Not sure of rfl money but definitely think it was £900k for the boulevard which they said hull would have to pay back if they ever went back

Absolutley not... I'm a bandwagon supporter and I haven't even heard of Dull FC before 2 years ago



BTW I can't do nowt if Rovers go under so I'm not worried by it... so shove it tool

Whatever the figures involved, it was a leg up which we never had so it's hardly suprising we owe a few quid while getting established is it.

There are 2 parts to a balance sheet, net assets and shareholders funds, which have to balance. You don't just adjust the P&L reserves (in the shareholders funds section) with no impact on net assets.

Take Rovers 2008 accounts. Loss of 447,462, negative movement on P&L Reserves, plus a £250 increase in Share capital = -447,712 movement in shareholders funds

Movement in net assets = -447,712

Increase in Fixed assets = +373,807
Decrease in current assets = -69,036
Increase in creditors = -751,983
Total reduction in net assets = -447,212

Or looking at it another way, Rovers creditors have gone up £752k to fund a P&L loss of £448k and investment in fixed assets of £373k.

Depreciation charge was £108k BTW so relatively immaterial.




Rovers have only £12k cash. Therefore if they are buying say £100k of turnstiles, the double entry is Debit Fixed Assets, Credit - guess what -Creditors. Which are in current liabilities.




You would have the cash, that's right, but Rovers don't have any cash at bank (apart from the 12k). So if a sponsor paid up front for 3 years, that would be Debit Overdraft (Creditors) Credit Deferred Income (Creditors). So net nil balance sheet impact.



There is no full disclosure of creditors, granted. But the facts are as follows. Rovers have lost (excluding the 2009 loss of £450,000 already declared by Hudgell) £1.5m since 2004 and invested £1.2m in fixed assets. Their creditors have increased by £3m over that time period. They have only a minimal cash balance.

It seems that you haven't seen Rovers accounts at all, but make the fair point that some comments are speculation. There are other sorts of information like Dun and Bradstreet reports and also the comments of the chairman in online and newspaper interviews which suggest the club is heavily indebted to its directors. As are most SL clubs.

Indeed.

Though it has to be said Rovers have sold their ground......Twice.

Shhh!!!

You'll be mentioning CVA's and local businesses being shafted next!

So you don't know then.

I do. It was £750,000 as already mentioned.

[urlhttp://news.bbc.co.uk/sport1/hi/rugby_league/998647.stm[/url

The same article also states they got £1.25m from the merger.

As I suspected - the only people who are worried about Rovers accounts are FC fans hoping something negative happens!

As I keep saying if Rovers go bang then so be it - we have enjoyed the journey - and until that happens lets go about our onfield presence in the same manner - when super league returns our FC fans will have other things to worry about

At least you are resigned to the inevitable

and admit to making the most of the roller-coast while it happened.

It didn't need to have been like that, though. In the words of The Specials "You've done too much, much too young" (in your Super League incarnation). Grudge's greed and power trip could curtail genuine Rovers' fans enjoyment of top level RL for the foreseeable after next season, perhaps for ever.

Great legacy, Mr Hudgell.

Basil :

Or journey has only just begun. We still have many more derbies to be won, many more place offs to reach and leave many more hull fans even more bitter.

So the sum total of your ambitions are to beat Hull FC and reach the top 8?





As for bitter, nah, not me. In the 32 years I've been supporting Hull, Rovers have had the upper hand for about 5 seasons. The last two years are more to do with our failings than yourselves.

ABOUT 5 seasons - has that been rounded down for your purposes???
Never mind - as I keep saying it's only you Dull fans opinionated about Rovers at the mo'
Soon as the season starts most will be off this board pronto and asking for heads to roll

Also quotes a very optimistic Mr Richardson as saying "We are now on target to become the only debt-free Super League club by 2001 and that would put us in a sensational position,"

It could all be sorted this week anyway

It's a double rollover on Wednesday

[size=200IT COULD BE YOU..........[/size

Which was given to them for peanuts in the first place and sponsorship from wastewise? (council owned)

so much bitterness at xmas....

TBF there was a restrictive covenant placed on the land at the time of purchase and it was better for the council to have the land used than to remain barren for years. Also Wastewise pulled out when Rovers went into administraion.

Are you being serious, and if so can you list your 5 Seasons.

You would need an exceptionally good memory to do that.

Yeah, list them as I can only get 4

A covenant which was subsequently lifted so rovers could sell off some of the land due to financial problems. The council later bought back the land they had given rovers in the first place.

No issue from me for them doing it but rovers fans really shouldn't bleat about getting support from the local authority

They bought the land then immediately leased it back on a 250 year lease, therefore it becomes an investment. In all honesty Hull fans shouldn't be so smug about council involvment in club finances when you consider the leg ups they have received in the past 10 years or so.

Also iirc HCC originally got £155k for the site, well below market value, but not free as some have alluded to.

OK six although of course I'd not expect you to agree with me.

1978-79 - We were won Division 2, Rovers won Division 1 (although we had a bigger average attendance)

1980-81 - Rovers finished a few places and 4 points higher than us

1983-84 and 1984-85 - Rovers were Champions.

Last two seasons.

We've been top dog in tweny-odd out of 31 seasons. Not a bad record at all.

Even die hard Hull fans would have you down as deluded fella.