FORUMS > Hull KR > "In which case , do I want to carry on ? " |
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: General Zod. "Leeds didn't make a profit and had Hull SL Ltd. paid a full salary cap, they wouldn't have made a profit either so your sentiment is wrong.
'"
The last filed accounts for Hull were 2008 when we spent to the full cap. HTH
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: Jake the Peg "Who to believe
A lawyer or some compulsive liar
MMM decisions decisions
Are they mutually exclusive?
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| Quote: Jake the Peg "The last filed accounts for Hull were 2008 when we spent to the full cap. HTH
Perhaps Mrs B could enlighten us why AFAIK Hull are the only club to include the transfer prices of their players in the balance sheet. ?
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33809_1522680904.png 'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
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| Quote: Mrs Barista "
There is not one shred of evidence that Rovers would sell out a 14,000 stadium on a regular basis. If anything the fact you are unable to sell out what you have now is a solid reason for commercial investors not to put any money in. It's silly to predict the elasticity of demand in such aggressive terms when your average gate has gone down this year despite a regular season 4th place. In the current environment it's hardly an attractive investment.
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It is about adding quality as well as capacity. However, it is a big issue and not just or even primarily for Rovers.
Do you think that Wakefield's and Salford's attempts to get new stadiums built, and the franchise system pressuring them to do so are commercially unwise? Genuine question. Saints don't often sell out Knowsley Road but they are planning a replacement with a slightly bigger capacity.
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| Quote: General Zod. "Leeds didn't make a profit and had Hull SL Ltd. paid a full salary cap, they wouldn't have made a profit either so your sentiment is wrong'"
For starters Leeds made a profit after tax in 2008 of £760,610. Read their accounts - they make every other club look like extremely poor relations. That said, FC are a strong second financially. These are facts, and the Hetheringtons are the common denominator. I know you don't like it, but that's just the way it is I'm afraid.
Quote: General Zod. ""Hull SL Ltd." (previously "Gateshead SL Ltd." after it's inception as "Made Later Ltd."icon_wink.gif was created in 1998 and has had Sky money for every year since, with the fortune of the KC Stadium generating an increased fan-base which also removed the need to invest in "game-day facilities", specifically.
"Hull Kingston Rovers FC Ltd" has been trading since 1905 and is therefore still subject to the substantial knock-on effects (such as having to invest in "game-day facilities"icon_wink.gif of the ground switch in the early '90s under the Chairmanship of Colin Hutton[/i]'"
SL cash, but SL outgoings like a £1.6m salary cap vs a £0.4m one you mean. Funny how a few years ago you were crowing over us getting stiffed by the SMC, now you've done a 180. . Make your minds up.
You may be right. But neither team even got to a semi final last year, we're both on zero points, our debt is half of yours and our fantastic merchandise operation is servicing Christmas demand with great new ranges and cash in the tills like a well-run retail operation should be over this key trading period. Cheer up. Your 2 new internationals will be here shortly
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| Quote: Jake the Peg "Who to believe
A lawyer or some compulsive liar
MMM decisions decisions
It's not fair only giving him Hudgell as a choice.
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| Quote: Big Spender "Were they the accounts you went against your accountants advice and improved the figure by £780,000 at a stroke
Your numbers are wrong, as usual. But let's adjust for the valuation and then compare:
FC's net liabilities 2008 : -£184,000
KR's net liabilities 2007 : -£1,098,000 (before the last 2 years losses).
Of course you know that the valuation has no impact on the financial profit, don't you?
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[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
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| Quote: General Zod. "Leeds didn't make a profit and had Hull SL Ltd. paid a full salary cap, they wouldn't have made a profit either so your sentiment is wrong.
'"
Leeds would have made a profit were it not for the cost of the remedial work to the foundations of the southstand,
And this was in a year when they won the league, the GF and even afforded to go on an expensive pre-season trip
Mr Hetherington has also put us in a position where we can use money we have to improve the stadium and dont need to go the council with a begging bowl
we also have about £10million in the bank which will be used to rebuild the southstand,
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fonds blancs/Sid.gif I have lost interest:fonds blancs/Sid.gif |
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| Back to thread
"Do I carry on ?" - I really feel he is trying to get out and save face b4 it goes 'pop' nest season - not enough investment and too weak in the forwards , losses means lower crowds . Then does he fire Justin ?
I think HUdge the fudge will be gone by next Summer
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| Quote: SmokeyTA "Leeds would have made a profit were it not for the cost of the remedial work to the foundations of the southstand,
And this was in a year when they won the league, the GF and even afforded to go on an expensive pre-season trip
Mr Hetherington has also put us in a position where we can use money we have to improve the stadium and dont need to go the council with a begging bowl
we also have about £10million in the bank which will be used to rebuild the southstand,'"
I'd not seen Leeds accounts before but was frankly shocked at how strong your financial statements are. A completely different league to everyone else.
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33809_1522680904.png 'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
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| Quote: Tarquin Fuego at 8.23am "
He is looking to get out b4 it goes 'pop' ...'"
Quote: Tarquin Fuego at 8.23am " now he is looking for a way out b4 it all goes 'pop' ...'"
Quote: Tarquin Fuego at 8.23am "I really feel he is trying to get out and save face b4 it goes 'pop' '"
Tarquin could you just clarify whether or not you believe he is looking to get out b4 it goes 'pop'?
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| Quote: Mild Rover "It is about adding quality as well as capacity. However, it is a big issue and not just or even primarily for Rovers.
Do you think that Wakefield's and Salford's attempts to get new stadiums built, and the franchise system pressuring them to do so are commercially unwise? Genuine question. Saints don't often sell out Knowsley Road but they are planning a replacement with a slightly bigger capacity.'"
In a competition with only 2 clubs making profit, even if you got to 14,000 capacity that's no guarantee of a return for an investor in facilities. Not just for Rovers, for any team. There is over-reliance in the sport on a dozen individuals propping the clubs up, which is clearly a risky position to be in when these individuals' circumstance change and they want their money out and clubs need to find a buyer of a broken business model. All a bit depressing.
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33934.gif BLACK AND WHITES
East is East,West is West,
and never the twain shall meet.
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"I" said the sparrow "With my bow and arrow.":33934.gif |
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| Quote: Mild Rover "Tarquin could you just clarify whether or not you believe he is looking to get out b4 it goes 'pop'?'"
He will weasel out of giving you an answer.
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| Quote: Mild Rover "Tarquin could you just clarify whether or not you believe he is looking to get out b4 it goes 'pop'?'"
A bit ambiguous, isn't it?
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