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FORUMS > Hull KR > Rovers Accounts to 30th November 2007
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[u:3tohx7pw][b:3tohx7pw][size=200:3tohx7pw][color=red:3tohx7pw]DANNY LOCKWOOD - LEAGUE WEEKLY (18-5-09)[/b:3tohx7pw][/size:3tohx7pw][/color:3tohx7pw][/u:3tohx7pw] [i:3tohx7pw][b:3tohx7pw][size=200:3tohx7pw]I'M SURE THERE IS NO CORRELATION BETWEEN THE FACT THAT THE FRONT RUNNERS FOR THE 2009 MEDIA WHINGING AWARD ARE FROM GATESHEAD AND HULL FC, FORMERLY THE B*ST*RD-TWINS OF ONE OF RUGBY LEAGUE'S LOUSIER IDEAS.[/i:3tohx7pw][/b:3tohx7pw][/size:3tohx7pw]:40403.jpg



Quote: clubfoot fc "The top team in the city Have the initials HFC as Kooga know.'"


Mistakes are made, I mean someone gave James Rule a job at the KC.

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Quote: clubfoot fc "The top team in the city Have the initials HFC as Kooga know.'"


It's not KooGa merchandise but thanks for the tag of top team icon_wink.gif

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Quote: EAST HULL RED "It's not KooGa merchandise but thanks for the tag of top team
Is it not? My apologies. who produces it?

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Motto of the week - It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.:27608.jpg



Quote: Mrs Barista "Hull have had more income over the last few years but have also had much high outgoings including a players wage bill of £1.6m vs one of £0.4m.

I agree that neither club is in a brilliant state financially but the size of the loss Rovers made in 2007 is pretty worrying considering the playing roster that season when Paul Cooke and Mick Vella were pretty much the only big names. The payroll costs will have increased in 2008 with Newton, Galea, Crossman, Jake Webster, paying James Webster for a full season and Dobson for half - this isn't speculation as the club are on the record that they were much nearer the salary cap in 08 than 07. Crossland has also said you've increased youth development expenditure so that's an extra drain on resources. The point is that unless something startling has happened to Rovers business model it's unlikely that 2008 accounts will show a much improved position so the debt figures could well increase.

I agree that FC's level of debt will increase with the new training centre, but depending on how any ground developments at Rovers are funded, so will theirs.

Now the accounts are finally available and a bit grim, I would challenge Hudgell's claim dismissing people speculating about Rovers finances as mischief-makers.'"


Some fair and valid points there.

Should the long term liabilities at be mostly made up of directors loans from their 'wealthy backers' as i am lead to beleive they are then the accounts, though not ideal, are not as grim as they appear and are indeed much more healthier than the majority of S/L clubs.

Also worth noting that these accounts are for a 15 month accounting period with the extra three months (sep,oct & nov) being months where income would have been virtually non-existant. So again this will have adversely impacted on the profitablility of the company.

Next years accounts will certainly make interesting reading icon_wink.gif

Now any chance of a cuppa icon_lol.gif icon_lol.gif

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Quote: clubfoot fc "Is it not? My apologies. who produces it?'"


No idea.

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Quote: EAST HULL RED "No idea.'"




At least your honest unlike some on this forum.

icon_lol.gif

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Quote: clubfoot fc "Is it not? My apologies. who produces it?'"


sweat shop in hong kong icon_lol.gif

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Quote: Robbo4 "Dreary me. Is this the same man who categorically denied Cooke was about to become a Rovers player the day before he did?

Besides which it was your fan who said you asked for it, I just didn't argue the point, I have no idea if you did or didn't ask for it but I certainly dont believe your chairman as he has previous for making stuff up.'"


I sat at a Hull FC fans forum just a few weeks ago and saw these words come out the mouth of James Rule.

There are no problems with the signing of Micheal Crocker and his visa is just a formality.

We do not have any positions available on our coaching staff for Lee Crooks.

I guess people say what they feel is correct at the time.

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________________________________ Support Your Team Loyally Not Blindly. ________________________________:3906.jpg



Quote: Gavin Miller - Legend "I sat at a Hull FC fans forum just a few weeks ago and saw these words come out the mouth of James Rule.

There are no problems with the signing of Micheal Crocker and his visa is just a formality.

We do not have any positions available on our coaching staff for Lee Crooks.

I guess people say what they feel is correct at the time.'"


Mr Forum Leader please stay on topic!

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Quote: Cave Man "Mr Forum Leader please stay on topic!'"


Indeed.

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Quote: Gavin Miller - Legend "
We do not have any positions available on our coaching staff for Lee Crooks.

I guess people say what they feel is correct at the time.'"


and it was. icon_wink.gif

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Quote: Gordon Gekko "Some fair and valid points there.

Should the long term liabilities at be mostly made up of directors loans from their 'wealthy backers' as i am lead to beleive they are then the accounts, though not ideal, are not as grim as they appear and are indeed much more healthier than the majority of S/L clubs.

Also worth noting that these accounts are for a 15 month accounting period with the extra three months (sep,oct & nov) being months where income would have been virtually non-existant. So again this will have adversely impacted on the profitablility of the company.

Next years accounts will certainly make interesting reading

With regards to the long term liabilities, I believe they are the same as Hull's, with them being accounted for as directors loans. A 'loan' would inply that the money is to be paid back at some point, or will they be written off, with the wealthy backer effectively making a donation?

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Quote: Gavin Miller - Legend "I sat at a Hull FC fans forum just a few weeks ago and saw these words come out the mouth of James Rule.

There are no problems with the signing of Micheal Crocker and his visa is just a formality.

We do not have any positions available on our coaching staff for Lee Crooks.

I guess people say what they feel is correct at the time.'"


Apart from Humberside had already "broke" the story about Cooke by then you mean? He specifically said Rovers had not had any contact with Cooke and as far as he was concerned they were not interested in him. He signed the next day IIRC.

The Crocker situation was pure speculation by Rule as he would have no idea about the likely success or failure and indeed even said "the club know as much as you" so he was stating his opinion.

As for Crooks who knows, as it was weeks ago maybe something came up.

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Mo. "Show Homer the exit Barney" Barney. "There's an exit?":



Quote: PAUL M "Where's Vince icon_wink.gif

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