I'm sure it was stated on the radio a short while ago that the council still own @ 40% --probably been diluted by all the managers share options and general 'gravy training'!

I'm sure it was stated on the radio a short while ago that the council still own @ 40% --probably been diluted by all the managers share options and general 'gravy training'!

???
Er no they didnt they sold a proportion of the company via a share issue!!(e.g selling stocks and shares in the company).
They still have a large proportion of the company which is still owned by the council!!
Selling the rest would give the concil another big payday!! and maybe another smaller version of the KC for the east of the city

No the council have about 40% of the shares left and the original selling price was £2.25 , lucky if you get 75p for them now. The announcement of any sale of the councils holding will send prices crashing so my price for the council sale will be 60p ..................

Is 40% not a large proportion then and where have you got the figure of 40% from anyway??
It all depends how the buying is done!!
If the buying company buy up all the other shares until they have I think its 51% then unless im mistaken they have to pay the going rate or above for the remaining shares!!

Why don't they ask David Lloyd?



Seriously though, this is effectively the David Lloyd situation happening all over again as all of the £2.8M debt is owed to the board themselves - they are the creditors







Trying to find a person who will buy an RL club with this much debt would prove to be incredibly difficult...

Thank god our beloved Hull Kingston Rovers is run by true fans and not the likes of Hetherington and co...

But they will pay that off this year wont they??
After all they cant be paying their top earners much can they??
I mean £20,000x20 it only come's to 4mill..........................
Oh crumbs!!

Realistically who in their right mind (other than a fan) would buy a RL club? To buy Hull they would have to spend 2. something to pay off the existing debt, then pay whatever the assets/value of the club was (not much despite their creative accounting!). That would be close to 3million you would think. And the return? Last year 4 grand! Leave the money in the bank mate!!

I would think quite a few of Hulls first team are on more than £20,000; but I'm not sure that £20,000 x 20 = 4 million

It isn't difficult to make a business run at a large loss,especially when the debt is owed to the directors who are running the business.

Its Wovers year I tell yer, honest it is

Besty directors are not idiots there business men/women. If they don't get a return they will bail out. kath hetherington for example.
im not winding you up or anything but the title of this thread is closer than you think. This has gone on for years and always will.

considering we have a salary cap of £1.8million...that is what we spend on wages.

and we have minimal other staff, only plummer, kath, the marketing guy, and some shop and admin staff...which wont be breaking the bank.

i know

Whoops im seeing extra zeros again

This thread is becoming reality

Why is it,because we've changed our coach?imo it's less likely to happen now kear has gone.And if the rumoured buy out comes to fruition we'll be even further ahead.

Erm because of your recent result's, Knocked out the Challenge Cup at the first hurdle. The clear showing by your board of what your club is all about with the sacking of John Kear. And for a buy out it obiously means there is something there that Hetherington is worried about. If Hull was on such a good footing then she wouldn't sell would she Especially for the amount rumoured to be involved? Sinking ship I'd say. While at Rovers everything is quite the opposite.

And it's less likely to happen now you've a new coach? What with Mcnamara Pahhhhh stop kidding yourself. Whats true is at the moment your team is on the slide and Rovers are most certainly on the up.

Disagree and you'll be laugthed off this board like the fool you are.

Hull on the slide? Read my post (on the other Hull Fc forum) regarding results since last May and I think you will realise that Hull with the exception of the C Cup and play-off game last year have been poor for almost a year. Off the field discipline is at the root cause of this and Plummer and Swain have intimated this recently. Kears departure may resolve this issue.

As far HKR on the up, well only time will tell. I have yet to watch you this year but for me you have not faced anybody who you would expect to have given you a half decent game apart from Bradford and Hull who both beat you. If you manage to beat the likes of Leigh and Widnes then you may allow your self bragging rights if you forget to take in to account:

The last derby
The one before that
The one before that (Moral victories discluded)
Fan base
Super League
KC stadium
Average attendances
Annual turnover
Sponsorship deals
.....etc etc

Its a bit like the England / Scotland, Man U / Man City thing. Once in a while the fans at the inferior nation / club have an opportunity for a gloat at the other teams expense and good luck to you. It has been a long time coming.

Unfortunately ,as in the examples I have used, this will be very fleeting and normal service will resume shortly.

Enjot you moment of "triumph"

Enjot it we will

I'd have been more concerned if we'd stuck with kear,i think they did the right thing and was one of the first to say so.What difference losing away to bradford narrowly in the challenge cup makes to your arguement i don't know.

As for the buy out,you could look at it 2 ways,if someone came in to buy rovers you'd claim it was because the investor had recognised the potential to develop the club and take it to the top,but because it's Hull everyones jumping ship.Have you read the article in tonights paper regarding the shareholders acting as gaurantors for a £500,000 mortgage to build our ambitious training complex?hardly the actions of a sinking ship.

You ridicule mcnamara without having any knowledge of his coaching abilities,i'll bet he knows more about the game than you could ever dream of knowing,so what makes you qualified to assess and mock his credentials?Did he not turn rovers down when they approached him?

as for rovers being on the up,come back in 6 months when you've got something to back your claims up with,it's just the annual hot air that comes from craven park and usually ends in a flood of tears.

So you ridicule McNamara eh.

Well FYI McNamara will more than likely sign a new four year deal with Bradford and WILL be their next first team caoch, when Nobby stands down. The likelyhood of him coming to Hull is diminishing by the hour. But it could be worse Hull could have ended up with Morgan!!!!! Thankfully you've got him.





Perhaps you should aim your comments on McNamara's coaching ability towards the Bratfut message board its more relevant there!!!!

There's a big difference between a "buyer coming in" to buy a club and the current owner actively seeking to get rid. Not another "the people of hull have thwarted me" David Lloyd dummy spit scenario is it?

i see you're giving spegs the clap again