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Quote: Nobeerineasthull "I read it as a rallying call for the council, businesses and wider community to back the club. Not that there's anything wrong with that, but he's clearly saying more than "So long as we get 10,000 fans at every home match then everything will be ok".'"


I agree, however I believe the problem may be that although he runs a successful business, he appears not to be as successful with running the club, I believe this is because he is a fan and it gets personal who knows, however whilst this is happening I am not sure he will get the backing he wants, I believe it would be beneficial for the club to put in some-one who will approach it as a business venture, not be interested in fc and stay focused on their own club without petty rivalry, until this happens I am afraid the problems will carry on and investment will not be so forth coming.

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Quote: The Goroka Gene-ius "Lend me your crysal ball/tardis and I will take a peek.'"
I'll give you a clue, one has a successful, sustainable business plan, the other has spent money they can't pay back and is now begging to anyone who'll listen to bail them out. I'm looking forward to our future, are you doing cartwheels about yours? icon_lol.gif

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Quote: Basil Fawlty "The threat to return to the Bullyvard is still very real my friend... and let us see who has small club syndrome then... I hope City do well, England get the world cup and you people will be peppering your pants about your KC departure!
Especialy if, what i heard is true in a meeting last week, that a proposed rent increase on the kc is been considered at some point in the future,from its present ammount to approx 1.8 million.
Hull would be required to cover around one third of the increase which would amount to app 300,000 per annum, this could well be beyond Hulls capabilities and would put them in a situation where they would have to possibly look elsewhere.

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Quote: Seventies red "Especialy if, what i heard is true in a meeting last week, that a proposed rent increase on the kc is been considered at some point in the future,from its present ammount to approx 1.8 million.
Hull would be required to cover around one third of the increase which would amount to app 300,000 per annum, this could well be beyond Hulls capabilities and would put them in a situation where they would have to possibly look elsewhere.'"
And so the smc would do what to replace FC's contribution?

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Quote: Seventies red "Especialy if, what i heard is true in a meeting last week, that a proposed rent increase on the kc is been considered at some point in the future,from its present ammount to approx 1.8 million.
Hull would be required to cover around one third of the increase which would amount to app 300,000 per annum, this could well be beyond Hulls capabilities and would put them in a situation where they would have to possibly look elsewhere.'"


icon_lol.gif icon_lol.gif

Who told you the neighbours aunty who knows the uncle of a girl who is going out with a boy of one of the people's friend who attended this alleged meeting

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Quote: Seventies red "Especialy if, what i heard is true in a meeting last week, that a proposed rent increase on the kc is been considered at some point in the future,from its present ammount to approx 1.8 million.
Hull would be required to cover around one third of the increase which would amount to app 300,000 per annum, this could well be beyond Hulls capabilities and would put them in a situation where they would have to possibly look elsewhere.'"


Shocking, By my reckoning that would put us somewhere near break even icon_lol.gif

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Quote: Seventies red "Especialy if, what i heard is true in a meeting last week, that a proposed rent increase on the kc is been considered at some point in the future,from its present ammount to approx 1.8 million.
Hull would be required to cover around one third of the increase which would amount to app 300,000 per annum, this could well be beyond Hulls capabilities and would put them in a situation where they would have to possibly look elsewhere.'"

Put the sock away. There is no 'rent' on the KC, for a start.

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Quote: Vicenzo "Lets just have a look at this. A club in SL finds it cannot compete at the top level just on gates and sponsorship. In order to maintain their status the directors of the club lend it large amounts of money to enable this. The loans pile up and at some point the directors start wanting their money back. Does this sound familiar to any fans from across the City?
Just missing the end of your little story.... The club then begins to make profit year on year in very lean times... Shame that's the bit your club are missing??

Then the three long years most of the fans have supported the club have been a waste ( oh sorry that bit applies to you )

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Quote: Vicenzo "Lets just have a look at this. A club in SL finds it cannot compete at the top level just on gates and sponsorship. In order to maintain their status the directors of the club lend it large amounts of money to enable this. The loans pile up and at some point the directors start wanting their money back. Does this sound familiar to any fans from across the City?
The flaw in your argument is that the directors are also the shareholders i.e. the owners of the club.

All business owners have to be ready to put money into their business when its needed.

If the director/shareholders want their money back, the business can repay them (as and when it can afford it) or they can sell it to someone else and get their money back that way.

The suggestion that the director/shareholders would simply demand their loans back and wind up the club in order to get it is fanciful as it would render their shares worthless.

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Quote: berrigans bitch "I agree, however I believe the problem may be that although he runs a successful business, he appears not to be as successful with running the club, I believe this is because he is a fan and it gets personal who knows, however whilst this is happening I am not sure he will get the backing he wants, I believe it would be beneficial for the club to put in some-one who will approach it as a business venture, not be interested in fc and stay focused on their own club without petty rivalry, until this happens I am afraid the problems will carry on and investment will not be so forth coming.'"


Some interesting points. However, I think to date NH has done a spectacularly successful job of running the club - as a club, if not a business. Would we rather be breaking even each year in the Championship, with no prospect of ever getting a SL licence or be where Rovers are today, warts and all? I believe the B&W assessments of NH are made because they are fans and it gets personal - who knows? icon_wink.gif
If it had been treated as a purely business venture, Rovers would never have got a SL license. Also moving forward, would it not appear more incongruous for a profitable business venture to be receiving public money in such straitened times, rather than supporting an important community asset?
Tbh, I don't think sports clubs should benefit from public support. But they do and I don't see why Hull KR shouldn't ask for a slice of the pie. Though it might appear to be petty rivalry, reminding people of the support Hull FC have received is a useful political tool. Just speculating, but the £300k that was secured from the for the east stand extension may not have been won by somebody uninterested in the doings of Hull FC - there is certainly a competition for resources. It is both useful and, sadly, easy for NH to present Rovers (and by implication therefore, East Hull) as having had the rough end of things in recent years.

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However, I think to date NH has done a spectacularly successful job of running the club - as a club, if not a business.

I could have done that as well by going £450,000 over budget for 3 years with no real assets to secure the debt against. How can you say he has done a good job ????? Team has done well but what has that got to do with a loss of £450,000 each year. Look at Widnes

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I think part of the problem is that there is not enough local commercial money in the city for three top flight professional clubs.

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Quote: Nobeerineasthull "The flaw in your argument is that the directors are also the shareholders i.e. the owners of the club.

All business owners have to be ready to put money into their business when its needed.

If the director/shareholders want their money back, the business can repay them (as and when it can afford it) or they can sell it to someone else and get their money back that way.

There is no flaw in the argument. The directors of Hull SL are now after a few years having their loans (which they took out of the club in the first place) repaid over a period of time. Hudgell seems to be pointing out that the club has to stand on its own as does every sports club. It will be interesting to see if there is any "debt repayment" following SL's disatrous season just passed...I doubt it!



p.s.



The suggestion that the director/shareholders would simply demand their loans back and wind up the club in order to get it is fanciful as it would render their shares worthless.'"


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Quote: Kosh "Put the sock away. There is no 'rent' on the KC, for a start.'"


Who told you that? Was it the word famous "Wilf rent-free Rosenburg" by any chance?

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Quote: Vicenzo "Who told you that? Was it the word famous "Wilf rent-free Rosenburg" by any chance?'"


I meant to say "world famous" but it works just as well don'tyou think? icon_smile.gif

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