In todays Mail FC announce that they have posted a profit for the 6th year in a row. Its down on the previous year but still around £30,000. www.thisishullandeastriding.co.u ... ticle.html

In todays Mail FC announce that they have posted a profit for the 6th year in a row. Its down on the previous year but still around £30,000. www.thisishullandeastriding.co.u ... ticle.html

Good news and impressive given that there was no Challenge Cup run.

Excellent achievement in the present climate.......

Great stuff and quite surprising. Hope he makes some comments on having the fanbase and management competence to provide a sustainable business model.

Dobbins must be due any day

Great news, but I expect the run to end this season, with the downturn in crowds, corporate tickets and the transfer fees we have paid out.

To be fair, a home draw in the cup could make up for a lot of that. And hopefully, a home play off game.

Good news, with westman signing and gates down slightly I doubt that we will make a profit next year unless we make at the semi finals of the CC and the play offs.

Fantastic achievement by the club in the current climate especially when you take the fact that we went out in the 4th round of the cup and the 1st round of the play offs. Well done to all concerned.

What's the point? Can't we just get someone to bankroll us?

You'll give Standee a heart attack with that attitude.

Great news (again) well done to the club.

I don't agree, with the Westerman and Tansey signings both coming out of those figures and Tansey's "value" missing from the assets I think it was a good result to post a £30k profit, I expect similar for thsi season, if not a little more.

It is concerning that we're making such a low profit though, from a business (not sport) perspective.

With transfer fees not being a traditional expenditure in rugby league, I'd say that 30k + Westerman's fee, is a fairly respectable profit,

What is our turnover?

I think the only reason for showing the players as intangible assets is from a company valuation. It would be difficult to value a company above £3m with fixed assets of £400k only turning over a £30k profit. There would be some small added value for goodwill but thats about it.