Code13 wrote:Yes, all very interesting, but whats your point?
My point? Some folk suggested the reported figures were the product of someone's imagination - they are not. You yourself appeared to be one of them. And I am merely providing information (and some limited interpretation) on the financial position for anyone who is interested. I did similar at Leeds and Wire as well as Bulls, and we saw various people who derided anything they either did not understand or did not like, but various others who said they found the info interesting or helpful. I review the accounts anyway, so it costs only a few mins of my time to put up some info on here. I am happy to add further info if anyone is at all interested.
My suspicion is that most Hudds fans will be a bit shocked at just how big the losses are, and by extension just how much Davy is having to bankroll the club by. The dependence on a rich owner for staying in business has to be a big future exposure for any such club. You are almost certainly safer than some, cos Davy is both a huge fan and a man of very considerable means. The wealthy backers of some other clubs - notably Hull KR - are getting cold feet it seems.
But these are the 2008 accounts, and you guys had a fantastic 2009 so I would surely expect a dramatic improvement in the numbers.
I will admit SOME partisan motive, in that I get hacked off with armchair experts assuring everyone that the Bulls are skint and in huge debt (or whatever) when neither are actually true. Comparisons like the Guy from HKR did help to put things in some perspective. But what worries me more is that - as Peter Hood said recently - the game as a whole is built on foundations of sand. Based on that worrying (and pre-worst of recession!) table of losses, he may have a point.
