FORUMS > Hull FC > Hull FC lose £300k |
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40717_1310644052.gif [quote="EL CAMO":fjdx2oe5]The majority of fans at Craven Park...are idiots who know nothing about the game.[/quote:fjdx2oe5]:d7dc4b20b2c2dd7b76ac6eac29d5604e_40717.gif |
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| Quote: major black "14500 isn't break even, 14500 and he'll start to claw back money. Which is not too much to ask for a winning side. I'm just thankful the last board have gone. In AP we trust
Not to mention the new SMC user agreement which will be more cost effective and will bring that required average down!!
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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 |
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| Quote: major black "14500 isn't break even, 14500 and he'll start to claw back money.'"
I don't see a distinction. Unless 14499 is break even.
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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 |
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| Quote: FC Wembley 08 "Not to mention the new SMC user agreement which will be more cost effective and will bring that required average down!!'"
Any thoughts on what Pearson is aiming/hoping for there?
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41353_1310121834.jpg Never mind the bollox,bring on the rugby::d7dc4b20b2c2dd7b76ac6eac29d5604e_41353.jpg |
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| Quote: SirStan "No it doesn't. Who exactly said Rovers see 8k+ as a success?
Success should be measured in the trophy cabinet when talking about sports clubs and in that respect both clubs are failing to meet aspirations.'"
Didn't Hudgell say this time last year that 10k crowds wee needed to break even,hence the urgency for ground re-development?
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He was right in the end: |
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| Quote: SirStan "No it doesn't. Who exactly said Rovers see 8k+ as a success?
Success should be measured in the trophy cabinet when talking about sports clubs and in that respect both clubs are failing to meet aspirations.'"
No 8k isnt success when 10000 is needed.
Remind me was it 2010 when the 14k capacity Poorhouse Lane would be open?
As for cabinet full of trophies,
er,
our last one is from 2005.
Your last major one was, er.
hmmm
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He was right in the end: |
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| Quote: Mild Rover "Any thoughts on what Pearson is aiming/hoping for there?'"
Ridding the club of the current mill stone is a start
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Thank you Adam Pearson for giving the faithful hope: |
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| Quote: voodooroo "AP comes in ,
1, covers the tax debt and god knows what else himself,
2, listens to the fans,
3, is honest with the fans wether we like what he is saying or not its warts an all honesty .
4, bins all the deadwood and brings in the best he can get his hands on to turn the ship around .
5, promotes the youth internally.
6, looks to invest even more cash than he already has
and asks nothing more than support of the new regime and a chance from us lot!!!
we should all be thankful that AP has taken over FC as he clearly seems a man of immense integrity and honesty, the more i see what he says in the press etc the more I like the guy and we should ALL get behind him 100% and push those gates back to where they should be and reward Mr Pearson for taking on what is clearly a huge job on all fronts but a job he has done quietly and professionally whilst steadying the ship at the club I love ..
in AP we trust and my family will support the new regime at all times!!'"
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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 |
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| Quote: frepneyboy "Ridding the club of the current mill stone is a start'"
I quite like playing with numbers - I was just wondering what people might think would be a desirable and realistic alternative arrangement. There may be algebra later - be warned.
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25916_1384945916.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_25916.jpg |
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| Quote: Mild Rover "I don't see a distinction. Unless 14499 is break even.'"
surely (I could be wrong I'm not an accountant.) but with a 300k debt you would ony break even again once that debt is cleared and the balance sheet reads 0 and to do this you must generate more income than what goes out. So if AP says we need to be at 14500 to balance the books then 14500 will bring in the revenue needed to clear the debt and balance the books. Well thats how I read it anway. Feel free to put me right but I really couldn't give $hite. A challenge cup win and a grand final apperance and everyones a winner.
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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 |
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| Quote: major black "surely (I could be wrong I'm not an accountant.) but with a 300k debt you would ony break even again once that debt is cleared and the balance sheet reads 0 and to do this you must generate more income than what goes out. So if AP says we need to be at 14500 to balance the books then 14500 will bring in the revenue needed to clear the debt and balance the books. Well thats how I read it anway. Feel free to put me right but I really couldn't give $hite.
I read break even as an annual thing. When Rovers go on about the 10k crowd, that would make us sustainable, not clear the accumulated debts. Tbf, Pearson may not be speaking in a way that is technically precise. It'd be exhausting to analyse your every utterance in that way. And we're here to do it for him, anyway. No need to thank us Adam!
That is what matters.
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| Quote: major black "surely (I could be wrong I'm not an accountant.) but with a 300k debt you would ony break even again once that debt is cleared and the balance sheet reads 0 and to do this you must generate more income than what goes out. So if AP says we need to be at 14500 to balance the books then 14500 will bring in the revenue needed to clear the debt and balance the books. Well thats how I read it anway. Feel free to put me right but I really couldn't give $hite. A challenge cup win and a grand final apperance and everyones a winner.
I've been reading things slightly differently, he said we've amended the valuation of the players on the balance sheet, so this "loss" isn't actual money as opposed to a downgrade in the valuation of the squad...
or have I got it completely wrong?
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| Quote: major black "surely (I could be wrong I'm not an accountant.) but with a 300k debt you would ony break even again once that debt is cleared and the balance sheet reads 0 and to do this you must generate more income than what goes out. So if AP says we need to be at 14500 to balance the books then 14500 will bring in the revenue needed to clear the debt and balance the books. Well thats how I read it anway. Feel free to put me right but I really couldn't give $hite. A challenge cup win and a grand final apperance and everyones a winner.
I would certainly have thought so as the break-even point is defined as the point where sales or revenues equal expenses. There is no profit made or loss incurred at the break-even point. This figure is important for anyone that manages a business since the break-even point is the lower limit of profit when setting prices and determining margins
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3738_1390436317.gif The referee's indecision is final:d7dc4b20b2c2dd7b76ac6eac29d5604e_3738.gif |
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| the large tax bill that has been mentioned - i know AP has said we have reached an agreement with ours but are any other superleague clubs about to be faced with a similar bill, and as it relates to overseas players are some clubs (those who, you know, have one or two more than other clubs) about to get hit with a big bill?
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the original sandy, no aussie imitation!: |
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| Quote: Standee "I've been reading things slightly differently, he said we've amended the valuation of the players on the balance sheet, so this "loss" isn't actual money as opposed to a downgrade in the valuation of the squad...
or have I got it completely wrong?'"
in the article AP states that if match day revenues don't increase you will continue to trade at a loss which he will have to fund personally, that to me suggests it's real money he is talking about you losing rather than any "creative accounting " about the "value " of your players that Kath and her cronies had on your balance sheets, so yes you might be wrong there.
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16590.gif :16590.gif |
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| Quote: Mrs Barista "Parasol's sponsorship of Rovers last year was £nil according to their accounts.
You should know, accounts on paper mean absolutely nothing.
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