FORUMS > Hull FC > Offshore accounts |
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| Quote: Mild Rover "I don't want to come across as negative about Hull FC - there is much to admire in what has been achieved by them. I'm going to use Warrington and Saints as comparators and that is setting the bar high.
Would Hull pay a big transfer fee for a young player like Myler? It doesn't have to be Myler, if you don't rate him - the point is paying a premium for top young talent.
Would Hull pay whatever it took to get a coach like Tony Smith? Again, it doesn't have to be Smith.
Do Hull spend as much as Saints developing young players, with all the associated benefits that success in this area brings?
I suspect the answers to all three are 'no'. I'm least certain about the last, but a 'yes' would beg plenty of other questions. If they are all 'no', there is nothing wrong with that - there is great value in prudent sustainability. But, it gives clubs like Saints and Wire a competitive advantage from a sports POV.'"
We paid a fee for Tansey (albeit not a massive one), we also tried to sign Myler numerous times which I'm sure would have involved a fee.
Who knows if we'd pay what it took to get a coach like Smith? Perhaps we'll see in the future, in the past the club has been more inclined to promoting from within but I'm sure it's because they felt the person was the best man for the job and TBF in the last 5 years we've reached a CC final, a grand final and won the CC so we've hardly been baron in terms of success.
The youth point is an interesting point and like you I'm unsure about how much Hull spend relative to Saints or indeed any club so wouldn't like to speculate.
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Player Coach | 3325 | No Team Selected |
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Apr 2007 | 18 years | |
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Apr 2022 | Apr 2022 | LINK |
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| Quote: Mild Rover "I don't want to come across as negative about Hull FC - there is much to admire in what has been achieved by them. I'm going to use Warrington and Saints as comparators and that is setting the bar high.
Would Hull pay a big transfer fee for a young player like Myler? It doesn't have to be Myler, if you don't rate him - the point is paying a premium for top young talent.
Would Hull pay whatever it took to get a coach like Tony Smith? Again, it doesn't have to be Smith.
Do Hull spend as much as Saints developing young players, with all the associated benefits that success in this area brings?
I suspect the answers to all three are 'no'. I'm least certain about the last, but a 'yes' would beg plenty of other questions. If they are all 'no', there is nothing wrong with that - there is great value in prudent sustainability. But, it gives clubs like Saints and Wire a competitive advantage from a sports POV.'"
But who is "Hull" in this question? Is it a benefactor that? Because if so, quite frankly, we don't have one. Hull are doing what they are doing on a sound financial basis (according to people more informed than I am on that subject) rather than on relying on someone's deep pockets. So, the business model seems to be going alright so far and it is probably one of the reasons that Richard Agar is still at the helm and why we are prepared to offer players over 30 more than a one year deal. I'm pretty sure that St Helens' gates and merchandising alone could not have supported their on-field success over the years - I suspect that someone has been helping out. As for Warrington, it is more obviously the case there.
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Club Owner | 3648 | No Team Selected |
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Jul 2003 | 21 years | |
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Jul 2017 | Jun 2017 | LINK |
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| Quote: Old_Faithful_IAKW "We paid a fee for Tansey (albeit not a massive one), we also tried to sign Myler numerous times which I'm sure would have involved a fee.
Who knows if we'd pay what it took to get a coach like Smith? Perhaps we'll see in the future, in the past the club has been more inclined to promoting from within but I'm sure it's because they felt the person was the best man for the job and TBF in the last 5 years we've reached a CC final, a grand final and won the CC so we've hardly been baron in terms of success.
The youth point is an interesting point and like you I'm unsure about how much Hull spend relative to Saints or indeed any club so wouldn't like to speculate.'"
Wasnt there a fee for Jordan Turner as well?
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Moderator | 12647 | |
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| Quote: downtheante "But who is "Hull" in this question? Is it a benefactor that? Because if so, quite frankly, we don't have one. Hull are doing what they are doing on a sound financial basis (according to people more informed than I am on that subject) rather than on relying on someone's deep pockets. So, the business model seems to be going alright so far and it is probably one of the reasons that Richard Agar is still at the helm and why we are prepared to offer players over 30 more than a one year deal. I'm pretty sure that St Helens' gates and merchandising alone could not have supported their on-field success over the years - I suspect that someone has been helping out. As for Warrington, it is more obviously the case there.'"
The business is successful, absolutely. My point is that benefactors helping out... well, help basically.
A benefactor might make you a less successful (profitable) business, while making you a more successful sports club.
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Club Owner | 17284 | |
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Mar 2004 | 21 years | |
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| Quote: Mild Rover "I don't want to come across as negative about Hull FC - there is much to admire in what has been achieved by them. I'm going to use Warrington and Saints as comparators and that is setting the bar high.
Would Hull pay a big transfer fee for a young player like Myler? It doesn't have to be Myler, if you don't rate him - the point is paying a premium for top young talent.
Would Hull pay whatever it took to get a coach like Tony Smith? Again, it doesn't have to be Smith.
Do Hull spend as much as Saints developing young players, with all the associated benefits that success in this area brings?
I suspect the answers to all three are 'no'. I'm least certain about the last, but a 'yes' would beg plenty of other questions. If they are all 'no', there is nothing wrong with that - there is great value in prudent sustainability. But, it gives clubs like Saints and Wire a competitive advantage from a sports POV.'"
It was claimed at the fans forum the other week that we did agree a transfer fee to sign Myler, but he chose Warrington instead. We have tried to sign him a few times in the last few years I do believe.
The only times we appear tight is with the strict 'limits' we set for wages (such as not signing Dobson, not paying Cooke what HE thought he was worth) and also the head coach situation...but apart from that they have splashed the cash when required. Berrigan, Crocker and Long won't have come cheap.
where Hull really excel is off the field, I honestly believe we have the best merchandising outlet in SL and our sponsorship deals are at the upper end of the league too.
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Club Coach | 2362 | No Team Selected |
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Jan 2005 | 20 years | |
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| Quote: EXPRO "if its not a business then where do the profits go to??
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that is why i said hull are the only club run like a busininess.
to answer you question maybe lowering the admission fees would be a start
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Club Coach | 2362 | No Team Selected |
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| Quote: Old_Faithful_IAKW "Any business is only a business because of the thousands of customers that are prepared to part with their hard earned cash on their product. Without customers no business can survive.
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My point is most customers have a choice
I personally can not change the club i support because it is not performing
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Club Coach | 2362 | No Team Selected |
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Jan 2005 | 20 years | |
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| Quote: Old_Faithful_IAKW "
Are they the only club in SL run like a business? What makes us run more like a business than Salford or Hull KR? Just because we're the most succesful at being a business doesn't mean we're the only one run like it.'"
how many businesses lose money every year and keep going?
hull are the only club making a profit.
taking your example of hull kr and salford;
unless the government bailed them out I don't think any business would last long if they lost money every year that they traded.
Can you imaging Neil hudgell pitching to dragons den for investment in a company that lost 250000 every year and need 10000 fans minimum to break even?
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Club Coach | 2362 | No Team Selected |
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Jan 2005 | 20 years | |
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| Quote: Old_Faithful_IAKW "I don't understand what more the club can do though, we spend the full cap?'"
i've saidit before but i'll say it again,
maybe lowering the admission so we are not the most expensive club to watch would be a start. Why should the only club making a profit be the most expensive to watch?
Obviously because thats what is driving the board. No other board is like this IMO
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International Board Member | 13285 | No Team Selected |
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Feb 2003 | 22 years | |
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| Quote: Willa "Obviously because thats what is driving the board. No other board is like this IMO'"
No other board need the club to make a profit for themselves perhaps?
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Player Coach | 30356 | |
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Mar 2007 | 18 years | |
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| Quote: downtheante "But who is "Hull" in this question? Is it a benefactor that? Because if so, quite frankly, we don't have one. Hull are doing what they are doing on a sound financial basis (according to people more informed than I am on that subject) rather than on relying on someone's deep pockets. So, the business model seems to be going alright so far and it is probably one of the reasons that Richard Agar is still at the helm and why we are prepared to offer players over 30 more than a one year deal. I'm pretty sure that St Helens' gates and merchandising alone could not have supported their on-field success over the years - I suspect that someone has been helping out. As for Warrington, it is more obviously the case there.'"
saints were in a heap of trouble before mcmanus came in. He's turned them around financially
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Player Coach | 30356 | |
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Mar 2007 | 18 years | |
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| Quote: Mild Rover "The business is successful, absolutely. My point is that benefactors helping out... well, help basically.
A benefactor might make you a less successful (profitable) business, while making you a more successful sports club.'"
The problem with benefactors is they don't last forever. What state will huddersfield be in when davy goes, similarly wire with their financer. The RFL should be imposing sanctions on clubs who don't manage their finances properly
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Player Coach | 29797 | No Team Selected |
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Jul 2005 | 19 years | |
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| Quote: Willa "how many businesses lose money every year and keep going?
hull are the only club making a profit.
taking your example of hull kr and salford;
unless the government bailed them out I don't think any business would last long if they lost money every year that they traded.
Can you imaging Neil hudgell pitching to dragons den for investment in a company that lost 250000 every year and need 10000 fans minimum to break even?'"
Warrington made a profit of £160k last year, albeit on the back of the Challenge Cup. Interesting that the only clubs threatening to make a profit all have A licenses.
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Player Coach | 29797 | No Team Selected |
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Jul 2005 | 19 years | |
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| Quote: Munshkin "No other board need the club to make a profit for themselves perhaps?'"
They must all be taking salaries from the club then. FC have negative P&L reserves, so the payment of dividends is illegal.
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International Chairman | 12768 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote: Mrs Barista "They must all be taking salaries from the club then. FC have negative P&L reserves, so the payment of dividends is illegal.'"
Are payments for "consultation" and other duties performed on behalf of the club are paid , just like players wages ?
These ofshore payments, are these the ones paid into Singapore banks to Australsian players and others requiring a percentage of pay ( or image rights ?) to be paid into of shore accounts. I know the Inland revenue are now taking an increasing interest in these " funds" .
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