Yep - completely agree, see City thread. Bad news, this.

That i cant answer. For years lots of fans including yourself have peddled this fear of the unknown thing (infact maybe you was right as we replaced Kath with Pearson) yet thats the sort of negative approach that stops anything or anyone from moving forward. If someone did come in and buy us then surely we cant get any worse? BUT we could get better

You obviously didn't get the point I was trying make so I will make it simple for you, if he leaves, who has the money (3 million) to run the club and continue to invest off the field and on paying 6 figure fees for players.

If you think AP has lost any money you are not very bright, even if he sold it for what he paid I would bet him is very out of pocket.

It's not fear of the unknown - it's logic. I've no qualms whatsoever about Pearson leaving if a better owner takes over, but the fact is that Kath was trying to sell the club for years before Pearson obliged. This isn't Soccer and there simply aren't many potential buyers out there. And yes - things can always get worse. According to you they already have once.

Imagine this - Pearson gets royally fed up and sells the club to the Allams. I think we can all agree that would be an unmitigated disaster? And not even far fetched.

And with all due respect, how does a discussion on here influence anything at all one way or the other?

The club has lost £800k since AP took over, and that's up to 2013, accounts for 2014 due in the summer, but seeing that 2013 were significantly better than run rate, fair to assume the net impact so far is £1m. He owns the club 100%, so yes, it's all loss that he's bearing.

Yet made money before he came in. Does he use Allams accountant too?

Pretty much all clubs lose around half a million a year. As Kosh says, the club was up for sale for years. Is there a queue of successors willing to invest this amount year in, year out? Your gung-ho rhetoric needs to be underpinned with a credible funding alternative. Let's be having it.

We had gates of 14k back then, a few finals, no investment in youth and Pearson's copped for tax liabilities, remember? Sounds right to me that we're in line with other clubs.

pearson is suffering from knowing nothing about the game. he's made 2 poor decisions in listening to mcrae and then radford, both of whom have led him up the garden path for different reasons. Having said that, he is intelligent and has run a sporting club before so why he thought an assistant coach with barely 12 months experience had sufficient knowledge and skills to turn around our rapidly sinking ship I don't know and he only has himself to blame. He doesn't have much time to act IMO and needs to consider his next move very carefully.

Exactly, THE CLUB reported these figures..how much of that is out of APs own pocket..none of it. Do you not understand how business works when you are the owner and are 'investing' money over medium to long periods of time? I'll give you a bit of a hint, one of the clue's is INVESTING. You don't know about how owners draw money from their own companies? Do you know anything about offsetting losses?
clearly not a clue despite all your previous so called 'knowledge' of all things accounting

Wow, you're a financial expert as well as a specialist in man-management and sports science. I reckon you could replace Pearson [iand[/i Radford.

The financial statements have been prepared on a going concern basis due to the fact that certain key directors have confirmed their willingness to support the company financially for the foreseeable future. [uWith the ongoing financial support[/u from the company's bankers and ultimate controlling party [uMr A F Pearson[/u, the company can continue to meet its debts as they fall due for a period of at least twelve months from the date of approval of these financial statements. On this basis the directors have prepared financial statements on a going concern basis. Accordingly the financial statements do not include any adjustments that would result from withdrawal of this financial support."

On a buyer

one person springs to mind and that is why I am very concerned at the situation we are now in, because the fans are going to turn on LR and I suspect AP will get some stick in coming matches.

Time to give Mally Walker a ring.

Not had that one on here for a bit.

I'll buy a new bathroom if you will.

A surefire way of getting us out.

Let's not soft soap this. With this current shower we're in deep water and it's time for Pearson to pull the plug on Radford or throw in the towel.

Wow, a stunning lack of knowledge.

Are you aware of personal guarantees.

Owners draw money from businesses via dividend. Something Hull FC's owner is unable to do due to the ever increasing accumulated losses.

If you really think offsetting a loss is a good thing, then you have literally zero clue. Offsetting a loss still means you are lossing out, you are just making a bad situation slightly less bad.

Qualified accountant 1 Bumby 0

The line "if it wasnt for him we wouldnt be here" got trotted out for Uncle Kath

Lets move on eh, yes we've had poor times but we cant hang on to it

With regards Radford......
I'd make a change sooner than later to try and salvage the season. You could argue (I'm sure he would) that we have been on the wrong side of three narrow defeats. However, we lost narrowly on seevral occasions last season and ultimately 'nearly' doesn't get you anywhere. The second half against Leeds said it all for me. I can't recall many times in nealry forty years of watching Hull, that we have capitulated so much following a half time break. Leeds are a good side, but we should have done better than that and I can't imagine what was said at half time to allow that to happen

With regards Adam Pearson....
I've always liked him. Respect that he has put his money in to the club and genuinely tries to do the best for the club. He's a good Sports Adminsitartor, but agree that he may have relied too much on others when it comes to signing players. I hope he stays and gets the reward his efforts deserve. I'm sure he will not stic with Radford for too much longer if results don't improve and failure to make the top 8 will start to create a financial headache.

With reagrds to Pearson ever selling....
I think the Allams would buy Hull FC immediately and I don't think it would be a disaster either. Other than their very bad attempts to change the name to Hull Tigers, they have backed the club and Steve Bruce all the way and in every transfer window as aimed to achieve and retain Premier League football. Yes, they want the KC and their spats with the Council have also been embarrassing, however with Hull FC on board a sensible approach to the Council (making a bid to buy the ground could be accepted). I wouldn't see this as the end of Hull, more liely to be an upturn in fortunes. The Allams have said before about the poor utilisation of the C. Hull FC provides an ooprtunity to sweat the asset another 15+ times a season. They also know a successful Hull FC would attract gates of 14,000+, plus more opportunity to get to Wembley/Old Trafford etc.

For me though, I hope we achieve success with Adam Pearson and more likely with another Coach

I'm just scare mongering here but worst case scenario if Allam bought fc would be that he also buys rovers then merges the two clubs and makes the merged club play at craven park thus removing the problem of hull fc playing at the kc paving the way for him to purchase the kc.

Bumpy is definitely a wasted talent posting on this board.
We are not worthy.