I thought that it was usually considered good practice to change the auditors every few years (providing of course it isn't because those being replaced put in some unfavourable comments) to avoid cosy relationships developing.

Quote: east hull FC fan "Thought Standee said it was to 21/10/2010?'" Guess it was a typo. Here are the company details on the companies house website: wck2.companieshouse.gov.uk/bfafa ... ompdetails

Quote: east hull FC fan "Thought Standee said it was to 21/10/2010?'" Guess it was a typo. Here are the company details on the companies house website: wck2.companieshouse.gov.uk/bfafa ... ompdetails

It doesn't really matter when he was purchased, as that value will go onto the balance sheet and not effect profit. As it seems Westerman's fee is being treated as an asset, the value of the fee will only be released into the P&L while he is a contract employee, or his 'economic life' (I think that's the terminology). So it will start being depreciated from November 2010 onwards. Based on the 'accruals concept' if you fancy abit of light reading

The club has done exceptionally well making a profit for 6 years running, but they have also been saying that they would be building a custom training facility for the club over the same amount of time. Why havent they taken a hit in the profits to provide this? Having seen Wigan and Leeds facilities on sky over the years I think a club like ours needs something similar instead of a shared base such as Ionians. I'm sure that this would help improve us as a team and club.

To be fair (and you will know my thoughts on the BOD if you've been reading for a while), we were building at Hull University and that went by the way side, then we had agreed with the NHS and Hull City Council to build the facilities at The Boulevard and we all know that Minns minced all over that.

as a business i think the current BOD prove their point of existence year in year out... profitability makes life much more comfy for the club and fans

But Mr Allmas not happy because they are taking money out of the club or so he implied anyway!

Because of course we must all remember that he would "never make money from sport"
he would merely buy Hull City, Rovers, The KC and so on and run it all as a non profit making organisation ha ha

No they haven't. Used Sadofsky's for a few years now.

Apologies for being wrong about the auditors
Shows how long it is since I last looked at the accounts

Amortisation of transfer fee's is done on a straight line basis over the life of the initial contract. Simple as.

As has been pointed out, the accounts are for Oct 2010 so the fee had only just become payable and Westerman became a Hull employee from Nov 10 onwards. The fee paid for Tansey would still have been carried at a net book value at that time though.

If they are turning over less than £6.5m they are theoretically exempt from Audit (not sure if they took the exemption).

There are far too many ways to take a slice of the cake without it being in the form of a dividend

You're right, but value probably £15k ish? Think the fee was only £30k.