Joined: Jan 19 2006 Posts: 1338 Location: Hibbing, Minnesota.
WormInHand wrote:Allam is a creditor to Hull KR to the tune of £1M (plus a lot more - if many of the earlier reports were to be believed). If he recalled that debt tomorrow (or next week, when the franchise announcements are made ) then you would have little choice but to
a) find the money PDQ from elsewhere
b) go bust or
c) dance to whatever tune he decides to sing.
I did warn you all at the time....but you weren't listening...
For the first time - I'm with Roverswall. He's the only one showing a bit of common sense and insight with this - more people would do well to listen to him.
Joined: Aug 14 2005 Posts: 14302 Location: On the Death Star Awaiting Luke.
WormInHand wrote:Now you're being silly again.
Not really. NCP will hold about 13ish when the north and east are done (funding in place so for free for AA), All he needs to worry about is funding a new south stand and he gets his little RL ground for both FC and KR.
He can then get on with making his football club a premiership club with a football only stadium (The prem DO want this) and he can do with it what ever he wants. There is little need for him to touch us if NCP isn't in his plans
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
Vicenzo wrote:Would love to have banter on your boards but it has been made clear that I am banned "sine die". Never make any of the admin.look fools is my tip! There is,without doubt, more to this than meets the eye. I have heard he has paid £3 million for the club!!!I think they mean Embassy coupons (do they still have them?) The next few weeks will be interesting for sure.
Nice to be in touch again!
So, by "slipped in on the blindside" did you really mean "he clearly stated in his press release" : "Hull FC has one major financial challenge to overcome from what has been a very well run era over the last 10 years. That challenge is the legacy of EBT payments to players which was prohibited by changes in government legislation in late 2010.This has left the club with a very significant potential tax liability which I will have to examine in detail over the coming months and find a solution for."
We apparently, unlike other SL clubs have no issues over image rights. We have also, during most of that 10 year period managed to show a net profit (and before you start, that has absolutely nothing to do with capitalising players). The rules governing EBT have changed over the years and unless Hull FC have been found to evade taxation under prevailing rules, it's highly unlikely that HMRC would make a credible case for retrospective action.
I'm quite comfortable with knowing that Adam Pearson is first & foremost a businessman and would not have even considered entering into a takeover without an appreciation of worse-case scenario regarding potential HMRC liabilities.
How are you club's debts racking up at the moment?
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Joined: Mar 11 2007 Posts: 5659 Location: Next to Ramsgate Sands c.1850 in West Hull
Roverswall wrote:Not really. NCP will hold about 13ish when the north and east are done (funding in place so for free for AA), All he needs to worry about is funding a new south stand and he gets his little RL ground for both FC and KR.
He can then get on with making his football club a premiership club with a football only stadium (The prem DO want this) and he can do with it what ever he wants. There is little need for him to touch us if NCP isn't in his plans
Ok then, ahemm "Darth". {Snigger}
Philip Larkin wrote:
There ain’t no music East side of this city That’s mellow like mine is, That’s mellow like mine.
Joined: Aug 30 2005 Posts: 3231 Location: in a cave
Roverswall wrote:Not really. NCP will hold about 13ish when the north and east are done (funding in place so for free for AA), All he needs to worry about is funding a new south stand and he gets his little RL ground for both FC and KR.
He can then get on with making his football club a premiership club with a football only stadium (The prem DO want this) and he can do with it what ever he wants. There is little need for him to touch us if NCP isn't in his plans
Maybe, but he still has to: 1. Persuade KUHCC to sell him the KC 2. get City back into the Premiership.
First there was wisdom Then there was knowledge Now there is only information
I think Pearson will want us all to get on but that is stupid. Rovers will never get on with Hull FC or Hull FC with Rovers. I dont care what happens over there. Pearson is a known lurker, waiting for a chance to make a profit. Paying off £2.75 million worth of debts is not an investment he will have done to make his money back through rugby, so the motive is very much linked with football. feel its the begining of the end of FC at the KC.
Peter Gentle was rejected by Hull KR as their new head coach due to his lack of ambition.
Last edited by pugwash pal on Sat Jul 23, 2011 9:20 am, edited 2 times in total.
Joined: Apr 17 2005 Posts: 3469 Location: With Hull's only grade "A" SL club.
pugwash pal wrote:I think Pearson will want us all to get but that in its self is stupid. Rovers will never get on with Hull FC of Hull FC with Rovers. I dont care what happens over there. Pearson is a known lurker, waiting for a chance to make a profit. Paying off £2.75 million worth of debts is not an investment he will have done to make his money back through rugby, so the motive is very much linked with football. feel its the begining of the end of FC at the KC.
I'm loving this. Any more negativety anyone?
Last edited by fcimp on Sat Jul 23, 2011 7:19 am, edited 1 time in total.
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
pugwash pal wrote:I think Pearson will want us all to get but that in its self is stupid. Rovers will never get on with Hull FC of Hull FC with Rovers. I dont care what happens over there. Pearson is a known lurker, waiting for a chance to make a profit. Paying off £2.75 million worth of debts is not an investment he will have done to make his money back through rugby, so the motive is very much linked with football. feel its the begining of the end of FC at the KC.
Do you need some foil for that crack?
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
pugwash pal wrote:I think Pearson will want us all to get but that in its self is stupid. Rovers will never get on with Hull FC of Hull FC with Rovers. I dont care what happens over there. Pearson is a known lurker, waiting for a chance to make a profit. Paying off £2.75 million worth of debts is not an investment he will have done to make his money back through rugby, so the motive is very much linked with football. feel its the begining of the end of FC at the KC.
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) then you would have little choice but to 
I'm loving this. Any more negativety anyone? 
