| FORUMS > Hull FC > We buy the Bulls |
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| International Chairman | 37704 | No
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| May 2002 | 23 years | |
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| Aug 2018 | Aug 2018 | LINK |
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| Quote: Sebasteeno "I remember no loan, i remember us getting both FCs and Gatesheads SL money (£650K - 1.3mil total) to get us restarted and we have lived with the Gateshull jibes from the rest of SL ever since.'"
So how come SLE held £500k of shares in the club, £500k that was eventually paid back to SLE? |
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| Player Coach | 584 | No
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| Jan 2009 | 16 years | |
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| International Board Member | 43413 | |
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| Jan 2003 | 22 years | |
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| Apr 2024 | Sep 2022 | LINK |
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| Quote: cod'ead "So how come SLE held £500k of shares in the club, £500k that was eventually paid back to SLE?'"
Which we had to buy back as they were due to be turned into voting shares too |
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| Rank | Posts | Team |
| Club Owner | 9673 | |
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| Jan 2004 | 21 years | |
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| Jul 2024 | May 2024 | LINK |
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| Quote: Aldy "There was also a merger payment of £1.25 million.
Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.
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| Rank | Posts | Team |
| Club Owner | 7735 | No
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| Feb 2004 | 21 years | |
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| Aug 2023 | May 2022 | LINK |
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| Quote: Diogenes "Guess it means there won't be a fire sale of Bulls players now.'"
Apologies if this has been mentioned, but they still need to balance the books. Expect the see some departures and to see them nailed on for a licence. |
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| Rank | Posts | Team |
| Club Owner | 7735 | No
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| Feb 2004 | 21 years | |
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| Aug 2023 | May 2022 | LINK |
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| Quote: Sebasteeno "I remember no loan, i remember us getting both FCs and Gatesheads SL money (£650K - 1.3mil total) to get us restarted and we have lived with the Gateshull jibes from the rest of SL ever since.'"
There were 250,000 no voting shares which all the other SL clubs subscribed to in order to make the merged club viable. These were "bought back" in 2004 (ish). The substance of these was a loan. |
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| International Star | 337 | No
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| Feb 2011 | 14 years | |
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| Oct 2016 | Oct 2016 | LINK |
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| Quote: cod'ead "Some on here really do have selective memories.
Try casting your minds back to rlNovember 1999rl When we merged with Gateshead, we received a loan of £1.25 millions and IIRC Superleague held £500k worth of shares for a number of years.
Stones & glass houses spring to mind'"
That's the one reaon I haven't been too quick to throw my views ino the cauldren, Hudds fan should do the same. |
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| Rank | Posts | Team |
| Club Owner | 7735 | No
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| Feb 2004 | 21 years | |
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| Aug 2023 | May 2022 | LINK |
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| Quote: Smiggs "Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.'"
HMRC
Lloyd bank
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| Player Coach | 10540 | No
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| Feb 2007 | 18 years | |
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| Mar 2016 | Mar 2016 | LINK |
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With the clubs all being unanimously in support of this, you'd have to suspect they'll all also vote to keep them in SL. I personally hope so. Fingers crossed for a 'proper' buyer in the close season.
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| Club Owner | 53839 | No
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| Oct 2003 | 21 years | |
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| Apr 2015 | Aug 2014 | LINK |
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Need more information but forming a judgement, it's good news they have been saved but there isn't enough detail of what happens next for me. Also I would imagine other clubs in SL who have suffered with financial troubles might be feeling a bit bitter over this news.
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| Rank | Posts | Team |
| International Star | 3607 | No
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| Dec 2011 | 13 years | |
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| Jun 2017 | Apr 2017 | LINK |
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| Quote: cod'ead "So how come SLE held £500k of shares in the club, £500k that was eventually paid back to SLE?'"
Ah yes, the famous shares, chewed up by the board, not offered to anyone else as promised. |
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| Rank | Posts | Team |
| Club Owner | 7735 | No
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| Feb 2004 | 21 years | |
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| Aug 2023 | May 2022 | LINK |
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| Quote: frepneyboy "Ah yes, the famous shares, chewed up by the board, not offered to anyone else as promised.'"
None of that statement is correct |
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| International Star | 3607 | No
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| Dec 2011 | 13 years | |
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| Jun 2017 | Apr 2017 | LINK |
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| Quote: DAVID PLUMMER "Shares will be on offer to fans to buy'" |
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| International Board Member | 37503 |  |
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| Apr 2003 | 22 years | |
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| Apr 2015 | Oct 2014 | LINK |
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| Quote: Mild mannered Janitor "None of that statement is correct ![]()
I think frepneyboy has a bit of a personal vendetta against the previous board and directors, a touch unhealthy to have not moved on.
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| Rank | Posts | Team |
| International Star | 3607 | No
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| Dec 2011 | 13 years | |
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| Jun 2017 | Apr 2017 | LINK |
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| Quote: Standee "I think frepneyboy has a bit of a personal vendetta against the previous board and directors, a touch unhealthy to have not moved on.'"
I've moved on, it is just amusing thinking back to what i've seen on here over the last 15 years.
I think we should all have t shirts that says "AP says relax"  |
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