[urlhttp://www.thisishullandeastriding.co.uk/HULL-FC-Shocked-Pearson-blames-300k-loss/story-14379069-detail/story.html[/url
Thought we'd lose money with 2k off the gate, but not this much; some very interesting comments here.

The cash cow runs dry and kath & co get out of dodge

There is also a story about Hull opening negotiations with the SMC about formalising a new tenancy agreement to reduce the amount paid to the SMC in terms of gate receipts and the annual ground rent.

This will allow the club to reduce admission prices.

Gates were down massively and over estimated according to a lot of people (myself included). We paid a fee for Obst as well which will have added to the loss. Merchandise sales will also have been down so no major surprises for me.

It was bound to happen, really. Larger than expected though.

I'm confident that Pearson is the man to turn it round.

Hopefully some of the commercial revenue will start to come back in now kath and rule are gone.

Can you imagine what austerity measures the last lot would have implemented?

"Thinking the club is profitable is inaccurate." Oops.



I blame Sadofsky's.



Seriously, how fortunate are we to have Pearson running the club now, when we could still have had Kath and Agar. The article puts paid also to suggestions he's here for a quick buck.

If Kath was still here the figures would of been fiddled again to make them show a small profit.

Seriously though there was rumours about how bad things where at our club but it just amazes me that things where as bad as they actually where. Well run club - your kidding. FC was run like a total shambles and its only a massive amount of luck that we struggled through this far imo.

Looking at it again it isn't as bad as i first thought. If we are around 2000 per game down on previous seasons and we say an average of about £16 for tickets £16x2000x13 = £416,000 .

Obviously this year we have the big tax bill to pay but if we have a decent season then we can make a big dent in that bill to reduce losses for next season.

"I now understand clearly why the previous board were attempting to sell, and that is because they were going to have to put some money into it.

This sums it up for me. Thankfully Pearson snapped there hand off. He probably wishes he hadn't but the good thing is, he now has to make some form of a small fortune! Which will take investment! Bring it on.

Happy new year

Happy new year. We thought we'd take the limelight off you after your rousing performance against Featherstone.

Pretty poor form by you in all accounts this Phil



Knowing full well we would be and most of our fanbase did too. Lets keep the banter onto on the pitch performances... See where that gets you.

Not surprised we made a loss last year with the fall in gate money. Interesting that we likely made a profit in previous seasons largely on the back of keeping costs unrealistically low - something many suspected to be fair. Certainly plenty of skeletons being exhumed from closets.

Don't think this is a surprise to anyone really low crowds will have hit the club, But as Pearson says lack of investment over a period of time in the long run will lead to losses.

Actually looking on the bright side of this it means he wont suffer poor performances and will ensure Gentle is actually doing the job we expect him too. just pleased too hear he's still on about further investment, which as others have pointed out shows he's here for the long run not short term..

Tip of the iceberg comment becoming relevant ?

No. Lets face it your team would love to post losses of just 300k.

Things not so good eh?

Best thing thats happened to your club is Mr Pearson, finally some of you can now take your heads out your a***s!!!

Some did say just how much Kath et al were raping out of our club

Have you stopped your £450k pa losses yet?

How much was the last loss we posted?

Love all the pathetic Rovers trolls trying to make this a majorly bad news story. IMO it's great news, shows that there is work to be done but we have the right man to do and make sure investment in the club increases to create success, more fans and more revenue. Yes the loss is a negative but it's hardly a shock, we all knew it was coming.

Shows the old board for what they were too, once the profits were dwindling they wanted out, good riddance!

Think it was around the 250k mark with debt of around 2.1m which wont account for the forthcoming tax bill plus the 1m loan you still owe to Allam.. Probably a blip for you just as this is a blip for us. People were sick and tired of Agar/Board so acted by not going to games and who can blame them. This coming season we will post another loss due to the tax bill but then it is onwards and upwards.

Can I ask a serious question.

What long term investment is AP taking about? Obviously it isn't the stadium so what then

Infrastructure, training facilities, actually spending full cap.