Keith_Lard wrote:No, he said However, with much more investment still needed, Pearson says the club must get back towards the peak of 2007 – when the club averaged more than 14,500 fans – to balance the books.
HULL FC will record losses in excess of £300,000 this year – with new owner Adam Pearson blaming 'serious under-investment' in recent years.
Pearson, who bought the Super League club last July, says he has been shocked by the state of the club's finances since taking control.
And he told the Mail he bought a club which – despite being considered one of the most financially healthy in the game – was 'creaking at the seams'.
Poor performances on the field, combined with the tough economic climate, saw crowds fall significantly at the KC.
FC only managed to surpass 12,000 on three occasions last season, compared to eight times in 2010.
And Pearson says the club now faces a long and difficult road back to profitability as a result.
"Let's get one thing out in the open, this club does not make a profit as may have been reported," Pearson told the Mail.
"The club will be ending the financial year for 2011 by posting a loss of £300,000, and I can't see that changing in the short term because there quite simply wasn't enough investment going in.
"I now understand clearly why the previous board were attempting to sell, and that is because they were going to have to put some money into it.
"This club is creaking at the seams with under-investment and that has to be addressed."
Pearson has made sweeping changes at the KC Stadium, on and off the field, during his six months at the helm.
It has sparked renewed optimism amongst supporters, with more than 8,000 having bought season tickets for the forthcoming season.
However, with much more investment still needed, Pearson says the club must get back towards the peak of 2007 – when the club averaged more than 14,500 fans – to balance the books.
Joined: Feb 21 2003 Posts: 3460 Location: West Hull
Smiggs wrote:Got to love Keith every time his club humiliates him and his fellow fans he comes on here like an attack dog. It ain't going away fella your down.
Keith_Lard wrote:Wont be long before he is in the mail crying about the sub 10,000 crowds next season. Didn't he quote needing more than 14,000 average.
Is that all you've got Lard? You keep trotting this one out on a monthly basis on didferent forums and on different threads.
Surely you must even get bored of listening to yourself?
Your pathetic attempt at trolling is tiresome, get some new material then come back and see us.
Joined: Jan 30 2004 Posts: 8289 Location: Never never land away with the fairies
Jake the Peg wrote:
Keith_Lard wrote:It looks like your owner is already worried about the lost revenue. See the HDM for details.
He's hardly going to admit he's been laughing his teets off all weekend in the press
Exactly this, AP unlike Hudgell has class and humility. Its what all chairman of the SL clubs will say, he'd no doubt have said similar about Salford.
As for your Lardy I suggest you worry more about the future of your club and the serious pitfalls it faces rather then drag up news that isnt current and 4 years old. Hull FC have moved forward since then and for the better with this season showing that emphatically.
I really enjoy long walks especially when they are taken by people I don't like!
Last edited by Chris71 on Mon Oct 03, 2016 8:37 am, edited 1 time in total.
Keith_Lard wrote:Waffle about Rovers pouring millions into FC's coffers
Our average attendance this year was 11,468. The average excluding the Rovers home game 11,067. 401 difference.
The Rovers game brought in 17,481. 6,414 above the average.
Let's say match day tickets average out at £20 for arguments sake (taking into account freebies for junior away supporters, away club getting a kickback from sales, cheaper to buy earlier etc).
6,414 x £20 is £128k.
Under the T&C's from the deal with the SMC, I believe we only keep half of that, and receive nothing in the way of food/drink sales. So, £64k.
Things that are more important than a Rovers home fixture financially: - Getting into the top 8 & the difference in attendances that'll bring vs home games against Batley/Feath etc in the Middle 8. - Top 4 to ensure the extra home game. - Winning the LLS - Challenge Cup home QF tie. - Improving our average attendance by 402 or more. - A Challenge Cup run (Semis/Final) - Reaching the Top 4 Playoffs/GF
That's before going into any of the other financial benefits away from ticket sales/prize money. Basically, you won't be missed Keith
Cup Winners: 1914, 1982, 2005, 2016, 2017. Cup Runners-Up: 1908, 1909, 1910, 1922, 1923, 1959, 1960, 1980, 1983, 1985, 2008, 2013. League Champions: 1920, 1921, 1936, 1956, 1958, 1983. League Runners-Up: 1957, 1982, 1984, 2006.
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