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| Quote ="Tarquin Fuego"New investors must be looking at admin as existing business model is not viable. Also this explains the lack of announcements.'"
It looks like Adam Pearsons new business model is to encourage 2,000 Hull FC fans to subscribe to an online gambling website. And I thought charging fans £200 for a game of touch rugby was bad.
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| Quote ="The_Mighty_F90"It looks like Adam Pearsons new business model is to encourage 2,000 Hull FC fans to subscribe to an online gambling website. And I thought charging fans £200 for a game of touch rugby was bad.
'"
Still thread drifting? This is about Hull KR.
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| Quote ="ComeOnYouUll"Still thread drifting? This is about Hull KR.'"
And Price Waterhouse Coopers "investment" therein
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| I spotted Larvin within minutes as a no go ! The delay of announcement shows they must be debating ADMINISTRATION , it is realistically the only way forward for a NEW investor but certainly not the existing owners
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| Quote ="Tarquin Fuego"The delay of announcement shows they must be debating ADMINISTRATION , it is realistically the only way forward for a NEW investor but certainly not the existing owners'"
You've crammed an awful lot of wrong into 27 words there TF.
There's no delayed announcement, even if there were it would not necessarily mean there were a debate over putting the club into administration, and it is clearly not the only way forward for new owners or investors. Apart from that, bob on!
Harking back to your previous post, administration isn't likely to turn us into a viable business - only 2 or 3 of the very best supported clubs can manage that. Given who are creditors are, there just isn't much point currently, for all that you clearly really, REALLY want it to happen. Soz.
I'm pretty confident we've secured funding for next year. CS being offered a new contract is the firmest indication of that. Plus the piece in the HDM, earlier in the month. Hopefully there are additional irons still in the fire. It'll be interesting to see if we offer any players contracts for 2015 or beyond. With the likely return of relegation next year, and the frquency with which SL clubs seem to find themselves in trouble, I suppose our position won't be dramatically less secure than a few others. Which isn't necessarily saying much admittedly.
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| The delay in an announcement might be due to the fact that hudgell is in Spain on holiday this week it's all sorted investment wise so that should put all the Hull fans who are worrying minds at rest
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| Quote ="fun time frankie"The delay in an announcement might be due to the fact that hudgell is in Spain on holiday this week it's all sorted investment wise so that should put all the Hull fans who are worrying minds at rest'"
Thanks for that Frankie. I'll be able to sleep easier knowing that.
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| fun time frankie the investment you talk about is it the sponsors putting money in to keep our kr afloat for this year and next or is it a new investor who wants to buy hull kr, yes i know neil is in spain he stays at wayne parker's villa
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| Quote ="rebelrobin"fun time frankie the investment you talk about is it the sponsors putting money in to keep our kr afloat for this year and next or is it a new investor who wants to buy hull kr, yes i know neil is in spain he stays at wayne parker's villa'"
Need to have faith in our club yes buy you are correct
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| ginger i have faith in hull kr i always have, i don't have faith in mike smith. but i do with neil, and i hope that you and seventy red are right. cos it will be so quiet from the other side for a while. will it not oh wait no they are world beaters at the moment cos they robbed us and beat a injured hit leeds team.. i only worry we will lose some good players by signing netherton on til end of season why???????????????
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| Quote ="rebelrobin"ginger i have faith in hull kr i always have, i don't have faith in mike smith. but i do with neil, and i hope that you and seventy red are right. cos it will be so quiet from the other side for a while. will it not oh wait no they are world beaters at the moment cos they robbed us and beat a injured hit leeds team.. i only worry we will lose some good players by signing netherton on til end of season why???????????????'"
I think again next season will be different u think how long FC have bin in SL and how long we have bin in SL big big difference FC have a decent squad now but take a couple of they're top players out they're same as other clubs, wel be right ul see
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| Netherton is cheap and reliable and can tackle and has experience which were lacking a bit at the moment
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| Quote ="gingerspice"I think again next season will be different u think how long FC have bin in SL and how long we have bin in SL big big difference FC have a decent squad now but take a couple of they're top players out they're same as other clubs, wel be right ul see
'"
Like Horne, Tickle and Whiting, for instance?
And we won the Challenge Cup in our eighth season in Super League and then reached the Grand Final in our ninth.
This is your seventh, I believe.
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| wow come on u hull, i like you cos you are saying kr will win challenge cup next year then go to grand final, a year later. i will take that any day thank u,
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| Quote ="ComeOnYouUll"Like Horne, Tickle and Whiting, for instance?
And we won the Challenge Cup in our eighth season in Super League and then reached the Grand Final in our ninth.
This is your seventh, I believe.'"
How many seasons did it take Warrington to get to a grand final? They are still a far better side than you.
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| Quote ="roversmad"How many seasons did it take Warrington to get to a grand final? They are still a far better side than you.'"
No rush for you lot then
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| Quote ="ComeOnYouUll"No rush for you lot then
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Your point was pointless then.
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| Quote ="roversmad"Your point was pointless then.'"
Well you'd be the expert in that
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| Quote ="Tarquin Fuego"I spotted Larvin within minutes as a no go ! The delay of announcement shows they must be debating ADMINISTRATION , it is realistically the only way forward for a NEW investor but certainly not the existing owners'" Someone who had a clue would not post any old rhubarb that entered his head and pass it off as reasoned debate.
Maybe you could give it a try?
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| Quote ="ComeOnYouUll"Well you'd be the expert in that
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If that is the best you can do you may as well not have bothered. #ivemademyselflookawithmyseventhseasonnonsense
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| Quote ="roversmad"If that is the best you can do you may as well not have bothered. #ivemademyselflookawithmyseventhseasonnonsense'"
I thought you said you don't go on about Hull FC? You've not stopped banging on about us all night.
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| Quote ="ComeOnYouUll"I thought you said you don't go on about Hull FC? You've not stopped banging on about us all night.'"
And there is me thinking i was replying to your post about rovers being in there seventh sl season. Correct me if im wrong but, I dont recall mentioning any other team than Warrington...
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| getting back on topic about the investment im hoping we hear something soon?
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| The stalling is probably due to due dilligence unearthing the unviable business model.
Investor person has lost a bit of initial enthusiasm as their accountant took an involuntary gasp when he saw how the business model has been running and how debt will need to be serviced going forward. Of course Mr Hudgell and Crossland will rightly want to recoup some of their loans and in a brisk timeframe , naturally.
The Salary Cap just looks way to high at £1.5m and really it needs trimming to £1 million. However this is why the talks are stalling , £1m on wages. How can they chase success on £1m but how can they run the club on break even basis, without reducing the Cap by £500,000.
£500,000 is what the Club loses each year so common sense says reduce the wage bill as there are no other costs left to reduce. Neil has already cut to the bone remember.
BUT will gate revenue fall if it is a team of kids finishing 12th/13th ? maybe bottom ?
So for me that's why there is no announcement . The new investor would love a crack at it but with a clean slate and we all know what a clean slate involves for the current debt holders.
A catch 22 ? mexican stand off ?
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| Quote ="Tarquin Fuego"The stalling is probably due to due dilligence unearthing the unviable business model.
Investor person has lost a bit of initial enthusiasm as their accountant took an involuntary gasp when he saw how the business model has been running and how debt will need to be serviced going forward. Of course Mr Hudgell and Crossland will rightly want to recoup some of their loans and in a brisk timeframe , naturally.
The Salary Cap just looks way to high at £1.5m and really it needs trimming to £1 million. However this is why the talks are stalling , £1m on wages. How can they chase success on £1m but how can they run the club on break even basis, without reducing the Cap by £500,000.
£500,000 is what the Club loses each year so common sense says reduce the wage bill as there are no other costs left to reduce. Neil has already cut to the bone remember.
BUT will gate revenue fall if it is a team of kids finishing 12th/13th ? maybe bottom ?
So for me that's why there is no announcement . The new investor would love a crack at it but with a clean slate and we all know what a clean slate involves for the current debt holders.
A catch 22 ? mexican stand off ?'"
I lost interest after the second word. . . yawn
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