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| ..another profit - £77k
Creditors £1.7m, but offsetting this £0.4m cash at bank .
Net liabilities (excluding player valuations) only £106k now - 5 years ago net liabilities on this basis were £1.2m.
Great result to turn in a profit in a year where we were pants on the field. And good work filing the accounts so early.
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| What are the reasons/benefits for filing 5 months in advance?
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| Possibly the only club in the sport to be profit making. A fine achievement by the board. They have been much maligned at times but deserve the plaudits here.
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| Quote ="Cardiff_05"What are the reasons/benefits for filing 5 months in advance?'"
Allows them to show off about being SL's only profitable club right now.
Rule said it would "reassure" fans about our club's stability in these financially uncertain times I think
Filing early and profitable accounts improves your independent credit score as well
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| how much profit did rovers make?
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| Quote ="arliebird"how much profit did rovers make?'"
Given their form on filing (they've missed the deadline with Companies House for the last 5 years running), it will be a while before we know for sure. But Hudgell's on the record as saying it was a loss in the region of £450,000.
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| Quote ="arliebird"how much profit did rovers make?'"
That didn't take long lol
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| your on the board m8 you troll
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| Quote ="arliebird"your on the board m8 you troll'"
On the other hand, this is a thread about our finances, not Rovers. You brought them into it so I'd say a Rovers fan has every right to comment.
Please stay on topic. If you want to talk about Rovers' financial situation, do it on their board.
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| having a laugh thought id asked it before some else does
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| Only 77k? Well I'm disappointed
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| Wonder how much under the salary cap we were. presume it would have been a loss if crocker had come over
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| Quote ="Jake the Peg"Wonder how much under the salary cap we were. presume it would have been a loss if crocker had come over'"
Not necessarily. We brought in Tansey and paid £30k release plus part salary for him, plus Cordoba, and decided to bring Lauaki in when it looked like Crocker was having visa issues. Can't really say what we would have done on these if Crocker had come.
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| when you think of last season and the problems we had that trading account profit is bigger that I expected. As was hinted in The Mail today in June when everyone elss (except of course the dobbins who are above all those sort of things) have posted their accounts we will be the only people who have made a profit. Bradford being the club with the smallest deficit is the rumour over in the west riding!
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| Excellent news.
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| Quote ="Mrs Barista"Not necessarily. We brought in Tansey and paid £30k release plus part salary for him, plus Cordoba, and decided to bring Lauaki in when it looked like Crocker was having visa issues. Can't really say what we would have done on these if Crocker had come.'"
Well spun
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| Quote ="MrPhilb"Well spun'"
Its amazing how you lot think you know what spin is but are completely blind to some of the most blatant spin ever used by anyone, ever, by your own club.
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| Quote ="Robbo4"Its amazing how you lot think you know what spin is but are completely blind to some of the most blatant spin ever used by anyone, ever, by your own club.'"
It's a constant source of amusement to me, certainly.
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| Great new
Things are just so good at our club,
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| Sounds good, the "board" have took some stick in recent times maybe..just maybe they aren't so bad afterall !!
Touch wood !! Watch it we'll go bump next week...................
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| Quote ="MrPhilb"Well spun'"
TBH you hardly need to put spin on a 5th consecutive year of profit, it speaks for itself. Particularly in the context of other clubs' financial performances.
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| Quote ="Mrs Barista"TBH you hardly need to put spin on a 5th consecutive year of profit, it speaks for itself. Particularly in the context of other clubs' financial performances.'"
Correct and well done, lets hope you make a profit now you've decided to actually field a team on the pitch that appears to be able to compete
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| Quote ="Mrs Barista"TBH you hardly need to put spin on a 5th consecutive year of profit, it speaks for itself. Particularly in the context of other clubs' financial performances.'"
this is the key word here. it will look more impressive when we get to see the results of the other superleague clubs profits later in the year, much later for certain clubs
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| Quote ="MrPhilb"Correct and well done, lets hope you make a profit now you've decided to actually field a team on the pitch that appears to be able to compete'"
Would imagine that may actually increase our profits, draw more crowds, sell more merchandise etc...well run buisiness is Hull FC
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| Quote ="MrPhilb"Correct and well done, lets hope you make a profit now you've decided to actually field a team on the pitch that appears to be able to compete'"
When we spend a bit more on players the fans do their bit and we sell another 1000 seaon tickets worth around £200,000, that and the takings from record shirt sales are in the bank! Another profit next year almost guaranteed already! This is the time of year that you have to make your money if you do, then you are OK, whatever happens, but you need to sell shirts merchadise etc. in large amounts to set you up for the season!
watch and learn!
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