It must be a factor judging by the way your fans 'returned' when you moved into the more sheltered stadium.

The last filed accounts for Hull were 2008 when we spent to the full cap. HTH

Who to believe

A lawyer or some compulsive liar

MMM decisions decisions

Are they mutually exclusive?

Were they the accounts you went against your accountants advice and improved the figure by £780,000 at a stroke



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. ?

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.

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.



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.




If it were cast iron, you would be kicking off the new season in January in the 14,000 stadium Lakin detailed would be ready for the 2010 season in your franchise application. As it is Hudgell has to resort to begging the council for cash in The Sun, although painting a picture of the sport on its knees financially might be a bit of an own goal in that respect. I'm sure the RFL are delighted as well.


For starters you're wrong - your average attendance fell from 8,554 to 8,527. Perhaps you need to reconsider your price elasticity assumptions for away support and specifically charging us a 70% premium.


Au contraire. FC don't publish their accounts for 2009 until next August, yet you are claiming we only made a profit becuase of under spending the cap in 2009. Unless you are talking about 2008, but we were maxed out with 34 players including the likes of Adam Dykes, Matt Sing and Shaun Berrigan and British players on GB increments like Raynor, Carvell and Yeaman. Surely it was more likely the profit came from crowds of 13,500 and a Challenge Cup Final appearance worth £250k?



Capital investments only impact the profit and loss account as they are amortised, so "matchday improvements" are an irrelevance as far as the last 5 years losses of £1.9m go.



Again you assume automatically that the headroom for crowd growth is there. Bit of a risk when your chairman has stated what a poor state the game is in.



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

It's not fair only giving him Hudgell as a choice.

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?

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,

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

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.

Tarquin could you just clarify whether or not you believe he is looking to get out b4 it goes 'pop'?

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.

He will weasel out of giving you an answer.

A bit ambiguous, isn't it?

Quote ="Mrs Barista"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.'" www.yorkshireeveningpost.co.uk/l ... 5829534.jp

Quote ="Mrs Barista"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.'" www.yorkshireeveningpost.co.uk/l ... 5829534.jp

It is. For Rovers I can at least imagine a route towards breaking even, should the current board stop subsidizing the club. Knock a couple of hundred thousand off the wage bill and fill the gaps with the local talent, that will hopefully start to come through now. The team will be less competitive, but, the hope would be, not to the point of driving significant numbers of fans away. Sorting out the merchandizing would require hard work and organization not necessarily tonnes of investment - the sort of problem that once identified becomes an opportunity. You'd be relying on some best case scenarios and goodwill regarding existing debts, but clubs generally seem to find a way to survive. Then you are just waiting for a new benefactor to come along to try and win something and b***er up your business model again.
Rovers wouldn't thrive without benefactors, but they [imight[/i survive, even as things stand. You look at the figures for Salford, Huddersfield and (you'd imagine) Wakefield and you have to think they wouldn't. Then there are the Quins and Crusaders.

They've got net assets of £12.1m. Enviable position indeed.

Fully agree on the merchandise point-if you get it right there's big potential here for relatively small outlay. Even a tight@rse like me will go into FC's shop for a shirt and end up with a load of other suff - came out with Xmas baubles and cards, a soft toy, and was so impressed with the ladies fit home shirt signed up for the away one as well (first time I've ever got both). When I think back to the portakabin operation at The Boulevard, this is one area that's stepped on light years.

People who don't understand the difference between a P&L and a balance sheet really shouldn't post about finance

Ohh, I like what you did there.

You have said that once


Saying it a second time doesn't make it any more true.

A common denominator - yes, a reason - no.


A side from the Sky money, a SL brand (which FC got given to them) will generate far, far more income in terms of sponsorship etc.


It's cast iron that our average attendance would have been higher last season had we had better facilities so like I say, have a day off from talking out your @rse.


Nope, can't do that, the addition 70% premium is used to disinfect the stand after you have gone.


£250k for the Wembley final? - cheating pays...


There will be many "non-capital investments" not subject to "amortisation" which would fall into the catagory I mentioned.


Have a day off from talking out your @rse.


Can't wait for the new season to start so the likes of you and your other cronies can be put in their place again - I've got an "inkling" that the 3rd successive season of failure could be worse than the last two...

You've made a profit helped by the CCup visit to Wembleeeeey however how much do HFC now owe to the directors in loans ?