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 ?

His statement is to keep pressure on Hull CC re North stand support I'm sure. Our financial model has been, up to now, built on knowing we have a rich backer, however we know that might not last hence the investment in the ground to create a fully sustainable model without having to sit at the bottom of the table every year.

I also wonder if this is just selective quotes from his online session last week?

I'll bet a pound of 2'penny rice that he is looking to get out b4 it goes 'bang'/t*ts up / pop/ kerput/wrong/crashbangwallop/bust/in tears/implode/explode/down the swanny/in tatters.........

It is obvious you don't know Hudge then.... would take him anytime over your man-woman uncle Kath... cos when the time comes - perhaps on a new moon - you wont see her for dust and with her directors loan clutching her man bag



The assassination of Rovers by FC fans is hysterical and represents the clearest indication that the suffer from the little know Stool Syndrome - this is where one has been the king pin for years and yet can't adjust to being second raters now!

Keep it up FC fans... cos when the season starts its back to focusing on pitchside matters

A lot less than you do.

HTH.

Not if you include the £780,000 you don't.

We intend to pay our debts off by making a profit year on year as we have done in the past 5 yrs, how do you intend to pay yours off?

Strictly speaking every team currently in Super League had their SL brand given to them in July 2008.



Not what you said here (good gag about "inkling" though).

It's not £780.000, check the accounts. And the player valuation is not money "owed" to anyone, it's a reserve adjustment impacting neither the financial profit or loss in the year, nor creditors, only the revaluation reserve. The only one of you on here with a shred of credibility when it comes to accounts analysis was Chilibeano and he made himself scarce when the actual numbers were discussed. I'd suggest you give it up or take an elementary book-keeping course.

Yep.



You're fighting a losing battle here, IMO. Through a combination of good fortune and good judgement (we could bitch about the relative importance of the two all day, but life isn't fair), Hull are running an operating profit. By the standards of most sports clubs they find themselves in a financially healthy position. They could just carry on as they are indefinately. Rovers could not and have to evolve. The player valuations included on their balance sheet is just an attempt to boost the value of the club, and doesn't take away from the fact they are consisitently making a modest profit. Just as listing Rufus's Robin suit as worth five million pounds, wouldn't make Rovers profitable. They are gilding the lily, or at least painting it an unconvincing orangey-yellow, but they do at least have a lily - I've run to far with this analogy, haven't I?

To be fair, if you can do sums you can analyse accounts to a level to discuss them down the pub or on here. Put simply, both Hull and Rovers are worth less than nothing, as they have more debt than assets - 'balance sheet insolvent', to quote Hull Kingston Convicts. The difference is that Hull are making money and heading in the right direction, Rovers are losing it and relying on continued support from benefactors.
Overvaluing assets, doesn't affect P&L. It is pretty simple. Mind, some people confuse late submission of accounts with going into administration or liquidation, so I guess the febrile rivalry makes people see what they want to see.

You can't mention him on these boards, his superior understanding of financial matters has seen him banned!