There have been a few comments on here about the foundations that are being set by our BOD.

My main complaint is that it is impossible to tell if these are having any impact on the clubs financial position as we don't say much or publish figures. The last set of accounts, and these are short form so quite opaque, were as at 30/12/14. Next ones are due by 31/8/16, our BOD always leave it to the last minute to file details.

If you look at where we have been

30/12/14 showed us with negative shareholders funds of £365,619 and a loss of £591,245
30/12/13 showed us with negative shareholders funds of £274,935 and a loss of £455,569
30/12/12 showed us with negative shareholders funds of £219,142 and a loss of £339,769

All of these show that in reality it was our BOD guarantees that kept the club going. So they deserve our praises for that, but this doesn't look to me like solid foundations.

Given that most of our shares are also owned by non-board members my guess would be that we must have large outstanding loans owed to previous board members as well as present ones to cover most of the negative funds.

Hopefully the next set of accounts will be better, but this could be a clear indication of why the club has not been spending it's £750k prize money, are old directors getting their money back.

It was always my view that building solid foundations translated to taking debt out of the business.How secure we are now we've missed out on the 750k is anyone's guess.

We are as secure as, if not more so, than greeces next set of bailouts
Sport at this level is what it is, hindsight is always 20/20 vision is the saying that springs to mind.
We really could have done with that top 4, asking folks to come and watch the competition we'll now be in, or the reserves is one hell of a big ask.

Looks like a typical sports clubs accounts tbh.

Now I understand where the £750k went.

Just to be clear - those losses are brought forward & carry forward losses. ie, we didn't lose £591,245 in 2014. We lost £591,245 - £455,569 = £135,676

As GFB says - those look like typical sports club accounts.

I agree with GFB and LittleRich as most sports clubs accounts never look too healthy.

The problem that we have is that we have no income stream other than gate revenue and the money that we get from the RFL which is why top 4 is crucial.

The only tangible assets that we have are the players, we don't own anything else.

The bar and food revenue is taken by the council/venue. The shop is owned by someone under a separate deal as I am lead to believe, so the money doesn't go to the club it goes to HX1 sports.

Most other clubs generate cash through bar & food sales and commercial revenue that they make through their shops. We don't have that luxury.

That is why top 4 is so important. I agree that we should build solid foundations but we seem to be very much 'hand to mouth' every year, especially with the debts that we have and the fact that the directors have been bailing us out for so long.

We are in a classic b*ggers muddle, we want it but can't pay for it!

We have to finish in the top 4 every year to pay for the following year ...........

Smaller squad next year and Dual-reg with Hull FC. You heard it here first! Reserve team undecided

Impalatable as that sounds it could well be reality.

I would guess you have taken a big chunk of the 750k and paid off a substantial amount of DL's etc, it will be interesting to see what '17 has instore with 500k less coming in.

DR with Hull



Hudd Shay will never sleep.

I'm guessing these are to November, not December, given that the next ones are due in August (nine months after the year end) ? Plus 30th December is a tad unusual ....

2013 deficit of £274,935 + the loss of £591,245 = £866,180, so that suggests someone pumped in £500,000 or thereabouts in terms of share capital. Plus £400,000 the year before.

Ach - you're safe for just as long as someone doesn't get fed up of writing cheques out every month to fund the wages. Same as the rest of us.



As to the quality of information, blame the Government. From next year, it'll get even worse.

Accounting date is 31/12. Next accounts as at 31/12/15 due by end of August.

Your analysis is incorrect this is the commutative loss not annual, so as said earlier losses per year over £100k

Surprised to hear that the accounting date is 31 December as the Balance Sheet says 30th November 2014.

Suppose I should've fished them out myself rather than rely on someone who can't even get the date right....



Yeah - you're right. You need to take this year's losses from last year's to see how you've done in 2014, so you only lost £135,685. Much better scenario.

Somebody bought £45,000 of shares, just before the year end.

It would save me a load of brass Ian. I dread to think what I've spent following Fax over the years. Got to say money well spent though.

The Percy Shaw, Chelsea Brewing Company, Alpha Pale Ale 5.0% Mmm!

Makes me think lets say we are well down the league next season and our support drops off so we become drift wood the Fat Controller and the RFL will have finally got their wish, thing is it won't only be us that suffer as while Toulouse and the year after Toronto become the top dogs in our world there will be no away support not the few hundred we take to most of the nearest clubs and even 100 to 200 to other places so the lower clubs will lose out big time but hey as long as we can say we have RL clubs in far away lands the Fat Controller is happy, for him it is better than little old Halifax, Oldham or Featherstone as we al don't fit in his fantasy RL land do we?

Spot on F4L, which is part of the reason that I'd like to see Leigh get promoted and the like of Huddersfield get relegated.

Does make you wonder financially how stable the club is - I always wonder why the club doesn't do more marketing especially of the big games like last week v Fev BIG MATCH but yet no posters , flyers , billboards and nothing in Courier - not everyone is on social media.

Barring a very small sign at Hunger Hill theres nothing - but when I've been to Bradford , Wakey and Huddersfield the games are very well advertised.

FC Halifax Town have Billboards for their season tickets and an advert in Courier - so why don't Fax advertise and not rely on fans to do it for them?

I've said before on match day 'you could walk past Shay and not even know there was a game on'.........

Spot on and relativity cheap to do.

I've said it elsewhere that the club seem to be making it up as they go along, and seem to think they know better than everyone else when it comes to marketing. Big screen (fail) and Fax TV Pro (fail) spring to mind.

I was really impressed by the FCHT billboards and even spotted a pile of HTFC (Huddersfield) flyers for next season when I was picking up a sandwich for lunch earlier today.

I never see anything like this from Fax. They need to get away from thinking that the digital world means everything (a legacy from Reactiv Media perchance?), and use some more "traditional" means to advertise. At least I'm not getting recorded phone messages imploring me to attend a game I was going to anyway!

May I ask why you label the big screen and Fax TV Pro as fails?

Also, what's the difference between getting a phone message asking you to attend a game you were going to anyway, and seeing a poster inviting you to attend a game you were going to?

So what are you saying?

The difference is that your that phone messages are only likely to go to already committed fans whereas highly visual media might just attract those not connected to the club#

Cast your net wide and you'll catch more fish.

And so ends today's sermon.