Quite possibly, but it's an interesting/strange one. I don't know the mechanics of how they've done it because I've never been interested enough to buy a set of the accounts, but I've always suspected that it would simply be some kind of (re)valuation reserve on the other side of the balance sheet (mainly because I just can't see how it could justifiably be put through the P&L as a form of income). The article suggests it may have been done just to increase the balance sheet total for a selling price, which could fit in with that.

Pearson's comment isn't really consistent with that though, IMO. The only reason I can think of for the reduction being done over time is to smooth out an effect on profits, if it was just a corresponding reduction of a reserve I don't see a major reason why it wouldn't just be done all at once.

Is there anyone on here who (actually, genuinely, factually, not just 'having a wild stab in the dark') knows?

Did you

How much do rovers owe then? The begging bowl came allams way last season,but doubt he will be so generous again this year.Where will hudg turn to then? Administration?

Nice trip to Wembley would be just the ticket.

Do you need a new sock yet?

In adam we trust

Only time will tell, last year people were saying "in James Rule I trust"

Don't include me in that gang

I think this is only a story in regard to how it shows just what the last regime was all about.
When everyone was singing JR's praises for his excellent marketing I always thought that it was true but only in so far as he was clever at spinning how all the management team cared about the club whereas they were only ever really interested in lining their pockets at the expense of the long suffering supporters.
This news just confirms that once they’d killed the golden goose that was it, they were off as the club held no interest once it had been milked dry.
I think the AP angle is solely a PR exercise. There’s no way he didn’t know the situation was like this when he bought the club and it would be a hard road back. This release is just another nudge to all those who have not renewed season passes that they owe him some support and to get their hands in their pockets.

You wish . Adam Pearson taking over at Hull FC , was bad news for Hull KR .
There will be nothing mighty about the Robins in 2012. Your choice of Coach and recruitment will see to that.

Edited for accuracy.

because youve lost 300 grand does that mean hull have to sell players to recoup the money or will pearson have to put in 300 of his own money

Ask your carer to read the article to you and then spend the next precious part of their life explaining what they've just read out

Only at hull FC could losing 300 grand with more to come be a good thing. You've all spent ages telling us what a magnificent profitable organisation you are.

Seems it was all built on sand foundations



Whoopsie

Most of the dobbin comments on this thread are absolute Comedy Gold


It never fails to amaze me how stupid some of them are

TBF we don't have much choice.

I thought losing near enough £500k was a 'good thing' as it allowed you to be 'competitive'.....for one season.....3 years ago.

Just like i said there would be more bad news to come and it has, wonder if mrs Barista would like to go and dig into the accounts and tell us all how profitable her club are?????????? Thought not

I think we made £250k from the 2008 Final.

The lack of any Cup run in the last three seasons has had a big effect. A Wembley return would be a huge boost financially.

The £300k loss is unfortunate but was inevitable given the drop in crowds (down about 17,000 in total between 2010 and 2011) and lack of success however if we can turn things around on the pitch the financial picture will improve without the need for any soft loans.

BTW loving the dim Rovers fans posting on here.

Now, now. Losses of £1.9m over 6 years, net liabilities of £2.1m, £1m loan from Allam, ERDF funding not yet signed off on the North Stand, and the marquee signing of, er, Graeme Horne. Are you [usure[/u you don't want to trade?

I started the thread, you f3ckwit.

This is where a lot of your lot are getting mistaken, we have been a profitable business. What Pearson is getting at is that these profits were made on an unrealistic cost base. He wants us to be a profitable business while spending appropriately, that will take time.

Come on, since when have facts got in the way of the dobbins trolling.

It doesn't even get in the way of Blunderside's trolling. They, like the idiots on the dark side, are still convinced that capitalising players on the balance sheet has an impact on the P&L account

I'm sure mrs b can bring up one of our many debates on where the cash was going