FORUMS > Hull KR > Rovers 2008 Accounts |
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easty wrote"If you want to watch the best R.L players in the country then at the moment you'll be choosing Leeds or Hull F.C. If you want to watch your R.L in one of the best stadiums in the country you'll be again wanting Hull F.C.": |
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| Quote: Gordon Gekko "
I don't have all the answers but the clear difference between the two clubs is the ability to facilitate corporates on matchdays.'"
The retail sides of both clubs are also poles apart as are the attendance figures.
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Rank | Posts | Team |
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27608.jpg 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 |
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| Quote: BESTY "The retail sides of both clubs are also poles apart as are the attendance figures.'"
Attendance wise historically Rovers have always had less than Hull so i don't see that as too significant in all honesty. The retail and merchandise side if the business is a work in progress but the facilities for corporates are virtually non existent.
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International Board Member | 317 | No Team Selected |
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Feb 2003 | 22 years | |
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3906.jpg ________________________________
Support Your Team Loyally Not Blindly.
________________________________:3906.jpg |
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| Quote: Gordon Gekko "It overstates Fixed Assets simply because it is against standard accounting practice. I don't know of many companies that include their employees as fixed assets in their y/e accounts.'"
How do you know that Hull KR are not also adopting that accounting technique with tangible assets at Nov 2008 being valued at £1,302,758, when to the best of my knowledge Hull KR do not own Craven Park?
Quote: Gordon Gekko "TBF Rovers accounts are terrible there is no doubts about that and they don't have the luxury of a 25000 all seater stadium and 27 corporate boxes to generate income. '"
But should Hull KR have spent as though they had the luxury of such revenue that can be achieved from such a facility? A bit of heart ruling head from the Hull KR directors over the last few years. The board must have known for a couple of years that the sums are not adding up?
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Rank | Posts | Team |
Player Coach | 5139 | No Team Selected |
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Sep 2006 | 18 years | |
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Dec 2014 | May 2013 | LINK |
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27608.jpg 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 |
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| Quote: Cave Man "How do you know that Hull KR are not also adopting that accounting technique with tangible assets at Nov 2008 being valued at £1,302,758, when to the best of my knowledge Hull KR do not own Craven Park?'"
Just a guess here but i'm pretty sure they would have had to provide receipts
and they are depreciating these assets so it not likely to be Land or Buildings.
Quote: Cave Man "But should Hull KR have spent as though they had the luxury of such revenue that can be achieved from such a facility? A bit of heart ruling head from the Hull KR directors over the last few years. The board must have known for a couple of years that the sums are not adding up?'"
Dunno, maybe you should ask them. I am pretty sure they expected to run up some losses during their first 2/3 years but they backed these losses up with their own cash afaik.
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Rank | Posts | Team |
Moderator | 12646 | |
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Jun 2007 | 17 years | |
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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: Nobeerineasthull "I agree Gordon. All credit to Rovers' directors for their financial support during a critical period.
Exactly the right questions. A plan needs to be put in place, as does a back up. If revenues can't be raised (which'd be the obvious plan A, shorn of any detail), costs would have to be cut. If, for 2011, Galea's place was taken by Cook, with Taylor and a reserve player each taking a step up, I'anson replaced Cooke, Hall (for example) was brought in for Webster and Walker was replaced more cheaply, then the team would be weaker - but probably not catastrophically so. Huddersfield would have to run an amateur squad to get close to break even by trimming the squad budget, if the figures bandied about on here are accurate. You have to be realistic - if most other teams are willing and able to continue running at a loss to spend to the cap, and Rovers are not then it is going to be more difficult. As long as it is planned for and accepted by fans, I can imagine worse fates.
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Player Coach | 29797 | No Team Selected |
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| Quote: Cave Man "How do you know that Hull KR are not also adopting that accounting technique with tangible assets at Nov 2008 being valued at £1,302,758, when to the best of my knowledge Hull KR do not own Craven Park?
But should Hull KR have spent as though they had the luxury of such revenue that can be achieved from such a facility? A bit of heart ruling head from the Hull KR directors over the last few years. The board must have known for a couple of years that the sums are not adding up?'"
The £482k added in 2008 could be the East Stand extension?
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Rank | Posts | Team |
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Jul 2005 | 19 years | |
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| Quote: Gordon Gekko "Attendance wise historically Rovers have always had less than Hull so i don't see that as too significant in all honesty. The retail and merchandise side if the business is a work in progress but the facilities for corporates are virtually non existent.'"
I think you're being generous there. There is huge unserviced demand for Rovers merchandise which pretty poor at this time of year. Rather than spend £100k+ on Joel Clinton, why not spend a third of that on someone with the experience and customer insight to sort out this side of the business. Bizarre allocation of resources to not prioritise this revenue stream. Corporate facilities need capital investment, but a decent retail manager is far cheaper and could have a big impact. FC can turn over £1m on merchandise in a good year - madness not to prioritise it IMO.
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Rank | Posts | Team |
Moderator | 12646 | |
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Jun 2007 | 17 years | |
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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 |
Moderator
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| Quote: Cave Man "
But should Hull KR have spent as though they had the luxury of such revenue that can be achieved from such a facility? A bit of heart ruling head from the Hull KR directors over the last few years. The board must have known for a couple of years that the sums are not adding up?'"
If it was been run purely as a business, then no, but I don't think it was. Sport can be a fun leisure activity too - remember? Without a bit of heart ruling head Rovers would still be becalmed in the lower leagues, I'm 99% sure of that. The years of sums 'not adding up' have, with franchizing coming in, been ones of necessary rapid growth. Losses were anticipated, that has been admitted - whether they have been dramatically worse than expected is unclear. That they can't continue forever, is something fans have to accept.
Out of interest, is your sig aimed at us or the overoptimistic amongst Hull fans or both?
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Rank | Posts | Team |
Moderator | 12646 | |
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Jun 2007 | 17 years | |
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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 |
Moderator
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| Quote: Mrs Barista "I think you're being generous there. There is huge unserviced demand for Rovers merchandise which pretty poor at this time of year. Rather than spend £100k+ on Joel Clinton, why not spend a third of that on someone with the experience and customer insight to sort out this side of the business. Bizarre allocation of resources to not prioritise this revenue stream. Corporate facilities need capital investment, but a decent retail manager is far cheaper and could have a big impact. FC can turn over £1m on merchandise in a good year - madness not to prioritise it IMO.'"
Tbh, much as I would like to see a new prop, if it was a straight choice I'd be inclined to agree. IIRC, Rovers did appoint a new marketing manager not long ago, so hopefully things will get better.
New signings create optimism that will feed through into sales of merchandize too - though I offer that as mitigation rather than justification.
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| Quote: Mild Rover "Tbh, much as I would like to see a new prop, if it was a straight choice I'd be inclined to agree. IIRC, Rovers did appoint a new marketing manager not long ago, so hopefully things will get better.
New signings create optimism that will feed through into sales of merchandize too - though I offer that as mitigation rather than justification.'"
Agreed you're going into your 4th SL season with a fanbase of 8,500 so you don't need Clinton to stimulate merchandise demand, it's already there but is not being met. You can't really spend £1.6m ish on player wages, completely skimp on retail expertise and then complain about lack of revenue.
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Rank | Posts | Team |
International Board Member | 317 | No Team Selected |
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Feb 2003 | 22 years | |
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3906.jpg ________________________________
Support Your Team Loyally Not Blindly.
________________________________:3906.jpg |
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| Quote: Mild Rover "If it was been run purely as a business, then no, but I don't think it was. Sport can be a fun leisure activity too - remember?
I find myself in agreement with you on this one. Recent retail experience suggests that, in this area at least, we are still thinking in NL1 terms. It needs some priority, because as you rightly say, it doesn't require much investment, just some experience.
Right, I need to give myself a talking to, I don't want to ever have to begin a post like that again!
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| Quote: The Goroka Gene-ius "icon_surprised.gif
I find myself in agreement with you on this one. Recent retail experience suggests that, in this area at least, we are still thinking in NL1 terms. It needs some priority, because as you rightly say, it doesn't require much investment, just some experience.
Right, I need to give myself a talking to, I don't want to ever have to begin a post like that again!
Don't beat yourself up. Even cabbages like me can see the bleeding obvious.
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| Rovers average gate for their third season in Super League compares very favourably with Hull FC’s third season average gate.
Hull FC 5,939
Hull KR 8,501
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Rank | Posts | Team |
International Board Member | 43413 | |
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Jan 2003 | 22 years | |
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3614_1281651917.jpg [url:2qyny6du]https://twitter.com/Mr_Hutchie[/url:2qyny6du]
[b:2qyny6du]@Mr_Hutchie[/b:2qyny6du]
[url:2qyny6du]http://www.pitchero.com/clubs/hullwykearlfc/[/url:2qyny6du]:d7dc4b20b2c2dd7b76ac6eac29d5604e_3614.jpg |
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| 6928 but dont let facts get in the way
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