Happy new year

Happy new year. We thought we'd take the limelight off you after your rousing performance against Featherstone.

Pretty poor form by you in all accounts this Phil



Knowing full well we would be and most of our fanbase did too. Lets keep the banter onto on the pitch performances... See where that gets you.

Not surprised we made a loss last year with the fall in gate money. Interesting that we likely made a profit in previous seasons largely on the back of keeping costs unrealistically low - something many suspected to be fair. Certainly plenty of skeletons being exhumed from closets.

Don't think this is a surprise to anyone really low crowds will have hit the club, But as Pearson says lack of investment over a period of time in the long run will lead to losses.

Actually looking on the bright side of this it means he wont suffer poor performances and will ensure Gentle is actually doing the job we expect him too. just pleased too hear he's still on about further investment, which as others have pointed out shows he's here for the long run not short term..

Tip of the iceberg comment becoming relevant ?

No. Lets face it your team would love to post losses of just 300k.

Things not so good eh?

Best thing thats happened to your club is Mr Pearson, finally some of you can now take your heads out your a***s!!!

Some did say just how much Kath et al were raping out of our club

Have you stopped your £450k pa losses yet?

How much was the last loss we posted?

Love all the pathetic Rovers trolls trying to make this a majorly bad news story. IMO it's great news, shows that there is work to be done but we have the right man to do and make sure investment in the club increases to create success, more fans and more revenue. Yes the loss is a negative but it's hardly a shock, we all knew it was coming.

Shows the old board for what they were too, once the profits were dwindling they wanted out, good riddance!

Think it was around the 250k mark with debt of around 2.1m which wont account for the forthcoming tax bill plus the 1m loan you still owe to Allam.. Probably a blip for you just as this is a blip for us. People were sick and tired of Agar/Board so acted by not going to games and who can blame them. This coming season we will post another loss due to the tax bill but then it is onwards and upwards.

Can I ask a serious question.

What long term investment is AP taking about? Obviously it isn't the stadium so what then

Infrastructure, training facilities, actually spending full cap.

East stand extention
New north stand
new south facilities
Saltend trainign ground
World class stars like Willie Mason

Oh hang on, thats you

Love that the dobbin trolls don't realise that its taken years of poor investment and not spending full cap to drag us down to where, basically, they're ecstatic about being.

Just ignore the red n white idiots. Were in a mess but thankfully now have the right people on board to get us out of this and quickly.

Is the loss for the calendar year IE Jan 2011 - Jan 2012 ?

And nobody has yet come up with any actual figures.

Just to be clear, this article shows underinvestment [iinto[/i the club rather than excessive amounts of money taken [iout[/i of the club. That may be another skeleton waiting to be unearthed but as yet there's no evidence that it happened.

It was actually a serious question, nevermind

Another reason to be glad we're shut of them all.

Whether said tongue-in-cheek or not, Sadofsky's did 'qualify' FCs financial statements and the reasons for this will have been investigated by APs advisers (one would have thought).

I have to say I dont like the way AP is spinning FCs losses; on face value it suggests he was kept in the dark about them. If he was, then he isn't the astute businessman I thought he was. Surely APs advisers scrutinised the books going back a minimum of 3 yrs, and been privvy to the latest trading estimates (monthly accounts, budgets, cash flows etc) at the time of buying the club. APs advisers will have highlighted the downward curve in gate receipts and other revenues, and conducted a detailed analysis of expenditure. AP will have been well aware of the loss situation.

Plus, a proportion of the losses will be of his own making, a product of his internal review which will probably impact more in the current financial period ie settlements re Agar, Obst, Rule and other staff unless he has a case to claw them back into the 2011 financial statements. Plus he has appointed Mcrea, Gentle, additional coaching staff, and admin staff which will all mount up. Add to this the investment in the new training facilities and the day to day running costs (which the old regime kept on a shoe string) you can see the base costs AP is talking about spiralling in the short term. Finally, AP has stated he is committed to investing up to the SC limit and in youth development. In other words, the investment (expenditure) of the new regime will mean FC looking at another financial loss for 2012 and beyond, and probably a cash injection from AP to meet them.

On a broader issue, I wonder why AP feels it necessary to keep making a statement about clearing FCs liabilities, and now how he will be underwriting FCs losses. Is this the Allam effect? The Allam's love to bang the drum and hail themselves as Hull City's saviours. Its well documented AP isn't an ardent rugby league supporter, and because of this simple yet important observaton, I wonder even more now about the motive behind his buy-out of FC.

For mine, AP sees the chance to make some money through FC, but is in it for the long haul. With a successful club on the field, we would normally see pass sales and gates increase and merchandise sales increase too, so there is definitely money to be made.

Maybe in view of the possibility of a loss, the tax bill, the drugs case and the general falling out between the previous regime and the fans, he got the club at a better price than expected, coupled with the old board's willingness to sell.

We may be getting over-optimistic, but lets face it, a few years of debt for increased onfield success is a small price to pay. Optimism puts money in AP's pocket too.

If the search facility on here wasnt so slow and rubbish id find posts where a couple of people were suggesting how bad it was with Kath and Rule and how spin and flim flam was the order of the day. Its a shame those posters were put doen by the club apologists