Caught the local news bulletin last night (sorry, can’t remember if it was Look North or Calendar). The report on there said the accounts show a deficit of £1.5m
"I've been rich & I've been poor. Rich is better." DLR
Joined: Jul 31 2003 Posts: 36786 Location: Leafy Worcester, home of the Black Pear
Wildmoose wrote:Caught the local news bulletin last night (sorry, can’t remember if it was Look North or Calendar). The report on there said the accounts show a deficit of £1.5m
That's the net position. Total debt is £3.2m but assets on the balance sheet offset a proportion of that figure and you end up with a net position of being £1.5m in the red.
Plus the losses for 2009 of course.
Hold on to me baby, his bony hands will do you no harm It said in the cards, we lost our souls to the Nameless One
cofr_rockin_robin wrote:Isn't that true for a lot of Rugby League clubs including Hull .
I guess so for some clubs yeah, most aren't reliant on individual backers though. With FC operating at a profit if our directors did ask for their loans back we'd be able to cover it. Your'e right though, most other clusb couldnt.
Frosties. wrote: Believe you and me, Ellis will be in a Leeds shirt next year. Frosties. wrote: Leeds signed him in January, he will play in a rhinos shirt for 2012. Frosties. wrote: Done deal, Leeds bound.
Kosh wrote:That's the net position. Total debt is £3.2m but assets on the balance sheet offset a proportion of that figure and you end up with a net position of being £1.5m in the red.
Plus the losses for 2009 of course.
Ahh, now that makes sense. So how misleading is the “ROBINS £3M IN THE RED” headline!
"I've been rich & I've been poor. Rich is better." DLR
Kosh wrote:That's the net position. Total debt is £3.2m but assets on the balance sheet offset a proportion of that figure and you end up with a net position of being £1.5m in the red.
Plus the losses for 2009 of course.
so if we put player valuation on balance sheet the net will be lower ?
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
hkrovers wrote:so if we put player valuation on balance sheet the net will be lower ?
Mrs B is so going to rip you a new one
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
Users browsing this forum: No registered users and 29 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
