned but didnt pearson make a remark about the players been put as assets in your figures and not been happy with it? We all know thats the case so in reality seen as though hull are one of only a couple of teams that do this, would hull of been putting in losses every year instead of showing profit?? If rovers put there players as assets and a value similar to what hull put then wouldnt we of shown a profit also every year?'"
Your probably right,but at the end of the day it is not going to affect any of our household budgets,so I reckon we should let the clubs accountants worry about it.Its not a massive loss compared to some sports. |
|
|
|
|
| Rank | Posts | Team |
| International Star | 222 | No
Team
Selected |
| Joined | Service | Reputation |
| Aug 2011 | 13 years | |
| Online | Last Post | Last Page |
| Aug 2012 | Jun 2012 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
61631_1316524072.jpg
:d7dc4b20b2c2dd7b76ac6eac29d5604e_61631.jpg |
|
| Quote: coatsy "Sorry if already been mentioned but didnt pearson make a remark about the players been put as assets in your figures and not been happy with it? We all know thats the case so in reality seen as though hull are one of only a couple of teams that do this, would hull of been putting in losses every year instead of showing profit?? If rovers put there players as assets and a value similar to what hull put then wouldnt we of shown a profit also every year?'"
No.
The players are listed as an asset on the balance sheet. This does not effect profit and/or loss (P&L account) atall.
In basic terms the P&L is: income - expenditure = profit or loss, over a given time period (in this case one year). |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 8157 | |
| Joined | Service | Reputation |
| Apr 2007 | 18 years | |
| Online | Last Post | Last Page |
| Mar 2024 | Mar 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
Black Backgrounds/Waldorf.gif
Sante et longevite [url=https://www.viagrasansordonnancefr.com/:3p7loyei]www.viagrasansordonnancefr.com[/url:3p7loyei] avantages des medicaments:Black Backgrounds/Waldorf.gif |
|
| Quote: coatsy "Sorry if already been mentioned but didnt pearson make a remark about the players been put as assets in your figures and not been happy with it? We all know thats the case so in reality seen as though hull are one of only a couple of teams that do this, would hull of been putting in losses every year instead of showing profit?? If rovers put there players as assets and a value similar to what hull put then wouldnt we of shown a profit also every year?'"
The players were put down as assets thus showing the full value of the club. Showing the players as an asset makes no difference to the Profit/Loss of the financial year.
Neville beat me to it. Shame Radio Humberside don't understand this basic principle. |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 725 | No
Team
Selected |
| Joined | Service | Reputation |
| Oct 2005 | 19 years | |
| Online | Last Post | Last Page |
| Jun 2014 | Jun 2014 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
18235.jpg
NEED ANY GAS WORK DOING? BOILER SWAPS, FULL SYSTEM UPGRADES, REPAIRS, SERVICING ON ALL GAS APPLIANCES PM ME. ILL BE HAPPY TO HELP.:18235.jpg |
|
| Quote: Neville Bartos "No.
The players are listed as an asset on the balance sheet. This does not effect profit and/or loss (P&L account) atall.
In basic terms the P&L is: income - expenditure
ah right, dont really understand how that works to be fair, was just wondering why pearson was concerned about it. If it makes no difference at all then why do it / why not do it for those clubs that dont?
|
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 11924 | |
| Joined | Service | Reputation |
| Jan 2007 | 18 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Aug 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
30596_1286642206.jpg
If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
Frederick Douglas:d7dc4b20b2c2dd7b76ac6eac29d5604e_30596.jpg |
|
| Quote: coatsy "Sorry if already been mentioned but didnt pearson make a remark about the players been put as assets in your figures and not been happy with it? We all know thats the case so in reality seen as though hull are one of only a couple of teams that do this, would hull of been putting in losses every year instead of showing profit?? If rovers put there players as assets and a value similar to what hull put then wouldnt we of shown a profit also every year?'"
Given some of our performances over the last year, we'd probably be further in the red. |
|
|
|
|
| Rank | Posts | Team |
| Player Coach | 8157 | |
| Joined | Service | Reputation |
| Apr 2007 | 18 years | |
| Online | Last Post | Last Page |
| Mar 2024 | Mar 2024 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
Black Backgrounds/Waldorf.gif
Sante et longevite [url=https://www.viagrasansordonnancefr.com/:3p7loyei]www.viagrasansordonnancefr.com[/url:3p7loyei] avantages des medicaments:Black Backgrounds/Waldorf.gif |
|
| Quote: coatsy "ah right, dont really understand how that works to be fair, was just wondering why pearson was concerned about it. If it makes no difference at all then why do it / why not do it for those clubs that dont?'"
The only real reason to do it is to make the club look more valuable on paper. Example
Team A is valued at 3,000,000
They have 25 first teams valued at approx 30,000 each (total of 750,000
Team A value with squad is now 3, 750,000
I suppose if you are looking to sell the club then valuing it with the players makes some sense. |
|
|
|
|
|
|
|
