Joined: Apr 06 2006 Posts: 1103 Location: The Heart of East Hull
☺East-Sard☺ wrote:Poor outlook
Sport is a business now and we naturally have to break even - wipe our face to borrow a Hudge term.
Our directors don't have a bottomless pit of money so eventually we have to become self efficient. Our losses are going in the right direction though but shouldn't be just brushed aside that they don't matter.
well they don't matter to me, having stood at the harvey haddon stadium watching us beat nottingham city in front of a couple of hundred, or at runcorn highfield, or on a freezing february day at the skolars I can safely say its all about the rugby with me rather than petty point scoring with the dark side about how they make loads of money and we haven't got a pot to piddle in, that's all
east hull FC fan wrote:As attempts go, that was pretty poor.
Not poor enough for you to comment. What is poor is Hull fans clutching at the fact that the only chance of them bigging it up is if their big rivals are in debt.
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
If you wish to discuss the Mojave dry subject of our accounts, feel free - it comes but once a year. If you want to discuss Hull's finances, do it on their board. If you want to troll or derail - restrain yourself. It's been done before and stifles what should be serious and very boring discussion. Ta.
We're losing money, which is bad. We're losing it about half the rate we used to - which if not exactly good, is at least better. The prospect of us being self-sustaining is not quite so distant. Whether we'll ever do it while spending the cap, I don't know. The new TV deal is better though and if the improvements to CP prove to be economic... then you can bet they'll increase the cap!
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
Joined: Jan 16 2010 Posts: 7138 Location: Ramsey Street, Brough
Mild Rover wrote:If you wish to discuss the Mojave dry subject of our accounts, feel free - it comes but once a year. If you want to discuss Hull's finances, do it on their board. If you want to troll or derail - restrain yourself. It's been done before and stifles what should be serious and very boring discussion. Ta.
We're losing money, which is bad. We're losing it about half the rate we used to - which if not exactly good, is at least better. The prospect of us being self-sustaining is not quite so distant. Whether we'll ever do it while spending the cap, I don't know. The new TV deal is better though and if the improvements to CP prove to be economic... then you can bet they'll increase the cap!
It's not going to happen overnight is it and maybe it's a good thing if we don't spend up to the cap next season it's not exactly doing us any good this season
ComeOnYouUll wrote:Pardon me for showing concern for fellow rugby league supporters.
No need for concern, we've sold out to Dr Evil (Allam) and your lot have sold out Minime (Pearson), we're billions in debt (ask Mrs B) and your lot have a tax bill that dwarfs both Lester Piggott and Ken Dodd's bill, we're both screwed so might aswell get massively into debt and at least cost the axis of evil a bit more cash.
Anybody any idea what colour our merged team should be in...
Joined: Jul 15 2005 Posts: 29816 Location: West Yorkshire
☺East-Sard☺ wrote:Poor outlook
Sport is a business now and we naturally have to break even - wipe our face to borrow a Hudge term.
Our directors don't have a bottomless pit of money so eventually we have to become self efficient. Our losses are going in the right direction though but shouldn't be just brushed aside that they don't matter.
On the positive side, the loss is £47k less than the previous year. When added to the fact this year attendances have held up, and cost-cutting activities are in place according to the accounts, coupled with the salary cap savings on Mason and Cockayne and increased merchandise sales from "box office" Mason's arrival, perhaps breakeven for 2011 is on the cards. You'd imagine that is the target.
Looking over a longer time horizon, Rovers have lost £2.1m since 2003. The challenge is to get to a sustainable breakeven model for the time (eventually) when Hudgell and co may wish to step down and a buyer is sought. The route to this as previously discussed is to a) get the ground extended and b) to fill it.
Seens decent, some hard work needed on finally upgrading the facilities Hopefully and we'll start turning that financial corner. Granted it's another loss posted but it's less than before
HULL KINGSTON ROVERS is my religion, Craven Park is my church and Jordan Abdull is my God
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