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| Quote ="Mild Rover"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.'"
TBF to me I've never said FC are in a fantastic position financially either, but relative to others our profitability over the last 5 years has been outstanding. It's true that our liabilities exceed our assets (if you take out player valuations) but TBH not by much - £0.2m (Rovers gap was £1.1m before the last 2 years losses). If you were comparing at RL clubs as a buyer, clearly our off the pitch operations and readymade stadium coupled with demonstrated profitability would make us a relatively attractive proposition but you would be comparing us to a right set of mingers.
Back to the title thread - does anyone seriously think Hudgell will walk away? I don't. I guess it depends on whether he is prepared to run the club hands-on on a day to day basis indefinitely or whether he will at some point want to go back to run his legal business?
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| Quote ="Big Spender"Not if you include the £780,000 you don't.'"
Wrong figure (and oddly enough exactly the same wrong figure quoted by Bertie) and has no impact on the amount of cash owed to directors.
Try again.
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| Quote ="Kosh"Wrong figure (and oddly enough exactly the same wrong figure quoted by Bertie) and has no impact on the amount of cash owed to directors.
Try again.
'"
its all relative you know.
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| Quote ="Kosh"Wrong figure (and oddly enough exactly the same wrong figure quoted by Bertie) and has no impact on the amount of cash owed to directors.
Try again.
'"
Really.
Whoever we choose to believe, a pretend bead counter or the local media, if Hull hadn't gone against their accountants reccomendation we wouldn't be having this conversation.
HTH
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| Quote ="Bertie"Really.
Whoever we choose to believe, a pretend bead counter or the local media, if Hull hadn't gone against their accountants reccomendation we wouldn't be having this conversation.
HTH'"
And if Hudge wasn't losing you have a million a year, running to the media whilst sowing the seeds for his get out we wouldn't even have the thread!!!!!!!!!
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| He doesn't need to sow any seeds. Like any chairman he can depart whenever he likes.
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| Quote ="Bertie"Really.'"
Yes. Really.
Quote ="Bertie"Whoever we choose to believe, a pretend bead counter or the local media, if Hull hadn't gone against their accountants reccomendation we wouldn't be having this conversation.
HTH'"
You can choose to believe what you like. However, if you want to carry on suggesting that a poster is lying about her profession and qualifications you had better have some proof if you don't want to fall foul of the AUP.
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| Quote ="Bertie"Really.
Whoever we choose to believe, a pretend bead counter or the local media, if Hull hadn't gone against their accountants reccomendation we wouldn't be having this conversation.
HTH'"
We would because we'd have still made a profit and you lot would still be losing money.
HTH
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| Quote ="Tarquin Fuego"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.........'" Then you know bugger all just as you knew bugger all when you said CP wouldnt be getting any more extensions to it.
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| Quote ="Mrs Barista"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.'"
Lets face it there wouldn't this comment, figures apart, if Hull FC hadn't chose to go against their accountants advice.
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| Quote ="Big Spender"Lets face it there wouldn't this comment, figures apart, if Hull FC hadn't chose to go against their accountants advice.'"
Perhaps you should ask Rovers accountants why the image rights issue reportedly prevents Rovers from filing their accounts when everyone else bar Wakey and Celtic have managed?
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| Quote ="Roverswall"Then you know bugger all just as you knew bugger all when you said CP wouldnt be getting any more extensions to it.'"
When I said the hell hole that is caravan park , wind tunnel, was not to get any monies for extensions I was factually correct.
The you were given a 'gift' from Hull FC and NHS after some politicking in the background.
However , Hudge the fudge is looking to get out , as per his continuous hints and moaning. What does he like best about his job ? He has never said.
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| Quote ="Tarquin Fuego"
The you were given a 'gift' from Hull FC and NHS after some politicking in the background.
However , Hudge the fudge is looking to get out , as per his continuous hints and moaning. What does he like best about his job ? He has never said.'"
How much are Hull FC contributing to our East Stand extension, pray tell?
What is preventing Hudge from leaving?
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| Quote ="Tarquin Fuego"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.........'"
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| Quote ="Tarquin Fuego"When I said the hell hole that is caravan park , wind tunnel, was not to get any monies for extensions I was factually correct.
The you were given a 'gift' from Hull FC and NHS after some politicking in the background.
However , Hudge the fudge is looking to get out , as per his continuous hints and moaning. What does he like best about his job ? He has never said.'"
I can't speak for the man but i bet it has something to do with rovers being transformed into the no.1 rugby team in the city in such a short space of time.
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| Quote ="rovers r red"I can't speak for the man but i bet it has something to do with rovers being transformed into the no.1 rugby team in the city in such a short space of time.'"
And the 4th best in Super League in such a short space of time.
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| Quote ="Bertie"And the 6th best in Super League in such a short space of time.'" edited for accuracy
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| Quote ="colt-45"icon_biggrin.gifANCE:'"
Shock, horror, the 2 'tards agree with each other!
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| Quote ="Tarquin Fuego"When I said the hell hole that is caravan park , wind tunnel, was not to get any monies for extensions I was factually correct.
The you were given a 'gift' from Hull FC and NHS after some politicking in the background.
However , Hudge the fudge is looking to get out , as per his continuous hints and moaning. What does he like best about his job ? He has never said.'" Keep in dreaming on both counts.
We both know what you said.
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| Now the a/cs are public knowledge I can now see what he meant about 'carrying on '
What a 'carry on ' - living beyond your means
I feel he is looking to get out before it all gets laid at his door , who would want to be remembered for this mess ?
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| maybe we should merge and have all our debts cleared.......
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| Quote ="tonylRobin"maybe we should merge and have all our debts cleared.......'"
I'm not sure that Rovers are as important to the RFL as Hull, tbh.
You could just enter into another CVA and pay just a small percentage of your debts?
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| Quote ="ComeOnYouUll"I'm not sure that Rovers are as important to the RFL as Hull, tbh.
You could just enter into another CVA and pay just a small percentage of your debts?'"
yer we could, or maybe wed be better off taking the easy way out and MERGE.......
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| one things for sure, that sport in general is suffering at the minute, a hell of a lot of clubs in a lot of sports are struggling, believe it or not Rovers arent the only club in debt, the last i heard Man Utd were massivley in debt.
Rovers have to tighten the belt thats for sure, but im confident that we can come through this
and at least our debts have given you boring Hull lot some xmas cheer.
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| This thread was not touched for a month.
I see no reason for it to be dragged up and turned into a peeing contest.
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