| FORUMS > Hull KR > Neil Hudgell on RH |
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| take out his profit share and leave Hull with the liabilities!
A little like Man Utd! but on a much smaller scale!!  |
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| Quote: FONT "take out his profit share and leave Hull with the liabilities!
A little like Man Utd! but on a much smaller scale!! ![]()
You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For example: Hull, as a club, take out a bank loan and buy a new training facility. The loan will be listed as a liability on the balance sheet, the new training facility as an asset. Effectively cancelling eachother out.
What the hell is a 'profit share'.
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| Quote: Mild Rover "For the Hull board really, but Pearson's approach is (probably, going on previous experience) very roughly like a property developer. Buy it, do it up and sell it on for more than you paid up front and spent on repairs - you hope.
He's got a few things working in his favour, one or two problems to overcome and the imponderable vicissitudes of RL to worry about.'"
Yep. Although in FONT's world, this means 'leaving Hull with liabilities', whatever that means.
Personally, I see it as a good thing for Hull. Quite why some of our fans are making comments along the lines of, 'he's in it to make money', I've no idea. Surely a chairman coming in and increasing a clubs worth can only be a good thing for that club and it's supporters? It'd be an indicator of progress surely? |
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| Quote: Barnabus "You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For example
I never said selling Hull FC for a profit, dimwit.
Are you a Hull FC fan?
Or just stupid?
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| Quote: Barnabus "You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For example
You are so wrong 
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| Quote: Barnabus "You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For example
You are so wrong
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| Quote: FONT "You are so wrong ![]()
Wrong about what? be specific.
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| Quote: Barnabus "You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For example
Mrs B, please explain how the dark world of accountancy works to this poor fool, I can't be bothered with him anymore!
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| Quote: FONT "I never said selling Hull FC for a profit, dimwit.
'"
You quoted Mild Rover's post (which compared AP to a property developer 'doing the club up' to sell for a profit), and wrote 'BINGO'.
You're literally a moron, and have no idea what you're talking about.
I could take you down on the Paea thread too, complete dimwittery, but East-sard is taking care of that. |
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| Quote: Barnabus "You quoted Mild Rover's post (which compared AP to a property developer 'doing the club up' to sell for a profit), and wrote 'BINGO'.
You're literally a moron, and have no idea what you're talking about.
I could take you down on the Paea thread too, complete dimwittery, but East-sard is taking care of that.'"
Feel free to "take me down" , it is a forum after all!
Are you a Gangster? 
Or just a CHAV?  |
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| Quote: Barnabus "You quoted Mild Rover's post (which compared AP to a property developer 'doing the club up' to sell for a profit), and wrote 'BINGO'.
You're literally a moron, and have no idea what you're talking about.
I could take you down on the Paea thread too, complete dimwittery, but East-sard is taking care of that.'"
You are making yourself look silly now, stop it! |
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| Quote: FONT "Feel free to "take me down" ![]()
So, I've challenged you to be more specific, to explain what you meant, explain why I was wrong, and I get this in response? Pathetic, yet brilliant.
It's probably best you learn from this Fonty. If you know nothing about a subject, it's probably not the best idea to get involved in a public debate on the subject.
Again, I'd welcome you to pinpoint any specifics where I was incorrect?
Nah, thought not. What a gormclopse.
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| Quote: Barnabus "You're a dimwit. How can Pearson 'leave Hull with the liabilities', and why would he considering your whole argument centres on Pearson selling Hull for a profit?
It's a complete contradiction. Think about it. Any liability he left would effect the clubs worth and therefore it's sale price.
For exampletake out a bank loan and buy a new training facility. The loan will be listed as a liability on the balance sheet, the new training facility as an asset. Effectively cancelling eachother out.
What the hell is a 'profit share'.'"
FONT - the bold bit above is 100% correct. You are making yourself look daft.
I am a Chartered Accountant btw |
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| Quote: Barney Stinson "FONT - the bold bit above is 100% correct. You are making yourself look daft.
I am a Chartered Accountant btw'"
Cheers Barney (nice name). It was a very simplified example, but I guess it had to be to get it accross to a simpleton. |
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I think you're at cross purposes.
It is possible that AP could run at a loss and increase debt and still add value. As with top-end houses you're selling a dream, to an extent. So while payments and assets might be zero-sum on paper, it is about putting together an attractive package - trophies on tap, state of the art training facility recently installed and that (I'd be an ace estate agent).
He can leave Hull (the new owners) with liabilities. But if he's done it right, this isn't a case of selling the new owners a pup - they'll know what they're getting. He can't turn debt directly 1-for-1 into profit, but if spends wisely and manages the business well he can, he'll hope, get a good price for the club - debts'n'all.
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